Allete, Inc. (ALE)

ALLETE, Inc. (NYSEALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to $0.73 per share, a 3.5 percent increase.

ALLETE, Inc. (NYSEALE) announced today that Chief Financial Officer Steven W. Morris will retire later this year after a distinguished nearly 25-year career with the company. In the interim and as part of an orderly succession plan, Morris, 63, will remain with the company until July.

ALLETE, Inc. (NYSEALE) announced that the Federal Energy Regulatory Commission (FERC) approved the company’s proposed transaction with Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP).

NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy (Nasdaq: NWE) is joining new high voltage transmission projects to expand Montana’s grid, meet the state’s increasing energy demand, enhance energy security and create opportunities to serve regional energy needs that will benefit all of our customers.

ALLETE Clean Energy, a wholly owned subsidiary of ALLETE (NYSEALE), has fully contracted the output of its Armenia Mountain Wind site for another seven years through agreements with two customers.

ALLETE, Inc. (NYSEALE) today reported third quarter 2024 earnings of 78 cents per share on net income of $45.0 million. Last year’s third quarter results were $1.49 per share on net income of $85.9 million. Net income for the same quarter in 2023 included approximately 71 cents per share for the favorable arbitration ruling involving a subsidiary of ALLETE Clean Energy. Net income for the third quarter this year included approximately 7 cents per share of transaction expenses related to the merger agreement entered into on May 5, 2024, with Canada Pension Plan Investment Board and Global Infrastructure Partners.

ALLETE Clean Energy, a wholly owned subsidiary of ALLETE, Inc. (NYSEALE), today announced the company has sold the Whitetail wind project in southwestern Wisconsin to Invenergy, with the intent that it be constructed and subsequently sold to WEC Energy Group utilities We Energies and Wisconsin Public Service Corp. (WPS) as well as Madison Gas and Electric Co. (MGE).

The ALLETE, Inc. (NYSEALE) board of directors has declared a quarterly dividend of 70.5 cents per share of common stock.

The Minnesota Public Utilities Commission (MPUC) on Thursday approved a settlement agreement on Minnesota Power’s 2024 electric rate proposal that will lower rates for all customers in early 2025.

ALLETE Inc. (NYSEALE) will announce its financial results for the third quarter before the stock markets open on Wednesday, October 30, 2024.

Minnesota Power, a utility division of ALLETE Inc. (NYSEALE), announced today it plans to build two large solar projects in northern Minnesota as part of its continued transition toward a cleaner energy future while prioritizing regional renewable energy investments.

ALLETE, Inc. (NYSEALE) announced that its shareholders voted today to approve the company’s proposed transaction with Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) at a special meeting of shareholders.

ALLETE (NYSEALE), a co-developer of the North Plains Connector transmission project, applauds the U.S. Department of Energy for its support of the Montana Department of Commerce Grid Resilience and Innovation Partnership application and for the planned approximately 415-mile high-voltage direct-current (HVDC) transmission line from central North Dakota to Colstrip, Montana, through a $700 million grant.

ALLETE, Inc. (NYSEALE) today reported second quarter 2024 earnings of 57 cents per share on net income of $33.0 million. Last year’s second quarter results were 90 cents per share on net income of $51.5 million. Net income for the second quarter this year includes 25 cents per share of transaction expenses related to the merger agreement entered into on May 5, 2024, with Canada Pension Plan Investment Board and Global Infrastructure Partners, and a 4 cent per share negative impact due to mild weather. Net income for the same quarter in 2023 included approximately 8 cents per share for the favorable impact of an updated estimate for property taxes, and ALLETE Clean Energy recorded a 7 cent per share gain on the Red Barn wind generation facility.

NEW YORK, July 27, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

First paragraph, first sentence of release dated July 25, 2024 should read: The ALLETE, Inc. (NYSEALE) board of directors has declared a quarterly dividend of 70.5 cents per share of common stock (instead of The ALLETE, Inc. NYSE:ALENYSEALE)

NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

ALLETE Inc. (NYSEALE) will announce its financial results for the second quarter before the stock markets open on Thursday, August 1, 2024.

NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

BALA CYNWYD, Pa., May 13, 2024 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.

ALLETE, Inc. (NYSEALE) today reported first quarter 2024 earnings of 88 cents per share on net income of $50.7 million. Last year’s first quarter results were $1.02 per share on net income of $58.2 million. Net income in 2024 includes interim rate refund reserves of 7 cents per share due to Minnesota Power’s rate case settlement, a 6 cent per share negative impact due to warmer winter weather, and 2 cents per share of transaction expenses related to the recently announced merger.

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of ALLETE, Inc. (NYSEALE) to Canada Pension Plan Investment Board (“CPP”) and Global Infrastructure Partners (“GIP”). Under the terms of the proposed transaction, shareholders of ALLETE will receive $67.00 in cash for each share of ALLETE that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

BALA CYNWYD, Pa., May 06, 2024 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.