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GIP and CPP near $5bn deal for utility group Allete - US power utility Allete explores sale
ALLETE
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ShareKey facts
- city: Duluth
- state: MN
- country: United States
- sector: Utilities
- foundation year: 1906
- industry: Multi-Utilities
- CEO: Bethany M. Owen
- CEO gender: Female
Classified as: organization
Summary
ALLETE is a company. It is located in Duluth, the United States and was founded in 1906. The company is part of the Utilities sector, specifically in the Multi-Utilities industry.
Business
ALLETE is one of the companies in the United States, companies in Multi-Utilities, companies in Utilities and 3,466,499 companies in our database.
- Assets: 6.4B $
- Debt: 2B $
- Employees: 1,346 people
- Free cash flow: -284300000 $
- Market cap: 3.2B $
- Profits: 169.2M $
- Revenues: 1.5B $
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Talking Points:
- Welcome | ALLETE, Inc.
- ALLETE delivers affordable, reliable energy services in the Upper Midwest, owns a lignite mine in North Dakota and has investments in real estate and the America Transmission Co.
- ALLETE (NYSE:ALE) is a reliable provider of competitively-priced energy in upper Midwest & in energy-centric businesses. | ALLETE is well-positioned as a reliable provider of competitively-priced energy in the upper Midwest, and has a strategic investment in the American Transmission Company. ALLETE's Minnesota Power electric utility serves 144000 ...
- 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. 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 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It 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.
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