Key Developments: ALLETE Inc (ALE)

ALE on New York Consolidated

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20 Apr 2015
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Latest Key Developments (Source: Significant Developments)

ALLETE Inc reaffirms FY 2015 EPS guidance - Conference Call
Tuesday, 17 Feb 2015 03:00pm EST 

ALLETE Inc:Says earnings guidance for FY 2015 remains at a range of between $3 and $3.20 per share.  Full Article

ALLETE Inc to acquire U.S. Water Services, Inc
Tuesday, 27 Jan 2015 08:00am EST 

ALLETE Inc:Signs a definitive agreement to purchase U.S. Water Services, Inc.To initially purchase 87 pct of U.S. Water for $168 mln, based on a total implied enterprise value of $194 mln.To purchase the remaining 13 pct interest in the future for a contingent amount based on U.S. Water's future earnings.Transaction is expected to close upon satisfaction of customary closing conditions, including compliance with Hart-Scott-Rodino antitrust clearing requirements.  Full Article

ALLETE Inc raises quarterly stock dividend
Friday, 23 Jan 2015 08:30am EST 

ALLETE Inc:Increases the quarterly dividend on the company's common stock to 50.5 cents per share, an increase of 3.1 percent.On an annual basis, the increased dividend is equivalent to $2.02 per share.Regular quarterly dividend is payable March 1 to common shareholders of record at the close of business Feb. 16.  Full Article

ALLETE Inc's ALLETE Clean Energy finalizes agreement to develop wind power and sell to Montana-Dakota Utilities
Monday, 24 Nov 2014 08:30am EST 

ALLETE Inc:ALLETE Clean Energy, subsidiary of ALLETE, Inc, has finalized development agreement with Montana-Dakota Utilities, a division of MDU Resources Group (MDU).ALLETE Clean Energy (ACE) acquired rights to develop wind farm near Hettinger, N.D., about 100 miles southwest of Bismarck.ACE will develop and construct 107 Megawatt (MW) wind farm on site using 43 turbines.The project will then be sold to Montana-Dakota for about $200 mln.Montana-Dakota will own and operate the project for use by its utility customers.Construction of project is expected to be completed in Dec. 2015.The purchase is subject to regulatory approvals.In addition to developing this new project with Montana-Dakota, ACE operates wind generation facilities in Minnesota, Iowa, and Oregon.ACE also has an option agreement to acquire from AES Corp. the 101MW Armenia Mountain, Penn., wind farm in mid-2015.  Full Article

ALLETE Inc sees FY 2014 EPS guidance to be in upper half of prior guidance range
Monday, 3 Nov 2014 08:30am EST 

ALLETE Inc:Expects FY 2014 earnings to be in upper half of its stated guidance range of $2.75 to $2.95.FY 2014 EPS of $2.88 - Thomson Reuters I/B/E/S.  Full Article

ALLETE Inc declares dividend on common stock
Thursday, 30 Oct 2014 08:30am EDT 

ALLETE Inc:Declares quarterly dividend of 49 cents per share of common stock.On an annual basis the dividend is equivalent to $1.96 per share, unchanged from the previous quarter.Regular quarterly dividend is payable Dec.1 to common stock shareholders of record at the close of business Nov. 14.  Full Article

ALLETE Inc's division signed MoU
Wednesday, 27 Aug 2014 08:30am EDT 

ALLETE Inc:Says Duluth-based Minnesota Power, division of ALLETE Inc and Minnesota National Guard signed memorandum of understanding.Says MoU outlining plans to build 10-megawatt utility-scale solar energy array at central Minnesota camp.Says project will be largest solar energy installation on military property in state.Says utility will also identify ways to help Camp Ripley reduce its energy usage by 30 pct and install backup generation for energy security.  Full Article

ALLETE Inc reaffirms FY 2014 earnings guidance
Friday, 1 Aug 2014 08:30am EDT 

ALLETE Inc:Says FY 2014 earnings guidance range remains unchanged at $2.75 to $2.95.FY 2014 EPS of $2.87 - Thomson Reuters I/B/E/S.  Full Article

Allete Inc declares dividend on common stock
Thursday, 31 Jul 2014 08:30am EDT 

Allete Inc:Declared a quarterly dividend of 49 cents per share of common stock.Payable Sept. 1 to common stock shareholders of record at the close of business Aug. 15.  Full Article

ALLETE Inc reaffirms FY 2014 earnings guidance
Wednesday, 7 May 2014 08:24am EDT 

ALLETE Inc:Continues to expect FY 2014 earnings guidance of between $2.75 and $2.95 per share, excluding costs associated with the ALLETE Clean Energy acquisition.FY 2014 EPS of $2.86 - Thomson Reuters I/B/E/S.  Full Article

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