ALLETE Inc - Company Profile
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ALLETE Inc (ALLETE) is an energy company. Its businesses develop, own, operate, and manage electric utility, renewable energy, distributed solar, coal mining, water, and natural gas operations. Its principal services include electricity generation and distribution, renewable energy project development, distributed solar development, lignite coal production, and water and natural gas utility services. The company serves municipalities, electric cooperatives, utilities, independent power marketers, large industrial customers, and other energy users. Minnesota Power distributes electricity through its service territory and supplies municipal systems, while BNI Energy sells coal to electric generating cooperatives under long-term agreements. The company operates primarily in the Upper Midwest and develops or manages energy projects across North America, including distributed solar projects in multiple markets in the US. 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 and Renewable Energy Project Development |
| Water | Clean and Renewable Energy Project Acquisition and Management |
| Natural gas | Distributed Solar Project Development |
| XYZ | XYZ |
| XYZ | 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 | Chief Executive Officer; Chairman; President | Executive Board | - | - |
| Jeffrey J. Scissons | Chief Financial Officer; Treasurer; Vice President | Senior Management | 2025 | - |
| Colin Anderson | Chief Accounting Officer; Vice President; Controller | Senior Management | 2025 | - |
| Julie L. Padilla | Secretary; Vice President; Chief Legal Officer | Senior Management | 2024 | - |
| Joshua J. Skelton | Vice President | Senior Management | - | - |
| 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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