ALLETE Inc.

65.63
-0.08 (-0.12%)
At close: Mar 31, 2025, 12:14 PM

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.

ALLETE Inc.
ALLETE Inc. logo
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