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ALLETE Inc
30 W SUPERIOR ST
Phone: (218) 279-5000p:218 279-5000 DULUTH, MN  55802-2191  United States Ticker: ALEALE
Business Summary
ALLETE, Inc. is a clean-energy transformation company that owns, operates and developing wind energy generation to reduce carbon footprint. The Company’s segments include Regulated Operations and ALLETE Clean Energy. Regulated Operations includes regulated utilities, Minnesota Power, and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota, and Illinois. Minnesota Power provides regulated utility electric service in northeastern Minnesota to approximately 150,000 retail customers. ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The segment owns and operates, in seven states, more than 1,200 MW of nameplate capacity wind energy generation with a contract under power sales agreements (PSAs) of various durations. It engages in the development of wind energy facilities to operate under long-term PSAs.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-YesYes--

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023YesYes-Yes-

Industries
SIC Code Description
4931 Electric and other services combined
4911 Electric services
4924 Natural gas distribution
4941 Water supply
1221 Bituminous coal and lignite surface mining
1222 Bituminous coal underground mining
6512 Operators of nonresidential buildings
6519 Lessors of real property, not elsewhere classified
6289 Services allied with the exchange of securities or commodities
6719 Offices of holding companies, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, President, Chief Executive Officer Bethany M.Owen 58 5/11/2021 11/26/2016
Chief Financial Officer, Senior Vice President Steven W.Morris 62 2/9/2022 3/3/2014
Vice President, Corporate Treasurer Patrick L.Cutshall 58 12/18/2017 1/1/2016
8 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
ALLETE CAPITAL II
ALLETE CAPITAL III
ALLETE, INC.
Cape Coral Holdings, Inc. FL United States
Florida Water Services Corporation 1000 Color Pl Apopka Florida United States

Business Names
Business Name
ACE Caddo Class B LLC
ACE DS Class B LLC
ACE GAWW Class B LLC
72 additional Business Names available in full report.

General Information
Number of Employees: 1,513 (As of 12/31/2023)
Outstanding Shares: 57,665,328 (As of 3/15/2024)
Shareholders: 19,000
Stock Exchange: NYSE
Federal Tax Id: 410418150
Email Address: shareholder@allete.com


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Saturday, April 27, 2024