Solar power in Wisconsin

ALLETE, Inc. Reports Third Quarter Earnings of 53 Cents; Reaffirms 2021 Earnings Guidance Range

Retrieved on: 
Thursday, November 4, 2021
Alternative Energy, Energy, Other Energy, Utilities, Light, GAAP, Mission statement, Security (finance), U.S. Securities and Exchange Commission, Interest, NYSE, Wind, Corporation, Time management, Income, Recto and verso, Webcast, Growth, EST, Generally Accepted Accounting Principles (United States), Solar power in Wisconsin, Power, Tax, Renewable energy, Bank

ALLETE, Inc. (NYSE: ALE) today reported third quarter 2021 earnings of 53 cents per share on net income of $27.6 million.

Key Points: 
  • ALLETE, Inc. (NYSE: ALE) today reported third quarter 2021 earnings of 53 cents per share on net income of $27.6 million.
  • ALLETE Clean Energy recorded a third quarter 2021 net loss of $800,000 compared to net income of $1.1 million in 2020.
  • Our consolidated financial results are as expected for the quarter, said ALLETE Senior Vice President and Chief Financial Officer Bob Adams.
  • See page 4 in this release for a reconciliation of 2020 annual GAAP earnings guidance range to 2020 annual adjusted earnings guidance range (Non-GAAP).

ALLETE Board of Directors Declares Dividend on Common Stock

Retrieved on: 
Friday, October 29, 2021
Alternative Energy, Energy, Utilities, Electric Bond and Share Company v. Securities and Exchange Commission, Solar power in Wisconsin, Security (finance), NYSE, Light, Holding company

The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 63 cents per share of common stock.

Key Points: 
  • The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 63 cents per share of common stock.
  • On an annual basis, the dividend is equivalent to $2.52 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, 2021.
  • 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 4

Retrieved on: 
Thursday, October 7, 2021
Alternative Energy, Energy, Other Energy, Utilities, Interest, Controller, Webcast, Minnesota, Senior, NYSE, Light, View, Solar power in Wisconsin, Management

ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Thursday, November 4, 2021.

Key Points: 
  • ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Thursday, November 4, 2021.
  • Interested parties may listen to the conference live by calling (877) 303-5852 using passcode 8090438, or by accessing the webcast on ALLETEs website, www.allete.com .
  • A replay of the call will be available through November 11, 2021, by dialing (855) 859-2056, conference identification number 8090438.
  • ALLETE is an energy company headquartered in Duluth, Minn.

Charlene A. Thomas Named to ALLETE Board of Directors

Retrieved on: 
Tuesday, October 5, 2021
Alternative Energy, Energy, Utilities, Light, National Urban League, Psychology, Security (finance), Transport, Electric Bond and Share Company v. Securities and Exchange Commission, Solar power in Wisconsin, Multimedia, Culture, United Parcel Service, Strategic planning, Leadership, UPS, United Way, Temple University, Big Brothers Big Sisters, NYSE, Management

ALLETE Inc.s (NYSE: ALE) board of directors has elected Charlene A. Thomas, chief diversity, equity and inclusion officer for United Parcel Service Inc. (NYSE: UPS), to serve on the board effective Oct. 4, 2021.

Key Points: 
  • ALLETE Inc.s (NYSE: ALE) board of directors has elected Charlene A. Thomas, chief diversity, equity and inclusion officer for United Parcel Service Inc. (NYSE: UPS), to serve on the board effective Oct. 4, 2021.
  • Before being named chief diversity, equity and inclusion officer in early 2021, Thomas served as chief human resources officer and led innovative initiatives to optimize the talent, leadership and culture for the companys more than 540,000 employees worldwide.
  • We are very pleased to welcome Charlene to the board, said ALLETE Chair, President and CEO Bethany Owen.
  • Thomas holds a bachelor of arts degree in psychology from Temple University and a masters in business administration from Eastern University.

ALLETE Announces Third Partner in Nemadji Trail Energy Center Project

Retrieved on: 
Tuesday, September 28, 2021
Energy, Other Energy, Utilities, Oil, Gas, Minnesota Public Utilities Commission, NTEC, Review, Light, Environmental issues, Public Service Commission, Security (finance), Sale, Wind, Electric Bond and Share Company v. Securities and Exchange Commission, Solar power in Wisconsin, Carbon, Ownership, Public Service Commission of Wisconsin, Combined cycle power plant, NYSE, Renewable energy

ALLETE, Inc. (NYSE:ALE) - announced today it is selling a portion of its ownership stake in the planned Nemadji Trail Energy Center (NTEC) to North Dakota-based Basin Electric Power Cooperative for approximately $20 million.

Key Points: 
  • ALLETE, Inc. (NYSE:ALE) - announced today it is selling a portion of its ownership stake in the planned Nemadji Trail Energy Center (NTEC) to North Dakota-based Basin Electric Power Cooperative for approximately $20 million.
  • Basin Electric will become a 30 percent owner in the facility through its wholly owned subsidiary Nemadji River Generation LLC.
  • ALLETE will retain a 20 percent ownership stake in the NTEC project through its subsidiary South Shore Energy LLC, with an expected total investment by ALLETE of approximately $140 million.
  • We need reliable, modern energy sources such as NTEC to provide sustainable energy for our region and economy.

ALLETE, Inc. Reports Second Quarter Earnings of 53 Cents Per Share

Retrieved on: 
Wednesday, August 4, 2021
Alternative Energy, Energy, Utilities, Net income, Profit

ALLETE, Inc. (NYSE: ALE) today reported second quarter 2021 earnings of 53 cents per share on net income of $27.9 million.

Key Points: 
  • ALLETE, Inc. (NYSE: ALE) today reported second quarter 2021 earnings of 53 cents per share on net income of $27.9 million.
  • Last years results were 39 cents per share on net income of $20.1 million.
  • Results in the second quarter of 2020 included an $8.3 million after tax-charge, or 16 cents per share, for the Minnesota Power rate case resolution.
  • ALLETE Clean Energy recorded second quarter 2021 net income of $5.1 million compared to $4.0 million in 2020.