ALLETE announces completion of acquisition by CPP Investments and Global Infrastructure Partners
New partnership offers unprecedented benefits for customers and communities while maintaining local management and regulatory oversight
Allete
Allete recognized for commitment to women in leadership roles
Allete has been named an Honor Roll Company of Special Distinction in the 2024 Minnesota Census of Women in Corporate Leadership. The annual research report produced by St. Catherine University’s School of Business examines the representation of women on boards of directors and as executive officers in Minnesota’s
Wisconsin regulators approve proposed Allete transaction plan
PSCW approval was needed because Allete owns Superior Water, Light and Power, a regulated utility that delivers electricity, natural gas and water to Wisconsin customers.
ALLETE, City of Duluth in the news
“Having reached this important milestone, we are now one step closer to realizing the meaningful benefits we see ahead for all ALLETE stakeholders as the result of this partnership." -- Bethany Owen, ALLETE Chair, President and CEO
Allete agrees to $6.2 billion sale offer
In connection with the merger, CPP Investments and GIP will acquire all of the outstanding common shares of Allete for $67.00 per share in cash representing an enterprise value of approximately $6.2 billion, including Allete's net debt.
Allete recognized for gender diversity on board and among executive officers
“Creating and strengthening an equitable and inclusive culture is one way we’re putting sustainability into action at Allete.” -- Bethany Owen, Allete chair, president and CEO
Allete, Grid United sign development agreements
Allete and North Plains Connector, a subsidiary of Grid United, this week signed development agreements for the North Plains Connector project, a new, approximately 400-mile high-voltage direct-current transmission line from central North Dakota to Colstrip, Montana. The agreements outline each company’s roles and responsibilities as development of the North
Allete, Minnesota Power employees volunteering at Boys and Girls Clubs today
The Boys & Girls Clubs in Duluth are getting into the holiday spirit with the help of employees from Allete and Minnesota Power. Today two teams of volunteers employees are transferring both Duluth branches into a magical holiday experience for the kids. Kids will be surprised to see the holiday
Minnesota Power seeks proposals for up to 300 megawatts of solar energy
Minnesota Power, a utility division of Allete, Inc., took an important step in advancing its EnergyForward vision for 100% carbon-free energy with the issuance of a Request for Proposals for up to 300 megawatts of regional solar energy to come online by 2027. The RFP follows Minnesota Power’s 2021
Solar panels going up at Superior Water, Light and Power's first community solar garden
Energy from Superior Solar is expected to begin feeding into the power grid in October.
ALLETE Clean Energy adds new customer segment through power purchase agreement with Seattle City Light
ALLETE Clean Energy completed a refurbishment project at the Condon wind site in 2019 to extend its operating life and requalify the site for federal production tax credits.
Minnesota Power receives EEI Emergency Response Award
“This was the worst winter storm Minnesota Power has ever faced in terms of the number of outages and reports of wires down.” -- ALLETE Chair, President and CEO Bethany Owen.