ALLETE, Inc. (ALE)

NYSE: ALE · IEX Real-Time Price · USD
59.35
+0.53 (0.90%)
Mar 28, 2024, 12:53 PM EDT - Market open

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.

ALLETE, Inc.
ALLETE logo
Country United States
Industry Utilities - Diversified
Sector Utilities
Employees 1,560
CEO Ms. Bethany M. Owen

Contact Details

Address:
30 W Superior St
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
Bethany M. Owen Chair, Chief Executive Officer and President
Steven Wayne Morris Senior Vice President and Chief Financial Officer
Margaret A. Thickens Vice President, Chief Legal Officer and Corporate Secretary
Patrick L. Cutshall C.F.A., CPA Vice President and Corporate Treasurer
Vincent J. Meyer Vice President of Investor Relations
Jeffrey Scissons Director of Corporate Development
Rob Sandstrom President of Superior Water, Light and Power
Matthew Hankey President and Chief Executive Officer of New Energy Equity
Frank Frederickson Vice President of Customer Experience- Minnesota Power

Latest SEC Filings

Date Type Title
Mar 20, 2024 8-K Current Report
Feb 20, 2024 8-K/A [Amend] Current report
Feb 20, 2024 8-K Current Report
Feb 20, 2024 10-K Annual Report
Feb 13, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Jan 23, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Nov 2, 2023 10-Q Quarterly Report
Aug 8, 2023 10-Q Quarterly Report
Jun 28, 2023 11-K Annual report of employee stock purchase, savings and similar plans
May 12, 2023 8-K Current Report