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Last Updated: 2026
Allete image

Allete

Rank#3603
Market Cap3.94B
CountryUnited States
Summary
History
Mission
Vision
References
Summaryarrow
ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It 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.
Historyarrow

Allete was founded in 1906 as the Minnesota & Northwestern Power and Light Company. Today, the company provides electricity and natural gas utility services to customers within a four-state region, as well as develops, operates and maintains wind and solar energy facilities.

Missionarrow
Allete's mission is to provide reliable, economical and sustainable energy services for our customers and communities.
Visionarrow
Allete's vision is to be a leading provider of energy services that creates opportunities to produce value for shareholders, customers and communities.
Referencesarrow

https://in.investing.com/equities/allete-inc

https://finance.yahoo.com/quote/ALE/profile?p=ALE

https://www.crunchbase.com/organization/allete

https://sec.report/CIK/0000066756

https://companiesmarketcap.com/

https://www.allete.com

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Leadership team
M
Ms. Bethany M. Owen (Chairman & CEO)
M
Mr. Steven Wayne Morris (Sr. VP & CFO)
M
Ms. Margaret A. Thickens (VP, Chief Legal Officer & Corp. Sec.)
Products / Services
Energy, Real Estate, Renewable Energy, Solar
Number of Employees
1,000 - 20,000
Address
Duluth, Minnesota, United States
Established
1906-01-01
Company Registration
SEC CIK number: 0000066756
Net Income
S_100M_500M
Revenue
$1B+
Traded as
ALE
Website
https://www.allete.com
Social Media
facebook
Last Updated: 2026
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