ALE ALLETE Inc.

ALLETE to Announce Second Quarter Financial Results August 1

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 8% equity interest in the American Transmission Co. More information about ALLETE is available at

ALE-CORP

EN
15/07/2024

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ALEALLETE Inc.

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Reports on ALLETE Inc.

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ALE ALLETE INC.

ALLETE, Inc. Reports 2024 Earnings

DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported 2024 earnings of $3.10 per share on net income of $179.3 million and operating revenue of $1.5 billion. Reported results from 2023 were $4.30 per share on net income of $247.1 million and operating revenue of $1.9 billion. Results for 2024 reflect approximately 39 cents per share of transaction expenses related to the merger agreement entered into May 5, 2024, with Canada Pension Plan Investment Board and Global Infrastructure Partners. Earnings in 2024 were positively impacted by the implementation of interim rates on Ja...

February 13, 2025 1 EN
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ALE ALLETE INC.

ALLETE Board of Directors Raises Quarterly Common Stock Dividend

DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to $0.73 per share, a 3.5 percent increase. “This dividend increase reflects the ALLETE Board of Directors’ confidence in our growth outlook for ALLETE,” said ALLETE Chair, President and CEO Bethany Owen. “We are pleased to deliver another dividend increase to our shareholders – adding to our track record of more than 75 consecutive years of dividends paid.” On an annual basis the increased dividend is equivalent to $2.92 pe...

January 30, 2025 1 EN
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ALE ALLETE INC.

ALLETE Senior Vice President & Chief Financial Officer Steven W. Morri...

DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) announced today that Chief Financial Officer Steven W. Morris will retire later this year after a distinguished nearly 25-year career with the company. In the interim and as part of an orderly succession plan, Morris, 63, will remain with the company until July. Morris joined the Duluth-based company in 2001 and was promoted to Senior Vice President and Chief Financial Officer in Feb. 2022 after serving in numerous key strategic roles throughout his tenure. “Steve has been an integral member of the ALLETE team during his long career...

January 24, 2025 1 EN
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ALE ALLETE INC.

ALLETE receives FERC approval for proposed transaction with Canada Pen...

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-workers, and our shareholders,” said ALLETE Chair, President, and CEO Bethany Owen. “We are pleased with...

December 19, 2024 1 EN
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ALE ALLETE INC.

ALLETE Clean Energy has fully recontracted Armenia Mountain Wind

DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), has fully contracted the output of its Armenia Mountain Wind site for another seven years through agreements with two customers. ALLETE Clean Energy acquired the 100.5-megawatt Armenia Mountain Wind site near Troy, Pennsylvania, in 2015. Located in the dynamic PJM electricity market near the New York-Pennsylvania border, Armenia Mountain consists of 67 General Electric turbines installed in 2009. “That we have fully recontracted the Armenia Mountain Wind site is a testament to the hard wo...

November 19, 2024 1 EN

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