ALLETE INC

Allete Inc.

Utilities - Diversified Utilities Duluth, MN, United States ALE (NYQ)

ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar. The company also provides regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers in Minnesota; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. In addition, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Further, the company focuses on acquiring, developing, and operating clean and renewable energy projects; and owns, develops, and operates approximately 1,600 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota and real estate investment activities in Florida. It owns and operates 154 substations with a total capacity of 10,647 megavolt-amperes. The company 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.

Stock Performance (90 Days)

Data through Dec 12, 2025
Price updates on page refresh. Intraday quotes available during market hours (9:30 AM - 4:00 PM EST).

Layoff History

No layoff events recorded for this company.

Recent News

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Frequently Asked Questions

Has ALLETE INC had layoffs?
No layoff events have been recorded for ALLETE INC in our database. This could mean the company has not conducted significant layoffs, or any layoffs have not been publicly reported.
How many employees does ALLETE INC have?
ALLETE INC has approximately 1,597 employees.
What industry is ALLETE INC in?
ALLETE INC operates in the Utilities - Diversified industry, within the Utilities sector.
Is ALLETE INC a publicly traded company?
Yes, ALLETE INC is publicly traded under the ticker symbol ALE on the NYQ. The company has a market capitalization of approximately $3.94 billion.
Where is ALLETE INC headquartered?
ALLETE INC is headquartered in Duluth, MN, United States at 30 West Superior Street, Duluth, MN 55802-2093, United States.

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