BlackRock's infrastructure play gets a boost as Minnesota approves buyout [Yahoo! Finance]
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
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investor.allete.com/investor-relations
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Source: Yahoo! Finance
Pension Plan to buy utility owner Allete, parent of Minnesota Power, saying recent modifications by the parties should address concerns about rates and clean-power investments. The 5-0 vote by the Minnesota Public Utility Commission may reassure investors that BlackRock will be able to address regulatory and antitrust concerns as its Global Infrastructure Partners unit, which it bought last year, presses for more deals. Earlier this week, people familiar with the matter said the infrastructure unit was in talks to buy utility group AES. Separately, on Friday two people said the unit was in talks to buy a data center business backed by Macquarie. Company executives said the Minnesota deal, first announced last year, would help Allete to transition to clean energy sources. Opponents, including the environmental group Sierra Club, business customers and State Attorney General Keith Ellison, had raised concerns the agreement could lead to higher rates and did not guarantee that Mi
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ALE
News
- New Energy Equity's Lift As We Climb Foundation Raises $143,000 for Let's Share the Sun Foundation at 4th Annual Charity Golf TournamentPR Newswire
- Allete (NYSE:ALE) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Allete (NYSE:ALE) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Minnesotans may have to wait a month for energy assistance after government shutdown [CBS News]CBS News
- ALLETE (ALE) Profit Margin Drop Challenges Utilities' “Defensive” Narrative [Yahoo! Finance]Yahoo! Finance
ALE
Sec Filings
- 10/31/25 - Form 10-Q
- 10/6/25 - Form 8-K
- 10/3/25 - Form 8-K
- ALE's page on the SEC website