Minnesota Power agrees to smaller bill increase for customers in settlement [Yahoo! Finance]
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: Yahoo! Finance
The Duluth-based utility said Friday it had struck a deal for a 4.9% rate increase for residential and small business customers, plus a roughly 4.4% hike for industrial and large commercial customers. Minnesota Power had originally asked for a 12% increase for all customers , worth $89.1 million. The Minnesota Public Utilities Commission (PUC) still has to weigh in on the smaller $34 million rate increase. The company's settlement was with the Minnesota Department of Commerce, the state Attorney General's office and a coalition of large industrial customers including taconite mines and paper mills. "This settlement still allows us to move forward on the three important goals that we had when we first filed this rate case, including transitioning to a carbon-free power supply, making those investments that preserve safety and reliability and balancing that with offering competitive rates for customers," said Jennifer Cady, vice president of regulatory and legislative affairs for M
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ALE
News
- World's largest asset manager behind Duluth energy company Allete's $6.2B sale [Yahoo! Finance]Yahoo! Finance
- ALLETE, Inc. (NYSE: ALE) had its price target raised by analysts at Mizuho from $57.00 to $67.00. They now have a "neutral" rating on the stock.MarketBeat
- ALLETE, Inc. (NYSE: ALE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Lifshitz Law PLLC Announces Investigations of ALE, PRFT, UNIT, and AGBAAccesswire
- PUC wants buyers of Duluth energy company Allete to clarify local workforce commitment [Yahoo! Finance]Yahoo! Finance
ALE
Earnings
- 5/9/24 - Miss
ALE
Sec Filings
- 5/17/24 - Form DEFA14A
- 5/9/24 - Form DEFA14A
- 5/9/24 - Form 10-Q
- ALE's page on the SEC website