ALLETE Announces Completion of Acquisition by CPP Investments and Global Infrastructure Partners
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
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US:NYSE Investor Relations:
investor.allete.com/investor-relations
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Source: Business Wire
New partnership offers unprecedented benefits for customers and communities while maintaining local management and regulatory oversight DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) (the Company) today announced the completion of its acquisition by Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP), following the final written order and unanimous approval by the Minnesota Public Utilities Commission (MPUC).As a result of the acquisition, ALLETE, CPP Investments and GIP will deliver approximately $200 million in benefits to Minnesota Power customers and communities, representing a historic commitment to the company’s customers. These benefits include a one-year base rate freeze, $50 million in rate credits, and additional support for energy affordability and innovation.CPP Investments and GIP also have committed to fund the Company’s five-year plan for strengthening and expanding the transmission grid and advancing the Company’
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News
- Corebridge Financial (CRBG) Stock Is Up, What You Need To Know [Yahoo! Finance]Yahoo! Finance
- ALLETE Announces Completion of Acquisition by CPP Investments and Global Infrastructure Partners [Yahoo! Finance]Yahoo! Finance
- ALLETE Board of Directors Declares Stub Period Dividend on Common Stock [Yahoo! Finance]Yahoo! Finance
- ALLETE Board of Directors Declares Stub Period Dividend on Common StockBusiness Wire
- Corebridge Financial Set to Join S&P MidCap 400 [Yahoo! Finance]Yahoo! Finance
ALE
Sec Filings
- 12/15/25 - Form 8-K
- 12/15/25 - Form 25-NSE
- 12/11/25 - Form 8-K
- ALE's page on the SEC website