ALE
Allete
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ALE Profile
Allete, Inc.
A company that provides regulated electric, gas and water utility services in northeastern MN and northwestern WI
Electric Utilities
Invalid Date
Invalid Date
New York Stock Exchange
1,564
12-31
Common stock
30 West Superior Street, Duluth, Minnesota 55802-2093
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Allete, Inc., was founded in 1991. The company's business includes retail and wholesale activities within the scope of state and federal licensing. Investments and other businesses mainly include: BNI Coal, the company's coal mining business in North Dakota; ALLETE Real Estate, Florida Real Estate Investments; ALLETE Clean Energy, established in June 2011, aims to develop or acquire investment solutions that create energy solutions, such as wind, solar, biomass, hydropower, natural gas/liquefied gas, shale resources, clean coal or other clean and innovative energy. This segment also includes approximately 5,500 acres of land available for sale in Minnesota and proceeds from cash and investments.