ALLETE Inc - Company Profile
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ALLETE Inc (ALLETE) is an energy company. It has interests in mining facilities, electricity generation, transmission and distribution assets and water management businesses. The company generates electricity using coal, natural gas, biomass, hydro, wind, and solar and procures energy through power purchase agreements and market purchases. ALLETE provides electric services on a retail and wholesale basis. It 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 offers integrated water management solutions for the 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.
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 |
---|---|---|
2023 | Contracts/Agreements | In December, the company entered into development agreements with North Plains Connector for the North Plains Connector project. |
2023 | Contracts/Agreements | In January, the company entered into a partnership with Grid United to jointly develop the North Plains Connector. |
2023 | Asset Disposal | In April, the company sold the Red Barn project to WEC Energy Group. |
Competitor Comparison
Key Parameters | ALLETE Inc | Avangrid Inc | Alliant Energy Corp | Black Hills Corp | Cleco Corporate Holdings LLC |
---|---|---|---|---|---|
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 | Pineville |
State/Province | Minnesota | Connecticut | Wisconsin | South Dakota | Louisiana |
No. of Employees | 1,509 | 7,579 | 3,129 | 2,982 | 1,330 |
Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Bethany M. Owen | Chief Executive Officer; Chairman; President | Executive Board | 2021 | 57 |
Steven W. Morris | Chief Financial Officer; Senior Vice President | Senior Management | 2022 | 61 |
Margaret A. Thickens | Chief Legal Officer; Secretary; Vice President | Senior Management | 2019 | 56 |
Nicole R. Johnson | President - ALLETE Clean Energy; Vice President | Senior Management | 2022 | 48 |
Patrick L. Cutshall | Treasurer; Vice President | Senior Management | 2017 | 57 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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