DULUTH, Minn.--(BUSINESS WIRE)--Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE), has issued a Request for Proposals (RFP) for up to 400 megawatts of wind energy to come online by the end of 2027, an important milestone in advancing its EnergyForward vision for 100% carbon-free energy. The RFP follows Minnesota Power’s 2021 Integrated Resource Plan approved by the Minnesota Public Utilities Commission, which calls for the company to acquire up to 300 megawatts of solar energy that is being ...

RyanJLane Introduction The utility sector is currently interesting for investors, mainly due to its resilience in volatile markets and the growing emphasis on sustainability and clean energy transformation, which creates a new upside. Unlike sectors susceptible to economic cycles, utilities offer stable returns for essential services and are key players in the transition toward more sustainable energy sources. This stability and the sector's critical role in addressing climate change make it a compellin ...

Sjo/E+ via Getty ImagesInvestment Rundown The action with the stock price of ALLETE Inc (NYSE:ALE) hasn't been that great for the past 12 months. I covered the stock before in late August. Since the writing of that article, the stock has appreciated about 6% in total, which has been an underperformance of the broader markets, like the S&P 500, which has grown over 10% during the same period. ALE continues to trade at quite low multiples making it still an appealing buy for the long-term investor. The co ...

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for 2023 before the stock markets open on Tuesday, February 20, 2024. Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, and Senior Vice President and Chief Financial Officer Steven W. Morris will present an overview of results and other factors related to performance, and discuss 2024 earnings guidance during a conference call beginning at 10 a.m. Eastern time. Interested par ...

ANNAPOLIS, Md., Feb. 7, 2024 /PRNewswire/ -- New Energy Equity, national developer and financier of community and commercial solar projects, has welcomed Jackie Chambers to its leadership team as chief investment officer. Chambers will be responsible for shaping project finance strategy and the execution of monetizing and financing New Energy Equity's pipeline of projects.With 13 years in the solar industry, Chambers brings valuable perspective to New Energy Equity and significant experience in project fina ...

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to $0.705 per share, a 4.1% percent increase. “This dividend increase reflects the ALLETE Board of Directors’ confidence in our growth outlook for ALLETE,” said ALLETE Chair, President and CEO Bethany Owen. “We are pleased to deliver another dividend increase to our shareholders – adding to our track record of more than 74 consecutive years ...

ANNAPOLIS, Md., Jan. 16, 2024 /PRNewswire/ -- New Energy Equity LLC, a national developer of community and commercial solar projects, has donated $200,000 to Folds of Honor through its Lift as We Climb Foundation. New Energy Equity LCC has donated $200,000 to Folds of Honor through its Lift as We Climb Foundation. Post this Pictured from left are Josh Kunkel (president of New Energy Equity), Marine Corps Gunnery Sgt. Paul McQuigg (Folds of Honor speaker), Matt Hankey (CEO and co-founder of New Energy Equ ...

Third Quarter 2023 Earnings Report Presentation November 2, 2023 Cautionary Statements Any statements contained in this presentation and statements that ALLETE, Inc. representatives may make orally in connection with this pres ...

ALLETE, Inc. (NYSE:ALE) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Bethany Owen - Chair, President and CEO Steve Morris - Senior Vice President and Chief Financial Officer Jeff Scissons - Corporate Development and Clean Energy Strategy Officer Frank Frederickson - Minnesota Power’s Vice President, Customer Experience and Engineering Services Conference Call Participants Richard Sunderland - JPMorgan Alex Mortimer - Mizuho Securities Brian Russo - Sidoti Tanner James - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______________ to ______________ Commission File Number 1-3548 ALLETE, Inc. (Exact name of registrant as specified in its charter) Minnesota 41-0418150 (S ...