ALLETE Inc. (ALE)
Company Description
ALLETE, Inc. operates as an energy company.
The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments.
It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar.
The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers.
It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois.
In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility.
Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida.
The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes.
It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries.
The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001.
ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

Country | United States |
IPO Date | May 3, 1973 |
Industry | Diversified Utilities |
Sector | Utilities |
Employees | 1,564 |
CEO | Bethany M. Owen |
Contact Details
Address: 30 West Superior Street Duluth, Minnesota United States | |
Website | https://www.allete.com |
Stock Details
Ticker Symbol | ALE |
Exchange | NYSE |
Fiscal Year | January - December |
Reporting Currency | USD |
CIK Code | 0000066756 |
CUSIP Number | 018522300 |
ISIN Number | US0185223007 |
Employer ID | 41-0418150 |
SIC Code | 4931 |
Key Executives
Name | Position |
---|---|
Bethany M. Owen | Chair, Chief Executive Officer & President |
Matthew Hankey | President & Chief Executive Officer of New Energy Equity |
Jeffrey J. Scissons | Chief Financial Officer |
Joshua J. Skelton | Vice President & Chief Operating Officer of Minnesota Power |
Julie L. Padilla | Vice President, Chief Legal Officer & Secretary |
Nicole Renee Johnson | Vice President & President of Allete Clean Energy |
Rob Sandstrom | President of Superior Water, Light & Power |
Steven Wayne Morris | Executive Officer |
Vincent J. Meyer | Vice President of Investor Relations |
Latest SEC Filings
Date | Type | Title |
---|---|---|
Mar 17, 2025 | PRE 14A | Filing |
Mar 14, 2025 | 8-K/A | [Amend] Current Report |
Mar 13, 2025 | 4 | Filing |
Mar 11, 2025 | 8-K | Current Report |
Feb 14, 2025 | S-3ASR | Automatic shelf registration statement of securiti... |
Feb 13, 2025 | 10-K | Annual Report |
Feb 07, 2025 | 4 | Filing |
Feb 07, 2025 | 4 | Filing |
Feb 07, 2025 | 4 | Filing |
Feb 07, 2025 | 4 | Filing |