Welcome to our dedicated page for Allete news (Ticker: ALE), a resource for investors and traders seeking the latest updates and insights on Allete stock.
This page provides historical news coverage for ALLETE, Inc. (formerly NYSE: ALE), an energy company headquartered in Duluth, Minnesota. ALLETE’s public communications describe a business built around regulated utilities and energy subsidiaries, including Minnesota Power, Superior Water, Light and Power of Wisconsin, ALLETE Clean Energy, BNI Energy, New Energy Equity and an equity interest in American Transmission Co.
News about ALLETE has covered several key themes: its acquisition by an entity jointly owned by Canada Pension Plan Investment Board and Global Infrastructure Partners, regulatory approvals from the Minnesota Public Utilities Commission and the Public Service Commission of Wisconsin, and the resulting transition from a publicly traded company to a privately held subsidiary of Alloy Parent LLC. Articles also document commitments made to Minnesota Power customers and communities, such as a one‑year base rate freeze, rate credits, customer assistance funds and a Clean Firm Technology Fund.
Investors and researchers can review past earnings announcements, dividend declarations, financing activities and regulatory milestones that shaped ALLETE’s trajectory prior to and through the closing of the merger on December 15, 2025. Coverage includes quarterly earnings releases, segment performance for Regulated Operations, ALLETE Clean Energy and New Energy Equity, as well as updates on transaction‑related expenses and settlement agreements with the Minnesota Department of Commerce.
Because ALLETE’s common stock has been delisted from the New York Stock Exchange and deregistered with the SEC, the ALE symbol now represents a historical record rather than an active listing. This news archive helps contextualize the company’s evolution, ownership change and long‑term commitments to regulated utility service and clean‑energy investments.
ALLETE, Inc. (NYSE: ALE) has declared a quarterly dividend of 63 cents per share, maintaining an annual rate of $2.52 per share. The dividend will be payable on June 1 to shareholders of record as of May 14, 2021. ALLETE operates electric utilities such as Minnesota Power and Superior Water, Light and Power, along with subsidiaries including ALLETE Clean Energy and BNI Energy. The company emphasizes its commitment to providing consistent returns to shareholders.
Summary not available.
ALLETE Inc. (NYSE: ALE) will announce its financial results for the first quarter on May 6, 2021, before market opening. A conference call led by CEO Bethany M. Owen and CFO Robert J. Adams will take place at 10 a.m. Eastern time to discuss the results and factors affecting performance. Those interested can listen by calling (877) 303-5852 or via webcast at www.allete.com. A replay will be available until May 13, 2021. ALLETE is an energy company based in Duluth, Minnesota, operating electric utilities and clean energy subsidiaries.
Summary not available.
ALLETE, Inc. (NYSE: ALE) reported 2020 earnings of $3.35 per share, down from $3.59 in 2019, due to COVID-19 impacts and a Minnesota Power rate case settlement. Net income decreased to $174.2 million from $185.6 million, with revenues stable at $1.2 billion. The Regulated Operations segment saw a drop in earnings while ALLETE Clean Energy improved net income to $29.9 million, aided by new wind facilities. Guidance for 2021 anticipates ongoing pandemic effects but aims for improved financial performance through clean energy initiatives.
ALLETE Clean Energy, a subsidiary of ALLETE (NYSE: ALE), plans to repower and expand the Northern Wind site in Minnesota, converting existing turbines to more efficient models. This 120-megawatt project, expected to complete in 2022, responds to the Minnesota Public Utilities Commission's initiative to bolster the economy post-COVID-19. The upgrade promises over 10% more electricity generation and cost savings for customers over 25 years. The initiative aligns with Xcel Energy's goal to reduce carbon emissions by 80% by 2030 and transition to 100% carbon-free energy by 2050.
ALLETE Clean Energy, a subsidiary of ALLETE (NYSE: ALE), announced renewable energy sale agreements with Oshkosh Corporation and Hormel Foods for 100 megawatts from its Caddo wind site in Oklahoma. The 303-megawatt site will double ALLETE Clean Energy's capacity amid growing corporate demand for clean energy. The project will boost local economies through $50 million in tax revenue and create around 200 construction jobs, with 12 to 15 long-term operations jobs. The site is projected to be operational by the end of 2021 and will include approximately 110 turbines, powering around 110,000 homes.
ALLETE, Inc. (NYSE:ALE) has announced a quarterly dividend increase to 63 cents per share, reflecting a 2% increase. This decision comes from the Board's confidence in the company's growth outlook. The annualized dividend now stands at $2.52 per share, with payment scheduled for March 1 to shareholders of record on February 16, 2021. ALLETE maintains a strong track record with over 71 consecutive years of dividend payments, underscoring its commitment to returning value to shareholders.
ALLETE Inc. (NYSE:ALE) is set to announce its financial results for 2020 before the markets open on February 17, 2021. Following the announcement, key executives including CEO Bethany M. Owen and CFO Robert J. Adams will host a conference call at 10 a.m. ET to discuss the results and provide 2021 earnings guidance. Interested parties can join the call or access a webcast via ALLETE's website. The call replay will be available until February 24, 2021. ALLETE, based in Duluth, Minnesota, operates utilities and clean energy interests.
Minnesota Power, an ALLETE company, has set a target to achieve 100% carbon-free energy by 2050, as part of its Energy Forward strategy. Having already reached 50% renewable energy supply, the company plans to submit its Integrated Resource Plan (IRP) to the Minnesota Public Utilities Commission on Feb. 1, outlining steps to increase this to 70% by 2030. Key actions include adding 400 MW of wind and solar energy and retiring coal-fired units. Minnesota Power also aims for an 80% reduction in carbon emissions by 2035, surpassing state goals.