ALLETE, Inc. (ALE)
NYSE: ALE · Real-Time Price · USD
65.67
+0.18 (0.27%)
May 7, 2025, 4:00 PM EDT - Market closed

Company Description

ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar.

The company also provides regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers in Minnesota; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers.

In addition, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois.

Further, the company focuses on acquiring, developing, and operating clean and renewable energy projects; and owns, develops, and operates approximately 1,600 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota and real estate investment activities in Florida.

It owns and operates 154 substations with a total capacity of 10,647 megavolt-amperes. The company 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 logo
Country United States
Founded 1906
Industry Utilities - Diversified
Sector Utilities
Employees 1,616
CEO Bethany Owen

Contact Details

Address:
30 West Superior Street
Duluth, Minnesota 55802-2093
United States
Phone 218 279 5000
Website allete.com

Stock Details

Ticker Symbol ALE
Exchange NYSE
Stock Type Common Stock
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
Matthew Hankey President and Chief Executive Officer of New Energy Equity & Emerging Technologies Officer
Bethany M. Owen Chair, Chief Executive Officer and President
Jeffrey J. Scissons Vice President, Chief Financial Officer and Treasurer
Steven Wayne Morris Senior Vice President
Nicole Renee Johnson Vice President and President of Allete Clean Energy
Joshua J. Skelton Vice President and Chief Operating Officer of Minnesota Power
Colin Bradley Anderson CPA Vice President, Chief Accounting Officer and Controller
Vincent J. Meyer Vice President of Investor Relations
Julie L. Padilla Vice President, Chief Legal Officer and Secretary
Amy Rutledge Director of Corporate Communications

Latest SEC Filings

Date Type Title
May 6, 2025 S-3ASR Automatic shelf registration statement of securities of well-known seasoned issuers
Apr 16, 2025 8-K Current Report
Mar 31, 2025 ARS Filing
Mar 31, 2025 DEFA14A Additional definitive proxy soliciting materials and Rule 14(a)(12) material
Mar 31, 2025 DEF 14A Other definitive proxy statements
Mar 17, 2025 PRE 14A Other preliminary proxy statements
Mar 14, 2025 8-K/A [Amend] Current report
Mar 11, 2025 8-K Current Report
Feb 14, 2025 S-3ASR Automatic shelf registration statement of securities of well-known seasoned issuers
Feb 13, 2025 10-K Annual Report