Sector: Diversified Utilities
Latest Quote @ Fri Dec 12 04:39:18 (15 min delayed)
Last Day's Data
ALLETE, Inc. engages in the generation, transmission, distribution, and marketing of electrical power for retail and wholesale customers in the upper midwest of the United States. The company's Regulated Utility segment provides retail and wholesale rate regulated electric, water, and gas services in northeastern Minnesota and northwestern Wisconsin. Its Minnesota Power division provides regulated utility electric service in a 26,000 square mile service territory in northeastern Minnesota. It provided regulated utility electric service to approximately 136,000 retail customers; and wholesale electric service to 16 municipalities, as of December 31, 2004. The company's wholly owned subsidiary, Superior Water, Light and Power Company, provides regulated utility electric, natural gas, and water service in northwestern Wisconsin. It had approximately 14,000 electric customers, 12,000 natural gas customers, and 10,000 water customers, as of the above date. ALLETE's Nonregulated Energy Operations segment includes nonregulated generation consisting primarily of generation from Taconite Harbor in northern Minnesota, and its coal mining activities in North Dakota. In addition, the company engages in the real estate and telecommunications businesses; and invests in emerging technologies related to the electric utility industry. ALLETE was incorporated in 1906 and is headquartered in Duluth, Minnesota.