Minnesota PUC approves $6.2B Allete sale to private equity [Yahoo! Finance]
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
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Source: Yahoo! Finance
Dive Brief: The Minnesota Public Utilities Commission on Friday unanimously approved the $6.2 billion sale of Allete to the Canada Pension Plan Investment Board and Blackrock's Global Infrastructure Partners, finding the benefits of the deal to ratepayers outweighed the risks of private equity ownership. “It's pretty clear that because of the collective work of the agency, of us, our staff, the process we've engaged in, in a public and legal manner, we have made the petition better, and it will be to the betterment of Minnesota Power customers,” Katie Sieben , Minnesota PUC chair, said. Duluth, Minnesota-based Allete — parent to Minnesota Power and Superior Water, Light and Power — expects the deal will close later this year after the PUC issues a written order. Dive Insight: In part, the review of the deal focused on whether it was in the public interest to let Allete be bought by private equity. And it came as GIP is reportedly in talks to buy AES Corp. , which owns AES I
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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