Minnesota Power Proposes Plan to Resolve Rate Request in Response to Economic Challenges of COVID-19
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
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Source: Business Wire
Customers will receive refund on bills and lower rates under proposal to state regulators DULUTH, Minn.--(BUSINESS WIRE)--Minnesota Power, a utility division of ALLETE (NYSE: ALE), today proposed a resolution to its November 2019 rate review that would reduce customers’ monthly bills and provide refunds. Minnesota Power cited the economic uncertainty related to the COVID-19 crisis in its decision to seek early resolution of its rate review, submitted to the Minnesota Public Utilities Commission (MPUC) last fall.“Since Minnesota Power initially filed its rate request last fall, the COVID-19 virus has spread and is now impacting the health and financial well-being of people around the state and here in our communities. We hope resolving our rate case will provide some much-needed relief for our customers in these difficult times,” ALLETE CEO Bethany Owen said. “Especially during this pandemic, we know that our mission of delivering safe, reliable and affordable energy is even more im
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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