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ALLETE, Inc. (ALE)

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63.00 -0.03 (-0.05%)
At close: June 14 at 4:00 PM EDT
63.00 0.00 (0.00%)
After hours: June 14 at 5:29 PM EDT

Key Executives

Amounts are as of December 31, 2023 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 USD.
NameTitlePayExercisedYear Born
Ms. Bethany M. Owen Chair, CEO & President 2.54M -- 1966
Mr. Steven Wayne Morris Senior VP & CFO 1.09M -- 1962
Mr. Vincent J. Meyer Vice President of Investor Relations -- -- --
Julie L. Padilla VP, Chief Legal Officer & Secretary -- -- --
Mr. Patrick L. Cutshall C.F.A., CPA VP & Corporate Treasurer 502.05k -- 1965
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 -- -- --

ALLETE, Inc.

30 West Superior Street
Duluth, MN 55802-2093
United States
218 279 5000 https://www.allete.com
Sector: 
Utilities
Full Time Employees: 
1,544

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.

Corporate Governance

ALLETE, Inc.’s ISS Governance QualityScore as of June 1, 2024 is 1. The pillar scores are Audit: 5; 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

August 6, 2024 at 12:30 PM UTC - August 12, 2024 at 12:30 PM UTC

ALLETE, Inc. Earnings Date

Recent Events

June 14, 2024 at 12:00 AM UTC

DEFA14A: Proxy Statements

June 1, 2024 at 12:00 AM UTC

Dividend Date

May 20, 2024 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

May 17, 2024 at 12:00 AM UTC

DEFA14A: Proxy Statements

May 14, 2024 at 12:00 AM UTC

Ex-Dividend Date

May 9, 2024 at 12:00 AM UTC

10-Q: Periodic Financial Reports

May 6, 2024 at 12:00 AM UTC

DEFA14A: Proxy Statements

March 28, 2024 at 12:00 AM UTC

DEF 14A: Proxy Statements

March 20, 2024 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

February 20, 2024 at 3:00 PM UTC

Q4 2023 Earnings Call

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