Description: 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.
Home Page: www.allete.com
30 West Superior Street
Duluth,
MN
55802-2093
United States
Phone:
218 279 5000
Officers
| Name | Title |
|---|---|
| Ms. Bethany M. Owen | Chair, CEO & President |
| Mr. Steven Wayne Morris | Senior VP & CFO |
| Mr. Joshua J. Skelton | VP & COO of Minnesota Power |
| Ms. Nicole Renee Johnson | VP & President of Allete Clean Energy |
| Mr. Vincent J. Meyer | Vice President of Investor Relations |
| Ms. Julie L. Padilla | VP, Chief Legal Officer & Secretary |
| Mr. Rob Sandstrom | President of Superior Water, Light & Power |
| Mr. Matthew Hankey | President & CEO of New Energy Equity |
| Mr. Frank Frederickson | Vice President of Customer Experience- Minnesota Power |
Exchange: F
Country: DE : Germany
Currency: Euro (€)
| GIC Sector: | Utilities |
|---|---|
| GIC Group: | Utilities |
| GIC Industry: | Electric Utilities |
| GIC Sub-Industry: | Electric Utilities |
| Forward PE: | 17.3913 |
|---|---|
| Trailing PE: | 20.678 |
| Price-to-Book MRQ: | 1.3187 |
| Price-to-Sales TTM: | 2.2721 |
| IPO Date: | |
| Fiscal Year End: | December |
| Full Time Employees: | 1564 |