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ALLETE Inc (NYSE:ALE)

46.38
Delayed Data
As of 4:02pm ET
 -0.29 / -0.62%
Today’s Change
44.19
Today|||52-Week Range
59.73
-15.89%
Year-to-Date
SECTOR
Utilities
INDUSTRY
Electric Utilities
MARKET CAP
$2.3B

Company Description

ALLETE, Inc. operates as an energy company, which provides electric and natural gas utility services. The company operates in two segments: Regulated Operations, and Investments & Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power, Inc. and Superior Water, Light & Power Co., as well as the company's investment in American Transmission Co LLC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota and Illinois. The Investments & Other segment comprises primarily of BNI Coal Ltd., its coal mining operations in North Dakota, ALLETE Properties, LLC, the company's Florida real estate investment, and ALLETE Clean Energy, Inc., its business aimed at developing or acquiring capital projects that create energy solutions via wind, solar, biomass, hydro, natural gas, liquids, shale resources, clean coal and other clean energy innovations. The company was founded in 1906 and is headquartered in Duluth, MN.

Contact Information

ALLETE, Inc.
30 West Superior Street
Duluth Minnesota 55802-2093
P:(218) 279-5000
Investor Relations:
(218) 723-3953

Employees

Shareholders

Individual stakeholders6.35%
Mutual fund holders44.35%
Other institutional29.73%

Top Executives

Alan R. HodnikChairman, President & Chief Executive Officer
Steven Q. DeVinckChief Financial Officer & SVP-Business Support
Deborah A. AmbergSecretary, Senior Vice President & General Counsel
Donald W. StellmakerTreasurer & Vice President
Robert J. AdamsChief Risk Officer & VP-Business Development