Detail akcie Allete Inc online

Business Summary: ALLETE, Inc. is a clean-energy transformation company that owns, operates and develops wind energy generation to reduce its carbon footprint. The Company’s segments include Regulated Operations and ALLETE Clean Energy. Regulated Operations include 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. The ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The segment owns and operates 1,600 megawatts of wind energy generation in five energy markets and eight states across the United States. The Company is also engaged in the development of wind energy facilities to operate under long-term Power Sales Agreement (PSAs).
Financial Summary: BRIEF: For the fiscal year ended 31 December 2024, ALLETE Inc revenues decreased 19% to $1.53B. Net income decreased 27% to $179.3M. Revenues reflect Sale of Wind Energy Facility segment decrease of 93% to $22.9M, Others segment decrease of 18% to $93.7M. Net income also reflects Gain on Arbitration Award decrease from $58.4M (income) to $0K, Depreciation and Amortization - Balancin increase of 8% to $271.3M (expense).