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
“Jeff’s financial acumen and his principled, values-based, people-focused leadership have been instrumental in the development and successful execution of Allete’s Sustainability-in-Action strategy, and I am excited to work closely with him in this new role.” -- Allete CEO Bethany Owen.
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.
Minnesota Power, a utility division of ALLETE Inc (NYSE: ALE), has reached a settlement agreement on its 2024 electric rate proposal with the Minnesota Department of Commerce, Minnesota Attorney General’s Office and Large Power Intervenors. If approved by the Minnesota Public Utilities Commission (MPUC), the agreement would set final