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ALLETE, Inc. (AEBA.F)

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59.50
+0.50
+(0.85%)
At close: April 4 at 9:55:02 PM GMT+2

Key Executives

Amounts are as of December 31, 2024 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.
NameTitlePayExercisedYear Born
Ms. Bethany M. Owen Chair, CEO & President 2.12M -- 1966
Mr. Vincent J. Meyer Vice President of Investor Relations -- -- --

ALLETE, Inc.

30 West Superior Street
Duluth, MN 55802-2093
United States
218 279 5000 https://www.allete.com
Sector: 
Utilities
Full Time Employees: 
1,564

Description

ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar. The company also provides regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers in Minnesota; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. In addition, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Further, the company focuses on acquiring, developing, and operating clean and renewable energy projects; and owns, develops, and operates approximately 1,600 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 154 substations with a total capacity of 10,647 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.

Corporate Governance

ALLETE, Inc.’s ISS Governance QualityScore as of April 1, 2025 is 1. The pillar scores are Audit: 4; Board: 3; Shareholder Rights: 2; Compensation: 1.
Corporate governance scores courtesy of Institutional Shareholder Services (ISS) Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.

Upcoming Events

May 7, 2025 at 12:30 PM UTC - May 12, 2025 at 12:30 PM UTC

ALLETE, Inc. Earnings Date

Recent Events

February 14, 2025 at 12:00 AM UTC

Ex-Dividend Date