ALLETE Inc - Company Profile
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ALLETE Inc (ALLETE) is an energy company with a diverse portfolio of operations. The company's main activities include mining facilities, electricity generation, transmission and distribution assets and water management businesses. The company generates electricity using various sources such as coal, natural gas, biomass, hydro, wind, and solar and procures energy through power purchase agreements and market purchases. ALLETE provides electric services on both a retail and wholesale basis, and develops, acquires, and operates clean and renewable energy projects. Through long-term power sales agreements, ALLETE also develops wind energy facilities to operate or for sale to third parties. The company caters its services to a wide range of industries including biofuel, commercial and institutional, power generation, food and beverage, light manufacturing, and midstream oil, and gas industries. ALLETE is headquartered in Duluth, Minnesota, the US.
Headquarters
United States of America
Address
30 W Superior St, Duluth, Minnesota, 55802-2191
Website
www.allete.com
Telephone
1 218 2795000
No of Employees
1,597
Industry
Power
Revenue (2024)
$1.5B
ALLETE Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Clean Water Supply |
| Natural Gas | Natural Gas Transmission and Distribution |
| Power Transmission | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Ownership Changes | In December, the company was acquired by Canada Pension Plan Investment Board and Global Infrastructure Partners. |
| 2024 | Contracts/Agreements | In October, the company's subsidiary Minnesota Power had an agreement with stakeholders on a lower rate increase approved by the Minnesota Public Utilities Commission. |
| 2024 | Plans/Strategy | In September, the company's subsidiary Minnesota Power plans two large solar projects in northern Minnesota as part of its EnergyForward strategy for carbon-free energy. |
Competitor Comparison
| Key Parameters | ALLETE Inc | Avangrid Inc | Alliant Energy Corp | Black Hills Corp | Idacorp Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Duluth | Orange | Madison | Rapid City | Boise |
| State/Province | Minnesota | Connecticut | Wisconsin | South Dakota | Idaho |
| No. of Employees | 1,597 | 7,999 | 2,948 | 2,795 | 2,174 |
| Entity Type | Private | Private | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Bethany M. Owen | Chairman; Chief Executive Officer; President | Executive Board | 2021 | 59 |
| Jeffrey J. Scissons | Chief Financial Officer; Treasurer; Vice President | Senior Management | 2025 | 48 |
| Colin Anderson | Vice President; Controller; Chief Accounting Officer | Senior Management | 2025 | - |
| Julie L. Padilla | Vice President; Secretary; Chief Legal Officer | Senior Management | 2024 | 49 |
| Nicole R. Johnson | Vice President; President - ALLETE Clean Energy | Senior Management | 2022 | 50 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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