ALLETE, Inc.

NYSE ALE

ALLETE, Inc. Capital Expenditure for the Trailing 12 Months (TTM) ending September 30, 2024: USD -317.40 M

ALLETE, Inc. Capital Expenditure is USD -317.40 M for the Trailing 12 Months (TTM) ending September 30, 2024, a -25.65% change year over year. Capital expenditure is cash spent on acquiring or maintaining fixed assets, such as property, plants, and equipment (PP&E).
  • ALLETE, Inc. Capital Expenditure for the Trailing 12 Months (TTM) ending September 30, 2023 was USD -252.60 M, a -4.81% change year over year.
  • ALLETE, Inc. Capital Expenditure for the Trailing 12 Months (TTM) ending September 30, 2022 was USD -241.00 M, a 57.06% change year over year.
  • ALLETE, Inc. Capital Expenditure for the Trailing 12 Months (TTM) ending September 30, 2021 was USD -561.30 M.
Key data
Date Capital Expenditure Free Cash Flow Depreciation And Amortization Deferred Income Tax
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SV Wall Street
NYSE: ALE

ALLETE, Inc.

CEO Ms. Bethany M. Owen
IPO Date May 3, 1973
Location United States
Headquarters 30 West Superior Street
Employees 1,564
Sector Utilities
Industries
Description

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

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StockViz Staff

February 8, 2025

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