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ALLETE Inc

65.25
+0.06000.09%
Volume:160.29K
Turnover:10.46M
Market Cap:3.78B
PE:21.05
High:65.34
Open:65.10
Low:65.10
Close:65.19
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Company Profile

Company Name:
ALLETE Inc
Exchange:
NYSE
Establishment Date:
1906
Employees:
1590
Office Location:
30 West Superior Street,Duluth,Minnesota,United States
Zip Code:
55802-2093
Fax:
- -
Introduction:
ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. In addition, the company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It owns and operates 162 substations with a total capacity of 9,980 megavolt amperes. The company serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

Directors

Name
Position
Bethany M. Owen
Chair, President and Chief Executive Officer and Director
Barbara A. Nick
Director
Charlene A. Thomas
Director
Douglas C. Neve
Director
George G. Goldfarb
Director
Heidi E. Jimmerson
Director
James J. Hoolihan
Director
Kathryn W. Dindo
Director
Madeleine W. Ludlow
Director
Robert P. Powers
Director
Susan K. Nestegard
Director

Shareholders

Name
Position
Bethany M. Owen
Chair, President and Chief Executive Officer and Director
Robert J. Adams
Senior Vice President
Steven W. Morris
Senior Vice President and Chief Financial Officer
Margaret A. Thickens
Vice President, Chief Legal Officer and Corporate Secretary
Nicole R. Johnson
Vice President and Chief Administrative Officer
Patrick L. Cutshall
Vice President and Corporate Treasurer