Adams new Allete CFO

Bob Adams has assumed the role of chief financial officer at Allete, the company announced today. He succeeds Steve DeVinck, who last fall announced his plan to retire in the spring of 2017. “I’ve been very pleased by the thoughtful handoff between these two leaders and the smooth transition,” said Allete Chairman, President and CEO […]

Allete reports higher earnings

Allete today reported second quarter 2016 earnings of 50 cents per share on net income of $24.8 million and operating revenue of $314.8 million. Last year’s results were 46 cents per share on net income of $22.5 million and operating revenue of $323.3 million, and included profit recognition of $1.5 million after-tax, or 3 cents […]