(ALE) Allete - Ratings and Ratios

ALLETE, Inc. is a diversified energy company that operates through multiple segments, including Regulated Operations, ALLETE Clean Energy, and Corporate and Other. The company's energy generation portfolio is diverse, comprising coal-fired, biomass co-fired, natural gas, hydroelectric, wind, and solar power sources. This mix of energy sources enables ALLETE to provide a reliable and balanced supply of electricity to its customers. In addition to its generation capabilities, the company also provides regulated utility electric services to a significant number of customers in northwestern Wisconsin and northeastern Minnesota, totaling approximately 165,000 retail customers and 14 non-affiliated municipal customers.

The company's regulated utility services extend beyond electricity, as it also provides natural gas to around 13,000 customers and water to approximately 10,000 customers in northwestern Wisconsin. Furthermore, ALLETE owns and maintains an extensive network of electric transmission assets across several states, including Wisconsin, Michigan, Minnesota, and Illinois. This transmission infrastructure is crucial for the efficient distribution of electricity to its customers and supports the overall reliability of the grid. The company's transmission assets are complemented by its 162 substations, which have a total capacity of 9,980 megavolt amperes, ensuring a stable and efficient supply of electricity.

ALLETE is also committed to developing, acquiring, and operating clean and renewable energy projects, recognizing the importance of sustainability and reducing its environmental footprint. The company has made significant investments in wind energy, with approximately 1,200 megawatts of wind energy generation capacity. Additionally, ALLETE is involved in coal mining operations in North Dakota, which provides a source of fuel for its coal-fired power plants. Beyond its core energy business, the company also engages in real estate investment activities in Florida, further diversifying its portfolio and revenue streams. With a history dating back to 1906, ALLETE, Inc. has established itself as a reputable player in the energy sector, serving a range of industries, including taconite mining, paper, pulp, and secondary wood products, pipeline, and other sectors.

As a company, ALLETE, Inc. has undergone significant transformations over the years, including a name change from Minnesota Power, Inc. to ALLETE, Inc. in 2001. Today, the company is headquartered in Duluth, Minnesota, and is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol ALE. With a strong focus on operational efficiency, customer satisfaction, and sustainability, ALLETE, Inc. is well-positioned to navigate the evolving energy landscape and meet the changing needs of its customers and stakeholders. The company's website, https://www.allete.com, provides further information on its operations, services, and commitment to sustainability.