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Balance Sheet Cash Flow Statement 30 W. Superior St. Duluth, MN 55802-2093 MN Tel. 218-279-5000 Fax 218-720-2502 |
Type: Public
On the web:
http://www.allete.com
Employees:
1,529
Employee growth: (89.8%)
ALLETE provides light to the northern climes. Most of its business is classified within its regulated operations, which include electric, gas, and water utilities located in northeastern Minnesota and northwestern Wisconsin. Those operations are conducted through subsidiaries Minnesota Power (140,000 customers) and Superior Water, Light and Power (about 35,000 customers for its electric, gas, and water utilities). Allete's other segment includes coal mining operations, emerging technologies related to electric utilities, and a real estate business (large land tracts in Florida). Subsidiary BNI Coal operates a mine in North Dakota that supplies, primarily, two generating co-ops, Minnkota Power and Square Butte.
Key numbers for fiscal year ending December, 2008:
Sales: $801.0M
One year growth: (4.8%)
Net income: $82.5M
Income growth: (5.8%)
Officers:
Chairman and CEO: Donald J. (Don) Shippar
SVP and CFO: Mark A. Schober
SVP Marketing, Regulatory and Public Affairs; EVP, Minnesota Power: David J. McMillan
Competitors:
Alliant Energy
Otter Tail
Xcel Energy
