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ALLETE Inc (ALE.N)

ALE.N on New York Stock Exchange

82.49USD
24 May 2019
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$-0.20 (-0.24%)
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Latest Key Developments (Source: Significant Developments)

Apex Clean Energy Announces Sale Of Diamond Spring Wind Including Power Purchase Agreements With Fortune 500 Corporations
Friday, 3 May 2019 

May 6 (Reuters) - ALLETE Inc ::APEX CLEAN ENERGY ANNOUNCES SALE OF DIAMOND SPRING WIND INCLUDING POWER PURCHASE AGREEMENTS WITH FORTUNE 500 CORPORATIONS.APEX CLEAN ENERGY - SALE OF DIAMOND SPRING WIND TO ALLETE CLEAN ENERGY.  Full Article

Press Release - Allete Clean Energy To Sell Wind Power To Two Large Fortune 500 Companies
Friday, 3 May 2019 

May 6 (Reuters) - ALLETE Inc ::PRESS RELEASE - ALLETE CLEAN ENERGY TO SELL WIND POWER TO TWO LARGE FORTUNE 500 COMPANIES.ALLETE INC - VENTURE INCLUDES NEW OKLAHOMA WIND FARM, TWO LONG-TERM POWER SALES AGREEMENTS.ALLETE INC - WILL BUILD, OWN, OPERATE AND SELL WIND POWER FROM SITE TO TWO COMPANIES UNDER 15-YEAR POWER SALES AGREEMENTS..  Full Article

Allete Inc Reports Qtrly Earnings Per Share $1.18
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - ALLETE Inc ::ALLETE, INC. REPORTS 2018 EARNINGS OF $3.38 PER SHARE; INITIATES 2019 EARNINGS GUIDANCE; 2019 TO BE A SIGNIFICANT YEAR OF RENEWABLE ENERGY PROJECTS.QTRLY EARNINGS PER SHARE $1.18.QTRLY TOTAL OPERATING REVENUE $448.3 MILLION VERSUS $337.9 MILLION.Q4 EARNINGS PER SHARE VIEW $1.13 -- REFINITIV IBES DATA.  Full Article

Allete Inc Says Initiated Its 2019 Earnings Guidance Range Of $3.50 To $3.80 Per Share
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - ALLETE Inc ::SAYS INITIATED ITS 2019 EARNINGS GUIDANCE RANGE OF $3.50 TO $3.80 PER SHARE - SEC FILING.REAFFIRM LONG-TERM OBJECTIVE OF ACHIEVING AVERAGE ANNUAL EARNINGS PER SHARE GROWTH OF FIVE TO SEVEN PERCENT..FY2019 EARNINGS PER SHARE VIEW $3.60 -- REFINITIV IBES DATA.CAPITAL INVESTMENTS, WITH MINNESOTA POWER'S PORTION OF ANTICIPATED EXPENDITURES ESTIMATED AT APPROXIMATELY $127 MILLION IN 2019.ALLETE CLEAN ENERGY EXPECTS APPROXIMATELY 1.5 MILLION MWH IN TOTAL WIND GENERATION IN 2019.  Full Article

Allete Announces Sale Of U.S. Water Services To Kurita Water Industries
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Allete Inc ::ALLETE INC. ANNOUNCES SALE OF U.S. WATER SERVICES, INC. TO GLOBAL WATER MANAGEMENT COMPANY.DEAL FOR $270 MILLION.ENTERED INTO STOCK PURCHASE AGREEMENT PROVIDING FOR SALE OF U.S. WATER SERVICES, INC TO KURITA WATER INDUSTRIES LTD.  Full Article

Bethany Owen Named President Of Allete
Monday, 4 Feb 2019 

Feb 4 (Reuters) - ALLETE Inc ::BETHANY OWEN NAMED PRESIDENT OF ALLETE.ALLETE INC - BOARD OF DIRECTORS HAS ELECTED BETHANY OWEN PRESIDENT OF ALLETE.ALLETE INC - AL HODNIK REMAINS CHAIRMAN AND CEO OF ALLETE.  Full Article

ALLETE Inc - Entered Into An Amended And Restated $400 Mln Credit
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - ALLETE Inc ::ALLETE INC - ENTERED INTO AN AMENDED AND RESTATED $400 MILLION CREDIT AGREEMENT WITH JPMORGAN CHASE BANK, N.A. - SEC FILING.ALLETE INC - CREDIT AGREEMENT IS UNSECURED & HAS A MATURITY DATE OF JANUARY 10, 2024.ALLETE INC - CREDIT AGREEMENT AMENDS AND RESTATES ALLETE'S $400 MILLION CREDIT FACILITY DATED AS OF NOVEMBER 4, 2013.  Full Article

Allete Signs Partnership With Tenaska's Unit For A Wind Energy Facility
Thursday, 27 Dec 2018 

Dec 27 (Reuters) - ALLETE Inc ::ALLETE INC - ENTERED INTO AN EQUITY PARTNERSHIP WITH UNIT OF TENASKA INC FOR A 250* MW NOBLES 2 WIND ENERGY FACILITY - SEC FILING.ALLETE INC - ESTIMATED PROJECT COST OF APPROXIMATELY $350 MILLION TO $400 MILLION..ALLETE INC - UNIT WILL OWN A 49 PERCENT MINORITY EQUITY INVESTMENT IN NOBLES 2 POWER PARTNERS LLC.ALLETE INC - THE WIND ENERGY FACILITY IS EXPECTED TO BE COMPLETED IN OCTOBER 2020.  Full Article

Allete Inc Quarterly Earnings Per Share $0.59
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - ALLETE Inc ::ALLETE INC QUARTERLY EARNINGS PER SHARE $0.59.ALLETE INC QUARTERLY TOTAL OPERATING REVENUE $348.0 MILLION VERSUS $362.5 MILLION.ALLETE INC SAYS CAPITAL EXPENDITURES FOR 2018 AND 2019 ARE EXPECTED TO BE APPROXIMATELY $350 MILLION AND $470 MILLION, RESPECTIVELY.ALLETE INC SAYS ON TRACK TO DELIVER FULL-YEAR FINANCIAL RESULTS THAT NEAR MID-POINT OF ORIGINAL 2018 EPS GUIDANCE RANGE OF $3.20 TO $3.50.  Full Article

Allete Inc Reports Q2 Results, Reaffirms FY Guidance
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - ALLETE Inc ::ALLETE, INC. REPORTS SECOND QUARTER 2018 EARNINGS; REAFFIRMS EARNINGS GUIDANCE.SEES FY 2018 EARNINGS PER SHARE $3.20 TO $3.50.Q2 EARNINGS PER SHARE $0.61.REMAIN CONFIDENT IN OUR FULL YEAR 2018 EARNINGS GUIDANCE RANGE OF $3.20 TO $3.50 PER SHARE.QTRLY TOTAL OPERATING REVENUE $344.1 MILLION VERSUS $353.3 MILLION.  Full Article