ALLETE

ALE · NYSE

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About ALE

ALLETE, Inc. engages in the provision of electric and natural gas utility services. The company is headquartered in Duluth, Minnesota and currently employs 1,597 full-time employees. The firm's segments include Regulated Operations, ALLETE Clean Energy, New Energy and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company, as well as its investment in American Transmission Company LLC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. The ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The New Energy segment is a renewable energy company with a primary focus on developing solar and energy storage facilities for external sale and internal ownership while also offering comprehensive operations, maintenance and asset management services. The Corporate and Other segment is comprised of its investment in Nobles 2, South Shore Energy, BNI Energy, ALLETE Properties and others.

Employees
1,620
Headquarters
Duluth, Minnesota
Listed
May 22, 1981
Sector
Utilities
Industry
Electric Utilities
Website
allete.com

Leadership

ALLETE executives
NameTitleSince
Bethany Owen—2016
Jeffrey Scissons——
Colin Anderson——
Julie Padilla——
Nicole Johnson——
Joshua Skelton——
Susan Nestegard——
George Goldfarb——
Barbara Nick——

Revenue by product and region

Fiscal year ended Dec 31, 2023: $1.88B total revenue

By product

  • Regulated Operations$1.24B65.9%
  • ALLETE Clean Energy$418.50M22.3%
  • Corporate and Other$223.00M11.9%

Suppliers and customers

Price correlation is over one year: 1 means the stocks move together, -1 opposite

ALLETE suppliers and customers
CompanyRelationshipCorrelation
TransAlta Renewables Inc. TRSWFSupplier0.68
NorthWestern NWECustomer0.67
Oshkosh OSKCustomer0.67
WH GroupCustomer0.61
MasTec MTZSupplier0.60
MDU Resources Group, Inc. MDUSupplier0.58
Nordex NDX1.DESupplier0.56
Willdan Group, Inc. WLDNSupplier0.42
General Electric GESupplier0.41
Sappi SAPCustomer0.41

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