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.
| 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 |
| 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 |
| 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 |
| Jeffrey Scissons | Vice President and Corporate Treasurer |
| Frank Frederickson | Vice President of Customer Experience- Minnesota Power |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Feb 14, 2025 | S-3ASR | Automatic shelf registration statement of securities of well-known seasoned issuers |
| Feb 13, 2025 | 10-K | Annual Report |
| Jan 24, 2025 | 8-K | Current Report |
| 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 |