News: Allete, Inc. (ALE.N)

ALE.N on New York Stock Exchange

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Wed, Aug 5 2009

US utilities post Q2 profits; cautious about recovery

(Reuters) - Utilities El Paso Electric Co , Allete Inc and Avista Corp reported strong second-quarter profits as lower costs helped offset the decline in electricity demand, but the companies remained guarded about their outlook for the remainder of 2009.

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WRAPUP 1-US utilities post Q2 profits; cautious about recovery

* El Paso, PG&E, Avista shares down, Allete trading up

U.S. power use tumbling with recession

NEW YORK/HOUSTON (Reuters) - U.S. electricity demand will continue to shrink in 2009 as the economic meltdown hits industrial power consumption, but a rebound could come in 2010.

U.S. power use tumbling with recession

NEW YORK/HOUSTON (Reuters) - U.S. electricity demand will continue to shrink in 2009 as the economic meltdown hits industrial power consumption, but a rebound could come in 2010.

UPDATE 1-Delphi Financial sees strong 2009 profit, shares up

Feb 12 (Reuters) - Employee-insurance provider Delphi Financial Group Inc forecast 2009 operating earnings above analysts' estimates, sending shares up as much as 15 percent.

TEXT-S&P revises ALLETE outlook to negative

(The following statement was released by the rating agency)

Allete to buy power line to add wind, cut coal

NEW YORK (Reuters) - Allete Inc's Minnesota Power subsidiary agreed to buy a power transmission line from Square Butte Electric Co-op for about $80 million which will transport wind energy from the plains of North Dakota to Minnesota, the company said in a release Monday.

TEXT-Moody's release on Allete Inc

(The following statement was released by the rating agency)

UPDATE 1-Allete to buy power line, build wind to reduce CO2

NEW YORK, May 13 (Reuters) - Allete Inc's Minnesota Power subsidiary agreed to buy a power line in North Dakota, phase out a contract to buy coal-based electricity, and add hundreds of megawatts of wind to reduce its carbon emissions, the company said in a release Tuesday.

Allete to buy power line, build wind to reduce CO2

NEW YORK, May 13 (Reuters) - Allete Inc's Minnesota Power subsidiary proposed to buy a power line in North Dakota, phase out a contract to buy coal-based electricity and add hundreds of megawatts of wind to reduce its carbon emissions, the company said in a release Tuesday.

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