ALLETE

ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. The Regulated Operations segment includes regulated utilities, Minnesota Power, SWL&P, and investment in ATC, which regulates utilities that own and maintain electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. The company was founded in 1906 and is headquartered in Duluth, MN.

Earnings data Q1 2021

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Earnings data Q4 2024

ALLETE reports solid earnings growth, focuses on clean energy future

ALLETE's strong financial performance in 2022 and positive 2023 guidance reflect its commitment to sustainable energy and long-term growth objectives.
Despite challenges such as market volatility and cost drivers, the company remains focused on innovation, customer affordability, and regulatory support.
With a strategic focus on clean energy leadership, ALLETE is well-positioned to navigate uncertainties and deliver value to investors and customers.

ALLETE reports Q1 earnings dip, remains strong in renewable energy

ALLETE's Q1 performance showed a slight decline in earnings but maintained stability and confidence in its full-year guidance.
The company's strengths lie in its leadership in renewable energy investments, strong financial position, and commitment to sustainability.
Challenges from operational impacts and upcoming rate cases are balanced by opportunities in renewable energy projects and market alignment.
Overall, ALLETE's strategic focus on clean energy transition positions it well for future growth and resilience in the evolving energy landscape.

ALLETE reports robust Q2 earnings, advances clean energy initiatives

ALLETE's strong Q2 performance and reaffirmed full-year guidance reflect a resilient financial outlook
The company's strategic focus on clean energy initiatives and sustainable growth underscores its commitment to long-term success
While facing challenges related to income variances and market dynamics, ALLETE remains poised to capitalize on opportunities in the clean energy sector

ALLETE reports robust Q3 earnings, eyes clean energy growth

ALLETE delivered strong earnings growth in Q3 2023, driven by robust performance in both core operations and clean energy segment.
While facing challenges related to regulatory filings and potential customer impact, ALLETE's strategic initiatives and financial strength position it well for future growth.
Opportunities lie in the company's focus on sustainability, grants received for projects, and the potential for further expansion and innovation in clean energy.

ALLETE reports strong Q4 earnings, eyes growth in renewables

ALLETE's Q4 2023 performance exceeded expectations, with full-year earnings showing significant growth compared to the previous year.
The company's focus on renewable energy projects, grid modernization, and regulatory approvals positions it for future earnings growth.
Challenges in ALLETE Clean Energy are being addressed, while New Energy Equity continues to outperform, showcasing operational resilience.
The dividend increase and consistent dividends paid reflect ALLETE's commitment to shareholder value and long-term growth.

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ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, and Corporate and Other. The Regulated Operations segment includes regulated utilities, Minnesota Power, SWL&P, and investment in ATC, which regulates utilities that own and maintain electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The Corporate and Other segment includes New Energy, South Shore Energy, BNI Energy, ALLETE Properties, a small amount of non-rate base generation, land holdings, and earnings on cash and investments. The company was founded on January 25, 1906 and is headquartered in Duluth, MN.

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) announced that the Federal Energy Regulatory Commission (FERC) approved the company's proposed transaction with Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP). “FERC's approval of ALLETE's proposed transaction with CPP Investments and GIP marks an important milestone and brings us one step closer to realizing the benefits of this transaction for our customers, our communities, our co-worker.

ALLETE receives FERC approval for proposed transaction with Canada Pension Plan Investment Board and Global Infrastructure Partners

Investment is a major step forward toward enhancing the reliability and resilience of the western energy grid Investment is a major step forward toward enhancing the reliability and resilience of the western energy grid

Puget Sound Energy signs on to largest share of North Plains Connector transmission project

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Clean Energy has fully contracted the output of its Armenia Mountain Wind site for another seven years through agreements with two customers.

ALLETE Clean Energy has fully recontracted Armenia Mountain Wind

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported third quarter 2024 earnings of 78 cents per share on net income of $45.0 million. Last year's third quarter results were $1.49 per share on net income of $85.9 million. Net income for the same quarter in 2023 included approximately 71 cents per share for the favorable arbitration ruling involving a subsidiary of ALLETE Clean Energy. Net income for the third quarter this year included approximately 7 cents per share of trans.

ALLETE, Inc. reports third quarter 2024 earnings

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Clean Energy today announced the company has sold the Whitetail wind project in southwestern Wisconsin to Invenergy.

ALLETE Clean Energy Announces Sale of Wisconsin Wind Site

DULUTH, Minn.--(BUSINESS WIRE)--The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.5 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.82 per share, unchanged from the previous quarter. The regular quarterly dividend is payable December 1 to common stock shareholders of record at the close of business November 15, 2024. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utiliti.

ALLETE Board of Directors declares dividend on common stock

ROSEVILLE, M.N., Oct. 17, 2024 /PRNewswire/ -- New Energy Equity, national developer and financier of community and commercial solar projects, announces the successful completion of 14 Public Storage solar projects across Minnesota.

New Energy Equity completes development of 14 Public Storage projects in Minnesota

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Wednesday, October 30, 2024. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, N.D.; and New Energy Equity, headquartered in Annapolis, Maryland; and has.

ALLETE to Announce Third Quarter Financial Results October 30

DULUTH, Minn.--(BUSINESS WIRE)--Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE), announced today it plans to build two large solar projects in northern Minnesota as part of its continued transition toward a cleaner energy future while prioritizing regional renewable energy investments. The Regal Solar project near Royalton, Minnesota, and the Boswell Solar project in Cohasset, Minnesota, were chosen in an open process from competitive bids in Minnesota Power's 2023 solar request.

