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    ALLETE, Inc. (ALE)

    48.00 Up 0.47(0.99%) 4:00PM EDT
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    ALLETE, Inc.
    30 West Superior Street
    Duluth, MN 55802
    United States - Map
    Phone: 218-279-5000
    Website: http://www.allete.com

    Index Membership:N/A
    Industry:Diversified Utilities
    Full Time Employees:1,581

    Business Summary 

    ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, and Investments and Other segments. It generates electricity from coal-fired, hydro, wind, and biomass co-fired facilities. The company provides regulated electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 12,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric service in northeastern Minnesota to approximately 144,000 retail customers and 16 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. The company owns and operates 174 substations with a capacity of 10,651 megavolt amperes. In addition, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. Further, the company offers seller financing; and holds approximately 5,000 acres of land in Minnesota. It serves industrial clients that comprise taconite mining, iron concentrate, paper, pulp and wood products, and pipeline industries. The company was founded in 1906 and is headquartered in Duluth, Minnesota.

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    Corporate Governance 
    ALLETE, Inc.’s ISS Governance QuickScore as of Jul 1, 2015 is 1. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 1; Compensation: 2.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Alan R. Hodnik , 55
    Chairman, Chief Exec. Officer, Pres and Chief Operating Officer of Minnesota Power
    Mr. Steven Q. DeVinck , 55
    Chief Financial Officer, Principal Accounting Officer and Sr. VP of Bus. Support
    Ms. Deborah A. Amberg , 49
    Sr. VP, Gen. Counsel and Sec.
    Mr. David J. McMillan , 53
    Sr. VP of External Affairs
    Mr. Robert J. Adams , 52
    Chief Risk Officer and VP of Energy-Centric Bus.
    Amounts are as of Dec 31, 2014 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.
    Currency in USD.
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