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ALLETE Inc (ALE.N)

ALE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Montana-Dakota Utilities Signs Agreement To Purchase North Dakota Wind Farm Expansion
Thursday, 1 Mar 2018 08:30am EST 

March 1 (Reuters) - Mdu Resources Group Inc ::MONTANA-DAKOTA UTILITIES SIGNS AGREEMENT TO PURCHASE NORTH DAKOTA WIND FARM EXPANSION.MONTANA-DAKOTA UTILITIES CO SAYS PROJECT'S COST IS ABOUT $85 MILLION AND IS EXPECTED TO BE ONLINE IN LATE 2018​.  Full Article

Allete Clean Energy To Sell Phase II Of Thunder Spirit Wind Farm To Montana-Dakota Utilities
Thursday, 1 Mar 2018 08:30am EST 

March 1 (Reuters) - Allete Inc ::PRESS RELEASE - ALLETE CLEAN ENERGY TO SELL PHASE II OF THUNDER SPIRIT WIND FARM TO MONTANA-DAKOTA UTILITIES.ALLETE CLEAN ENERGY TO SELL PHASE II OF THUNDER SPIRIT WIND FARM TO MONTANA-DAKOTA UTILITIES.ALLETE INC - ABOUT $85 MILLION SALE EXPECTED TO CLOSE WHEN ALLETE CLEAN ENERGY'S DEVELOPMENT OF SITE, SCHEDULED TO BEGIN IN MAY 2018, IS COMPLETE​.  Full Article

Allete Sees FY 2018 EPS of $3.20 To $3.50
Thursday, 15 Feb 2018 06:32am EST 

Feb 15 (Reuters) - Allete Inc ::SEES FY 2018 EARNINGS PER SHARE $3.20 TO $3.50.ALLETE SAYS 2018 EARNINGS GUIDANCE INCLUDES ABOUT $0.10/SHARE OF ANTICIPATED BENEFIT FROM U.S. TAX REFORM - SEC FILING.  Full Article

Allete Reports Qtrly Earnings Per Share $0.81
Thursday, 15 Feb 2018 06:30am EST 

Feb 15 (Reuters) - Allete Inc ::ALLETE, INC. REPORTS 2017 EARNINGS OF $3.38 PER SHARE; INITIATES 2018 EARNINGS GUIDANCE; EXPECTS SIGNIFICANT GROWTH FROM NON-REGULATED BUSINESSES.SEES FY 2018 EARNINGS PER SHARE $3.20 TO $3.50.QTRLY EARNINGS PER SHARE $0.81.QTRLY TOTAL OPERATING REVENUE $337.9 MILLION VERSUS $341.5 MILLION.Q4 EARNINGS PER SHARE VIEW $0.73 -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $3.52 -- THOMSON REUTERS I/B/E/S.  Full Article

Allete Board Raises Quarterly Common Stock Dividend And Long-Term Growth Outlook
Wednesday, 24 Jan 2018 06:30am EST 

Jan 24 (Reuters) - Allete Inc ::ALLETE BOARD OF DIRECTORS RAISES QUARTERLY COMMON STOCK DIVIDEND AND LONG-TERM GROWTH OUTLOOK.ALLETE INC - INCREASED QUARTERLY DIVIDEND ON COMPANY'S COMMON STOCK TO 56 CENTS PER SHARE, AN INCREASE OF 4.7 PERCENT.ALLETE INC - UPWARD REVISING STATED ANNUAL AVERAGE LONG-TERM EARNINGS GROWTH OUTLOOK FROM A 'MINIMUM OF 5 PERCENT' TO A 'RANGE OF 5-7 PERCENT.  Full Article

Allete Inc reports Q3 earnings per share of $0.88
Wednesday, 1 Nov 2017 06:30am EDT 

Nov 1 (Reuters) - Allete Inc :Allete Inc reports third quarter results; reaffirms 2017 earnings guidance.Sees FY 2017 earnings per share $3.15 to $3.40 excluding items.Q3 earnings per share $0.88.Q3 revenue $362.5 million.Q3 earnings per share view $0.94 -- Thomson Reuters I/B/E/S.Allete Inc - ‍remain on track to meet full-year earnings targets​.Allete-Sees 2017 EPS of $3.15 to $3.40 , excluding impact of MPUC's modification of Nov 2016 order on allocation of north Dakota investment tax credits​.FY2017 earnings per share view $3.36 -- Thomson Reuters I/B/E/S.  Full Article

Allete board declares quarterly dividend of 53.5 cents per share
Wednesday, 25 Oct 2017 06:30am EDT 

Oct 25 (Reuters) - Allete Inc -:Allete board of directors declares dividend on common stock.Allete Inc - ‍board of directors has declared a quarterly dividend of 53.5 cents per share of common stock​.  Full Article

U.S. Water expands integrated offerings and applications
Friday, 8 Sep 2017 07:30am EDT 

Sept 8 (Reuters) - Allete Inc ::U.S. Water expands its integrated offerings and applications with acquisition.‍U.S. Water Services Inc -acquisition of Tonka Water will allow U.S. Water to expand its integrated water treatment equipment offerings, applications​.  Full Article

Allete subsidiary U.S. Water acquires Tonka Water
Friday, 8 Sep 2017 06:30am EDT 

Sept 8 (Reuters) - Allete Inc :Allete subsidiary U.S. Water acquires Tonka Water, a minnesota-based supplier of water treatment systems.  Full Article

Allete Clean Energy announces $80 mln turbine refurbishment initiative
Wednesday, 2 Aug 2017 02:00pm EDT 

Aug 2 (Reuters) - Allete Clean Energy::Allete Clean Energy announces $80 million turbine refurbishment initiative.Announced a strategic initiative to refurbish 385 wind turbines at three wind farms in Minnesota and Iowa​.‍Refurbishment will be staged from 2017 through 2020 to minimize turbine downtime, maximize safe energy production at each site​.‍Also announced agreement with Montana-Dakota utilities in January to expand thunder spirit wind farm in Hettinger, North Dakota​.Working to recontract balance of storm Lake I and II power sale agreements which expire in 2019​.MDU signed a 25-year power sale agreement with Allete Clean Energy to purchase energy from expansion.MDU also has an option to buy as it did with first phase of thunder spirit.  Full Article

BRIEF-Allete Inc Qtrly Earnings Per Share $0.99

* FOR THREE MONTHS ENDED MARCH 31, TOTAL OPERATING REVENUE WAS $358.2 MILLION VERSUS $365.6 MILLION - SEC FILING