ALLETE Inc.
30 West Superior Street
Duluth,
MN 55802-2093
United States - Map
Phone: 218-279-5000
Fax: 218-723-3944
Web Site: http://www.allete.com
| ALLETE, Inc., together with its subsidiaries, engages in the generation, transmission, and distribution of electric power in the United States. The company operates in two segments, Regulated Operations and Investments and Other. The Regulated Operations segment engages in the retail and wholesale of rate-regulated electric, natural gas, and water services in northeastern Minnesota and northwestern Wisconsin. As of December 31, 2008, this segment provided regulated utility electric services to 142000 retail customers and wholesale electric services to 16 municipalities in northeastern Minnesota; and regulated utility electric, natural gas, and water services to 15000 electric customers, 12000 natural gas customers, and 10000 water customers in northwestern Wisconsin. The Investments and Other segment engages in the coal mining business in North Dakota; and real estate business in Florida. Its developmental projects primarily include Town Center and Palm Coast Park located in the city of Palm Coast. This segment also holds 7,000 acres of land in Minnesota. ALLETE primarily serves the taconite, paper, pulp, wood products, and pipeline industries. The company was founded in 1906 and is headquartered in Duluth, Minnesota. |
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| Key Statistics |
| |
| | Pay | Exercised | Mr. Donald J. Shippar , 59
Chairman and Chief Exec. Officer |
$
961.00K |
$
0 | Mr. Mark A. Schober , 53
Chief Financial Officer, Sr. VP and Member of Compliance Management Committee |
$
416.00K |
$
0 | Ms. Laura A. Holquist , 47
Pres of Allete Properties |
$
330.00K |
$
0 | Ms. Claudia R. Scott Welty , 56
Chief Admin. Officer, Sr. VP of Bus. Support and Member of Compliance Management Committee |
$
344.00K |
$
0 | Ms. Deborah A. Amberg , 43
Sr. VP, Sec., Gen. Counsel and Member of Compliance Management Committee |
$
372.00K |
$
89.00K |
|
|
|
Dollar amounts are as of
31-Dec-08
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
| |
|
1.06% Nasdaq 
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