“At Allete, our success is driven by the diverse talents and perspectives of our people and by living our values. Inclusion shapes our leadership, our decisions and our future.” -- Bethany Owen, Allete chair, president and chief executive officer
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.
“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
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.
“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 and North Plains Connector, a subsidiary of Grid United, this
week signed development agreements for the North Plains Connector project, a new, approximately
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.
“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.