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ALLETE, Inc. (ALE)

NYSE - NYSE Delayed Price. Currency in USD
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62.82+0.06 (+0.10%)
At close: 04:00PM EST
62.82 -0.01 (-0.02%)
After hours: 04:01PM EST
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ALLETE, Inc.

30 West Superior Street
Duluth, MN 55802-2093
United States
218 279 5000
https://www.allete.com

Sector(s)Utilities
IndustryUtilities—Diversified
Full Time Employees1,341

Key Executives

NameTitlePayExercisedYear Born
Ms. Bethany M. OwenChair, CEO & Pres1.08MN/A1966
Mr. Robert J. AdamsSr. VP & CFO772.75kN/A1963
Mr. Steven Wayne MorrisVP & Chief Accounting Officer455.68kN/A1962
Ms. Nicole Renee JohnsonVP & Chief Admin. Officer487.08kN/A1975
Ms. Margaret A. ThickensVP, Chief Legal Officer & Corp. Sec.462.31kN/A1967
Mr. Vincent J. MeyerVP of Investor RelationsN/AN/AN/A
Jeffrey ScissonsDirector of Corp. Devel.N/AN/AN/A
Mr. Al RudeckPres of Allete Clean Energy, Inc.N/AN/AN/A
Mr. Patrick L. Cutshall C.F.A., CPA, CPA, CFAVP & Corp. TreasurerN/AN/A1965
Mr. Rob SandstromPres of Superior Water, Light & PowerN/AN/AN/A
Amounts are as of December 31, 2020 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.

Description

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

Corporate Governance

ALLETE, Inc.’s ISS Governance QualityScore as of September 26, 2021 is 1. The pillar scores are Audit: 3; Board: 2; Shareholder Rights: 1; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.
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