Solar power in Wisconsin

ALLETE, Inc. reports third quarter earnings of $1.49 per share; raises full-year 2023 earnings guidance to a range of $4.30 to $4.40 per share reflecting increased earnings from ALLETE Clean Energy

Retrieved on: 
Thursday, November 2, 2023
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ALLETE, Inc. (NYSE: ALE) today reported third quarter 2023 earnings of $1.49 per share on net income of $85.9 million.

Key Points: 
  • ALLETE, Inc. (NYSE: ALE) today reported third quarter 2023 earnings of $1.49 per share on net income of $85.9 million.
  • Last year’s third quarter results were 59 cents per share on net income of $33.7 million.
  • “Our regulated operations results were lower in the quarter, reflecting timing of interim rate reserves in 2023 compared to 2022.
  • Third quarter net income in 2023 reflects increased income tax expense, partially offset by earnings from Minnesota solar projects.

ALLETE Board of Directors declares dividend on common stock

Retrieved on: 
Friday, October 27, 2023
Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Security (finance), Electric Bond and Share Company v. Securities and Exchange Commission, NYSE, Solar power in Wisconsin, Light, Holding company

The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock.

Key Points: 
  • The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock.
  • On an annual basis, the dividend is equivalent to $2.71 per share, unchanged from the previous quarter.
  • The regular quarterly dividend is payable December 1 to common stock shareholders of record at the close of business November 15, 2023.
  • ALE-CORP
    The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements.

ALLETE to announce third quarter financial results November 2

Retrieved on: 
Thursday, October 5, 2023
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ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Thursday, November 2, 2023.

Key Points: 
  • ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Thursday, November 2, 2023.
  • Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, and Senior Vice President and Chief Financial Officer Steve W. Morris will present an overview of results and discuss other factors related to performance during a conference call beginning at 10 a.m. Eastern time.
  • Interested parties may participate in the conference call live by registering at www.allete.com/earningscall , or by accessing the listen-only webcast on ALLETE’s website, www.allete.com .
  • ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota.

ALLETE, Inc. reports second quarter earnings of 90 cents per share; reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share

Retrieved on: 
Tuesday, August 8, 2023
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ALLETE, Inc. (NYSE: ALE) today reported second quarter 2023 earnings of 90 cents per share on net income of $51.5 million.

Key Points: 
  • ALLETE, Inc. (NYSE: ALE) today reported second quarter 2023 earnings of 90 cents per share on net income of $51.5 million.
  • Last year’s second quarter results were 67 cents per share on net income of $37.6 million.
  • Earnings per share dilution in 2023 was approximately 2 cents due to additional shares of common stock outstanding as of June 30, 2023.
  • ALLETE’s earnings conference call will be at 10:00 a.m. (EST), August 8, 2023, at which time management will discuss the second quarter of 2023 financial results.

ALLETE Board of Directors declares dividend on common stock

Retrieved on: 
Monday, July 31, 2023
Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Security (finance), Electric Bond and Share Company v. Securities and Exchange Commission, Solar power in Wisconsin, NYSE, Light, Holding company

The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock.

Key Points: 
  • The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock.
  • On an annual basis, the dividend is equivalent to $2.71 per share, unchanged from the previous quarter.
  • The regular quarterly dividend is payable September 1 to common stock shareholders of record at the close of business August 15, 2023.
  • ALE-CORP
    The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements.

ALLETE Clean Energy adds new customer segment through power purchase agreement with Seattle City Light

Retrieved on: 
Tuesday, July 25, 2023
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ALLETE Clean Energy, a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), has entered a new customer segment after signing a 5-year power purchase agreement (PPA) to sell wind power to Seattle City Light, the company’s first municipal customer.

Key Points: 
  • ALLETE Clean Energy, a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), has entered a new customer segment after signing a 5-year power purchase agreement (PPA) to sell wind power to Seattle City Light, the company’s first municipal customer.
  • Seattle City Light, among the top-ten largest municipal utilities in the nation with more than 493,000 customers in Seattle, will purchase power from ALLETE Clean Energy’s 50-megawatt Condon wind site in northern Oregon.
  • The PPA also includes an agreement to jointly explore adding solar energy and/or energy storage capacity at the Condon site.
  • “We’re excited to provide affordable, renewable wind energy to Seattle City Light from our Condon wind site and proud to help Seattle City Light meet their sustainability goals as we advance the clean-energy future,” said ALLETE Clean Energy President Nicole Johnson.

ALLETE to announce second quarter financial results August 8

Retrieved on: 
Friday, July 7, 2023
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ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Tuesday, August 8, 2023.

Key Points: 
  • ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Tuesday, August 8, 2023.
  • Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, and Senior Vice President and Chief Financial Officer Steve W. Morris will present an overview of results and discuss other factors related to performance during a conference call beginning at 10 a.m. Eastern time.
  • Interested parties may participate in the conference call live by registering at www.allete.com/earningscall , or by accessing the listen-only webcast on ALLETE’s website, www.allete.com .
  • ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota.

ALLETE advances most transformative growth strategy in company history

Retrieved on: 
Tuesday, May 9, 2023
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She said New Energy Equity, a leading distributed solar developer, and ALLETE Clean Energy already are exploring new markets and customers under the policies.

Key Points: 
  • She said New Energy Equity, a leading distributed solar developer, and ALLETE Clean Energy already are exploring new markets and customers under the policies.
  • “Taken together, Minnesota Power’s Integrated Resource Plan and the transmission projects constitute the most transformative growth strategy in ALLETE’s history,” Owen said.
  • As ALLETE and its companies add clean energy sources, transmission lines and energy storage, Owen said the company is adding these resources in prudent and sustainable ways.
  • These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.

ALLETE, Inc. reports first quarter earnings of $1.02 per share

Retrieved on: 
Wednesday, May 3, 2023
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ALLETE, Inc. (NYSE: ALE) today reported first quarter 2023 earnings of $1.02 per share on net income of $58.2 million.

Key Points: 
  • ALLETE, Inc. (NYSE: ALE) today reported first quarter 2023 earnings of $1.02 per share on net income of $58.2 million.
  • Last year’s first quarter results were $1.24 per share on net income of $66.3 million.
  • In addition, New Energy had a record first quarter with approximately 30 megawatts of project closings and is on track to achieve full year earnings projections.
  • Non-GAAP financial measures utilized by the Company include presentations of earnings (loss) per share.

ALLETE Board of Directors declares dividend on common stock

Retrieved on: 
Thursday, April 27, 2023
Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Nuclear, Security (finance), Electric Bond and Share Company v. Securities and Exchange Commission, Solar power in Wisconsin, NYSE, Light, Holding company

The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock.

Key Points: 
  • The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock.
  • On an annual basis, the dividend is equivalent to $2.71 per share, unchanged from the previous quarter.
  • The regular quarterly dividend is payable June 1 to common stock shareholders of record at the close of business May 15, 2023.
  • ALE-CORP
    The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements.