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.
In addition, 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 150,000 retail customers and 14 non-affiliated municipal customers.
Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois.
Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 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 162 substations with a total capacity of 9,980 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.
| Country | United States |
| Founded | 1906 |
| Industry | Utilities - Diversified |
| Sector | Utilities |
| Employees | 1,560 |
| 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 |
| 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 |
| Bethany M. Owen | Chair, Chief Executive Officer and President |
| Steven Wayne Morris | Senior Vice President and Chief Financial Officer |
| Joshua J. Skelton | Vice President and Chief Operating Officer of Minnesota Power |
| Nicole Renee Johnson | Vice President and President of Allete Clean Energy |
| Vincent J. Meyer | Vice President of Investor Relations |
| Julie L. Padilla | Vice President, Chief Legal Officer and Secretary |
| Rob Sandstrom | President of Superior Water, Light and Power |
| Frank Frederickson | Vice President of Customer Experience- Minnesota Power |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Dec 19, 2024 | 8-K | Current Report |
| Oct 30, 2024 | 10-Q | Quarterly Report |
| Sep 25, 2024 | SD | Form - SD |
| Aug 21, 2024 | 8-K | Current Report |
| Aug 14, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Aug 1, 2024 | 10-Q | Quarterly Report |
| Jul 22, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Jul 10, 2024 | DEFM14A | Filing |
| Jun 27, 2024 | 11-K | Annual report of employee stock purchase, savings and similar plans |
| Jun 21, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |