Minnesota-based ALLETE Inc. is an energy company that generates electricity from a variety of sources including coal-fired, biomass co-fired and natural gas, hydroelectric, wind, and solar. Its operations are categorized into Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. The company serves approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers in northwestern Wisconsin. In northeastern Minnesota, ALLETE provides regulated utility electric services to around 150,000 retail customers and 14 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. As part of its commitment to renewable energy, the company operates approximately 1,300 megawatts of wind energy generation facilities. Additionally, it is involved in coal mining operations in North Dakota and real estate investment in Florida. ALLETE owns and operates a total of 162 substations with a total capacity of 10,116 megavolt amperes, serving industries such as taconite mining, paper, pulp and secondary wood products, pipeline and others. Formerly known as Minnesota Power, Inc., the company was incorporated in 1906 and changed its name to ALLETE, Inc. in May 2001.
ALLETE's ticker is ALE
The company's shares trade on the NYSE stock exchange
They are based in Duluth, Minnesota
There are 1001-5000 employees working at ALLETE
It is allete.com
ALLETE is in the Utilities sector
ALLETE is in the Diversified Utilities industry
The following five companies are ALLETE's industry peers: