PUC wants buyers of Duluth energy company Allete to clarify local workforce commitment [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
Katie Sieben, a DFLer who chairs the Public Utilities Commission (PUC), said Thursday the commission cares for and has concerns about employees at Minnesota Power, Allete's electric utility. She asked the buyers — investment fund Global Infrastructure Partners (GIP) and the Canada Pension Plan (CPP) Investment Board — to address what the transition would mean for those people when the company files official paperwork with the five-member board in July. "The partners certainly understand the deep relationship that [Allete] has had with organized labor and the International Brotherhood of Electrical Workers," Sieben said. Allete, GIP and CPP need PUC approval to move ahead with the sale, which would take the company private. Leaders from all three were at the PUC meeting to present basic details of the deal. It was also the first chance for commissioners — three DFL, one independent and one Republican — to ask questions about an uncommon acquisition that could stretch into next yea
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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
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALE, PRFT, LSAK, SLCAGlobeNewswire
ALE
Earnings
- 5/9/24 - Miss
ALE
Sec Filings
- 5/20/24 - Form 8-K
- 5/17/24 - Form DEFA14A
- 5/9/24 - Form DEFA14A
- ALE's page on the SEC website