ALLETE Obtains Regulatory Approval from Minnesota Public Utilities Commission for Partnership with CPP Investments and Global Infrastructure Partners
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
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Source: Business Wire
Acquisition delivers pathway to help meet significant infrastructure demands of the clean-energy transition and approximately $200 million in customer benefitsWith all necessary regulatory approvals now in place, transaction expected to close in late 2025 DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) (the Company) today announced that the Minnesota Public Utilities Commission (MPUC) voted unanimously to approve its acquisition by Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP). With all required regulatory approvals secured, the transaction is expected to close in late 2025 following issuance of the MPUC’s written order.“We are grateful to the Minnesota Public Utilities Commission for their thorough review and approval of this important and strategic partnership, and recognition this is in the public interest,” said ALLETE Chair, President and CEO Bethany Owen. “Today’s decision caps a comprehensive public process and posit
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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