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ALLETE Inc (ALE)

ALE on New York Consolidated

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26 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Cliffs Natural Resources announces agreements with Minnesota Power
Tuesday, 24 May 2016 08:00am EDT 

Cliffs Natural Resources Inc : Announces agreements with Minnesota Power . Will receive $31 million dollars in cash as part of long-term purchased power arrangement for its Northshore operation . Has extended regulated power arrangements with Minnesota Power for 10 years at its united taconite and babbitt facilities .Stated that supply agreement will not involve any immediate staff reductions at its silver bay power plant.  Full Article

ALLETE Inc - Norway's $863 billion wealth fund bans 52 coal-linked firms - Reuters News
Thursday, 14 Apr 2016 11:38am EDT 

ALLETE Inc:Norway's $863 billion sovereign wealth fund, said on Thursday it had sold shares in 52 coal-dependent companies from its portfolio as part of a policy to fight climate change.A Reuters calculation showed the stakes sold were worth at least $1 billion at the end of 2014, before the fund started big divestments from coal.The biggest holdings included a $188 million stake in CLP Holdings.The fund listed U.S. firms American Electric Power Co Inc AEP.N, AES Corp AES.N and Allete Inc ALE.N among the firms, along with China Coal Energy Co Ltd 601898.SS and Coal India COAL.NS, the world's biggest coal miner by output.Global coal producer Peabody Energy Corp BTU.N, which filed for bankruptcy on Wednesday, was also on the list.The fund sent letters to the companies, but only five responded, it said in a statement. The fund declined to give an overall value of its divestments so far.The fund has a range of ethics criteria for excluding firms from its portfolio, including severe environmental damage, nuclear weapons making, tobacco production and certain labour conditions.  Full Article

ALLETE Inc Board of Directors Raises Quarterly Common Stock Dividend
Friday, 22 Jan 2016 06:30am EST 

ALLETE Inc:Says board has increased the quarterly dividend on the company's common stock to 52 cents per share, an increase of 3 percent.Regular quarterly dividend is payable March 1 to common shareholders of record at the close of business February 16, 2016.  Full Article

Minnesota Power, a division of ALLETE Signs Decade-Long Contract to Supply Electricity to ArcelorMittal
Tuesday, 24 Nov 2015 06:30am EST 

ALLETE:Minnesota Power, a division of ALLETE, and ArcelorMittal, steelmaker, have agreed to a new 10-year electric service agreement through December 2025 to supply electricity to the steelmaker's Minorca mine near Virginia, Minn.Minnesota Power filed the new contract today with the Minnesota Public Utilities Commission.contract is subject to regulatory approval.  Full Article

ALLETE Inc declares dividend on common stock
Monday, 2 Nov 2015 06:30am EST 

ALLETE Inc:Declared a quarterly dividend of 50.5 cents per share of common stock.Regular quarterly dividend is payable December 1 to common stock shareholders of record date on November 16.  Full Article

ALLETE Inc raises FY 2015 EPS guidance
Tuesday, 4 Aug 2015 08:30am EDT 

ALLETE Inc:Says that FY 2015 guidance has been adjusted upward to a range of $3.20 to $3.40 per share to include ALLETE Clean Energy's expected development fee from MDU transaction.FY 2015 EPS of $3.13 - Thomson Reuters I/B/E/S.  Full Article

ALLETE declares dividend on common stock
Friday, 31 Jul 2015 08:30am EDT 

ALLETE Inc:Declares a quarterly dividend of 50.5 cents per share of common stock.Says regular quarterly dividend is payable Sept. 1 to common stock shareholders of record at the close of business Aug. 14.  Full Article

ALLETE Inc acquires Pennsylvania wind facility
Thursday, 2 Jul 2015 08:30am EDT 

ALLETE Inc:Clean energy acquires Pennsylvania wind facility.Clean energy says ace acquired the wind facility for total of $108 million, plus the assumption of existing debt.Clean energy says exercised an option to purchase the facility on April 1 and signed a purchase agreement with aes on April 30.  Full Article

ALLETE Inc reaffirms FY 2015 EPS guidance - Conference Call
Thursday, 7 May 2015 10:00am EDT 

ALLETE Inc:Says FY 2015 earnings guidance range of $3.00 to $3.20 per share excluding acquisition-related expenses remains unchanged.FY 2015 EPS of $3.16 - Thomson Reuters I/B/E/S.  Full Article

ALLETE declares dividend on common stock
Thursday, 30 Apr 2015 08:30am EDT 

ALLETE Inc:Declares quarterly dividend of 50.5 cents per share of common stock.The regular quarterly dividend is payable June 1 to common stock shareholders of record at the close of business May 15.  Full Article

Brazil's utility Equatorial places bid for Light control -report

SAO PAULO, July 18 Brazil's utility Equatorial Energia SA has placed a bid to acquire electric distribution company Light SA, the blog Brazil Journal reported, without saying how it got the information.