ALLETE Inc - Company Profile

Powered by

All the data and insights you need on ALLETE Inc in one report.

$395 $295
Buy Report View Sample
  • Save hours of research time and resources with
    our up-to-date ALLETE Inc Strategy Report

  • Understand ALLETE Inc position in the market,
    performance and strategic initiatives.

  • Gain competitive edge and increase your
    chances of success

Back to companies

ALLETE Inc: Overview

Select Item

Related keylists

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.

 Gain a 360-degree view of ALLETE Inc and make more informed decisions for your business Gain a 360-degree view of ALLETE Inc and make more informed decisions for your business Find out more
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 1,509
Industry Power
Ticker Symbol & Exchange ALE (NYSE)
Revenue (2022) $1.6B 10.7% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ 11.9% (2022 vs 2021)
Market Cap* $3.3B
Net Profit Margin (2022) XYZ 1.1% (2022 vs 2021)
* As of and is in US$
View ALLETE Inc financials
Gain access to our premium signals and make informed decisions for your business Gain access to our premium signals and make informed decisions for your business Find out more

ALLETE Inc premium industry data and analytics

40+

Transmission & Distribution

Access detailed information on all line and substation projects and T&D infrastructure with ALLETE Inc.

40+

Tenders & Contracts

Detailed insights into open, awarded and pre-solicited tenders and contracts for ALLETE Inc.

1

Energy Storage Projects

Understand the energy storage landscape for ALLETE Inc, drawing on intelligence spanning electrochemical, electromechanical, thermal and hydrogen storage.

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on ALLETE Inc’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
Electricity Clean Water Supply
Natural Gas Natural Gas Transmission and Distribution
Power Transmission
XYZ
XYZ
XYZ
Understand ALLETE Inc portfolio and identify potential areas for collaboration Understand ALLETE Inc portfolio and identify potential areas for collaboration Find out more

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.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
Image for loader

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
Benchmark the company against the market with exclusive information on key competitors Benchmark the company against the market with exclusive information on key competitors Find out more
Chart Financial activity with access to more key stats Chart Financial activity with access to more key stats Find out more
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
Gain insight into ALLETE Inc key executives to enhance your sales strategy Gain insight into ALLETE Inc key executives to enhance your sales strategy Find out more
Still looking?

Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.

Explorer

Access more premium companies when you subscribe to Explorer

Get in touch about GlobalData Company reports

Contact the team or request a demo to find out how our data can drive your business forward