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ALLETE, Inc. (ALE)

-NYSE
48.39 Down 0.28(0.58%) 3:08PM EDT - NYSE Real Time Price
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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

Details 
Index Membership:N/A
Sector:Utilities
Industry:Diversified Utilities
Full Time Employees:1,521

Business Summary 

ALLETE, Inc., together with its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Operations, and Investments and Other segments. The company generates electricity from coal, hydel, wind, and biomass. It is involved in the retail and wholesale of regulated electric, natural gas, and water services. The company provides regulated utility electric services to approximately 143,000 residential and commercial customers and 16 municipalities in Minnesota; and 15,000 electric customers, 12,000 natural gas customers, and 10,000 water customers in northwestern Wisconsin, as well as owns and operates 172 substations with a capacity of 11,110 megavolt amperes. In addition, it is engaged 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 for non-rate base generation. It industrial clients 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 Sep 1, 2014 is 1. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 1; Compensation: 1.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
 PayExercised
Mr. Alan R. Hodnik , 54
Chairman, Chief Exec. Officer, Pres and Chief Operating Officer of Minnesota Power
983.00K85.00K
Ms. Deborah A. Amberg , 48
Sr. VP, Gen. Counsel and Sec.
458.00K10.00K
Mr. David J. McMillan , 52
Sr. VP of External Affairs
416.00K98.00K
Mr. Robert J. Adams , 51
Chief Risk Officer and VP of Energy Centric Bus.
359.00K146.00K
Mr. Steven Q. DeVinck , 54
Chief Financial Officer, Principal Accounting Officer and Sr. VP of Bus. Support
N/AN/A
Amounts are as of Dec 31, 2013 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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