BlackRock's Minnesota Power takeover splits DFL coalition as corporate giant seeks bigger targets [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
A bitter regulatory battle that divided state government and fractured the Democratic-Farmer-Labor coalition came to an end Friday when utility regulators voted unanimously to approve the sale of northern Minnesota's largest public electric utility. After the $6.2 billion deal closes later this year, a subsidiary of private equity giant BlackRock will own 60% of Allete, the parent company of Minnesota Power. The Canada Pension Plan Investment Board will own the rest. Allete's management hailed the decision , saying that the new owners' capital would help the company invest billions in new energy infrastructure to meet its obligations under Minnesota's 2040 carbon-free power law . BlackRock and the Canadian pension board have said they would invest nearly $5 billion in Minnesota Power's sprawling system over the next several years. The decision “positions Allete well to meet the significant infrastructure demands of the clean-energy transition without compromising the high-quali
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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