Minnesota Power plans two large solar projects in northern Minnesota as part of its EnergyForward strategy for carbon-free energy

ANNAPOLIS, Md. , Sept. 17, 2024 /PRNewswire/ -- New Energy Equity, a wholly owned subsidiary of ALLETE Inc (NYSE:ALE), announced it has achieved Gold Certification through the Diversity Equity Inclusion and Justice (DEIJ) Certification Program from the Solar Energy Industries Association (SEIA).

New Energy Equity achieves Gold Certification for advancements on DEIJ issues

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) announced that its shareholders voted today to approve the company's proposed transaction with Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) at a special meeting of shareholders. As previously announced, under the terms of the merger agreement, CPP Investments and GIP will acquire all outstanding common shares of ALLETE for $67 per share in cash, or $6.2 billion, without interest. “We than.

ALLETE shareholders approve proposed transaction with Canada Pension Plan Investment Board and Global Infrastructure Partners

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE applauds $700 million federal grant for Montana and North Plains Connector transmission project.

ALLETE applauds $700 million federal grant for Montana and North Plains Connector transmission project

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported second quarter 2024 earnings of 57 cents per share on net income of $33.0 million. Last year's second quarter results were 90 cents per share on net income of $51.5 million. Net income for the second quarter this year includes 25 cents per share of transaction expenses related to the merger agreement entered into on May 5, 2024, with Canada Pension Plan Investment Board and Global Infrastructure Partners, and a 4 cent per s.

ALLETE, Inc. reports second quarter 2024 earnings

NEW YORK, July 27, 2024 (GLOBE NEWSWIRE) -- NEW YORK, July 27, 2024 / GobeNewswire/-- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating ALLETE, Inc. (NYSE: ALE ) , relating to its proposed merger with a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners. Under the terms of the agreement, ALLETE stockholders will receive $67.00 per share in cash for each share of common stock owned as of the closing of the transaction.

ALE INVESTIGATION: The M&A Class Action Firm Continues to Investigate the Merger and August 21, 2024 Shareholder Vote of ALLETE, Inc.

DULUTH, Minn.--(BUSINESS WIRE)--First paragraph, first sentence of release dated July 25, 2024 should read: The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.5 cents per share of common stock (instead of The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.05 cents per share of common stock). The updated release reads: ALLETE BOARD OF DIRECTORS DECLARES DIVIDEND ON COMMON STOCK The ALLETE, Inc. (NYSE:ALE) board of directors.

CORRECTING and REPLACING ALLETE Board of Directors Declares Dividend on Common Stock

DULUTH, Minn.--(BUSINESS WIRE)--The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 70.05 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.82 per share, unchanged from the previous quarter. The regular quarterly dividend is payable September 1 to common stock shareholders of record at the close of business August 15, 2024. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utiliti.

ALLETE Board of Directors Declares Dividend on Common Stock

NEW YORK , July 23, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating ALLETE, Inc. (NYSE: ALE) , relating to its proposed merger with a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners.

URGENT UPDATE: The M&A Class Action Firm Investigates Merger and Looming Vote on August 21, 2024, of ALLETE, Inc. - ALE

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Thursday, August 1, 2024. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, N.D.; and New Energy Equity, headquartered in Annapolis, Maryland; and has an.

ALLETE to Announce Second Quarter Financial Results August 1

NEW YORK, June 26, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating ALLETE, Inc. (NYSE: ALE ) , relating to its proposed merger with a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners. Under the terms of the agreement, ALLETE stockholders will receive $67.00 per share in cash for each share of common stock owned as of the closing of the transaction.

STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger of ALLETE, Inc. - ALE

HOUSTON--(BUSINESS WIRE)--Grid United, a leading developer of high voltage transmission infrastructure, today announced the results of a comprehensive study conducted by Astrapé Consulting, highlighting the substantial reliability and capacity benefits of connecting the Western and Eastern Interconnections across three independent system markets – Western Electricity Coordinating Council (WECC), Southwest Power Pool (SPP), and the Midcontinent Independent System Operator (MISO). Grid United and.

New Analysis Quantifies Capacity Benefits of Grid United and ALLETE's North Plains Connector Interregional Transmission Line

Portland General Electric

The North Plains Connector transmission line will more than double the transfer capacity between the eastern and western U.S. electric grids, providing PGE access to new, diverse resources and bolstering reliability for customers. PORTLAND, Ore.

PGE joins Grid United and ALLETE in 3,000 megawatt east-west transmission line

AIA Group Ltd

Allient Inc

AAGIY, ALE and ALNT have been added to the Zacks Rank #5 (Strong Sell) List on May 14, 2024.

New Strong Sell Stocks for May 14th

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported first quarter 2024 earnings of 88 cents per share on net income of $50.7 million. Last year's first quarter results were $1.02 per share on net income of $58.2 million. Net income in 2024 includes interim rate refund reserves of 7 cents per share due to Minnesota Power's rate case settlement, a 6 cent per share negative impact due to warmer winter weather, and 2 cents per share of transaction expenses related to the recentl.

ALLETE, Inc. reports first quarter 2024 earnings

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of ALLETE, Inc. (NYSE: ALE) to Canada Pension Plan Investment Board (“CPP”) and Global Infrastructure Partners (“GIP”). Under the terms of the proposed transaction, shareholders of ALLETE will receive $67.00 in cash for each share of ALLETE that they own. KSF is seeking to determine whether this consideration and.

ALLETE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of ALLETE, Inc. - ALE

ASGN

BrightSpire Capital

ALE, ASGN and BRSP have been added to the Zacks Rank #5 (Strong Sell) List on May 7, 2024.

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