76.06
BATS BZX Real-Time Price
As of 1:39pm ET
 +0.79 / +1.05%
Today’s Change
66.64
Today|||52-Week Range
81.24
+2.29%
Year-to-Date
SECTOR
Utilities
INDUSTRY
Electric Utilities
MARKET CAP
$3.5B

Company Description

ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, U.S. Water Services, and Corporate and Other. The Regulated Operations segment includes regulated utilities; Minnesota Power; SWL&P; and investment in ATC, which regulates utilities that owns and maintains electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. The Corporate and Other segment comprises of BNI Energy, its coal mining operations in North Dakota; ALLETE Properties, its legacy Florida real estate investment; other business development and corporate expenditures; unallocated interest expense; and earnings on cash and investments. The company was founded in 1906 and is headquartered in Duluth, MN.

Contact Information

ALLETE, Inc.
30 West Superior Street
Duluth Minnesota 55802
P:(218) 279-5000
Investor Relations:
(218) 723-3952

Employees

Shareholders

Mutual fund holders39.14%
Other institutional34.25%
Individual stakeholders1.10%

Top Executives

Alan R. HodnikChairman, President & Chief Executive Officer
Robert J. AdamsChief Financial Officer & Senior Vice President
Deborah A. AmbergChief Strategy Officer-Regulated Operations & SVP
Bradley W. OachsSenior VP & President-Regulated Operations
Patrick L. CutshallTreasurer & Vice President