ALLETE Inc

Overview

ALLETE Inc (ALLETE) is an energy company, with interests in mining facilities, electricity generation, transmission and distribution assets, and water management businesses. The company generates electricity using coal, natural gas, biomass, hydro, wind, and solar, and procures energy through power purchase agreements and market purchases. ALLETE provides electric services on retail and wholesale basis. It develops, acquires, and operates clean and renewable energy projects. Through long-term power sales agreements, ALLETE also develops wind energy facilities to operate or for sale to third-parties. The company offers integrated water management solutions for the biofuel, commercial and institutional, power generation, food and beverage, light manufacturing, and midstream oil and gas industries. ALLETE is headquartered in Duluth, Minnesota, the US.
Key Stats
Address
30 W SUPERIOR ST, DULUTH, Minnesota
Headquarters

United States of America

Contact

1 218 2795000

Website
www.allete.com
No of Employees

1,331

Industry

Power

Ticker Symbol & Exchange​

ALE [NYSE]

Revenue (2020)

$1,169 m

-5.8% (2020 vs 2019)
Net Income (2020)

$174 m

-6.3% (2020 vs 2019)
Net Profit Margin

15 %

-0.4% (2020 vs 2019)
Market Cap *

$3,497 m

EPS *

$3.4

  *Note: Ratios based on the share price as of 8-September-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters ALLETE IncAvangrid IncAlliant Energy CorpBlack Hills Corp
Key Information
Headquarters United States of America United States of America United States of America United States of America
Headquarter City DULUTH ORANGE MADISON RAPID CITY
Headquarter State/Province Minnesota Connecticut Wisconsin South Dakota
No. of Employees 1,331 7,031 3,375 3,011
Entity Type Public Public Public Public

Products & Services

ALLETE is a provider of energy services. Key products and services of the company include the following:

Products
  • Electricity
  • Natural Gas
Services
  • Clean Water Supply
  • Natural Gas Transmission and Distribution
  • Power Transmission
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
Bethany M. Owen Chief Executive Officer; President; Chairman Executive Board 2021 - Ms. Bethany M. Owen has been the Chairman of the company since 2021. She also serves as Chief Executive Officer,...
Robert J. Adams Senior Vice President; Chief Financial Officer Senior Management 2017 57 Mr. Robert J. Adams has been the Chief Financial Officer and Senior Vice President (SVP) of ALLETE since March 2017....
Steven W. Morris Controller; Chief Accounting Officer; Vice President Senior Management 2016 58 Mr. Steven W. Morris has been the Vice President, Controller, and Chief Accounting Officer of ALLETE since December 2016. Prior...
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History

Year Event Description
2021 Divestiture In February, the company's subsidiary ALLETE Clean Energy to Sell Repowered Wind Site to Xcel…
2020 Asset Purchase In March, the company's subsidiary ALLETE Clean Energy purchased the 303 MW Caddo Wind project…
2020 Contracts/Agreements In December, the company's subsidiary ALLETE Clean Energy entered into a sale agreement with McDonald’s…
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2019 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
2018 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam

Locations


ALLETE Water Services, Inc.

Address

30 West Superior Street, Duluth
United States of America

Telephone

1 218 7202502

Superior Water, Light and Power Company

Address

2915 Hill Avenue, P O Box 519, Superior
United States of America

Telephone

1 715 3942200

Website

www.swlp.com
BNI Energy Inc

Address

PO Box 897, 1637 Burnt Boat Drive, Bismarck
United States of America

Telephone

1 701 3555500

Website

www.bnienergy.com
BNI Coal Ltd

Address

P.O. Box 897, 1637 Burnt Boat Drive, Bismarck
United States of America

Telephone

1 701 3555500

Website

www.bnicoal.com
Minnesota Power Inc

Address

30 West Superior Street, Duluth
United States of America

Telephone

1-800-228-4966

Website

www.mnpower.com
ALLETE Clean Energy Inc

Address

Suite 200, 30 W Superior Street, Duluth
United States of America

Telephone

1 218 3553232

Website

alletecleanenergy.com

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target
07 Jan 2021 ALLETE Completes Tax Equity Financing of USD350 Million for Diamond Spring and Nobles 2 Wind Plant in US Asset Transaction Bank of America Corp; ALLETE Inc; FNBC Leasing Corp
08 Feb 2019 Kurita Water Industries Completes Acquisition of U.S. Water Services from ALLETE for USD270 Million Acquisition Kurita Water Industries Ltd U.S. Water Services, Inc.
01 Aug 2016 Allete Files Shelf Registration Statement for Public Offering of Shares and Bonds Equity Offering ALLETE Inc
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25 Feb 2014 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit
17 Feb 2010 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit

Jobs Overview

13

Active Jobs

17

Posted

14

Closed

Job Trends

Latest Jobs

Job title Company Country
Control Room Operator - HREC (2 openings) ALLETE Inc United States
O&M Tech Senior ALLETE Inc United States
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Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar