Allete Inc Stock: price and insider trades · United States

ALLETE, Inc. (NYSE: ALE) is a United States-based energy company headquartered in Duluth, Minnesota, with roots going back to 1906 through Minnesota Power. For French-speaking investors in Europe, ALLETE reads as a U.S. utility-style platform with a defensive earnings profile, a regulated core, and an increasingly visible exposure to the energy transition. The company describes itself as an investor-owned energy business operating in a complex, dynamic, competitive environment, with a focus on resilient, reliable and competitively priced energy. ([allete.com](https://www.allete.com/?utm_source=openai))

ALLETE’s core franchise is Minnesota Power, its primary regulated electric utility. Minnesota Power serves roughly 150,000 customers, including 14 municipalities and several of the nation’s largest industrial customers, across a service territory of about 26,000 square miles in northern Minnesota. ALLETE also owns Superior Water, Light & Power in Superior, Wisconsin, which provides electricity, water and natural gas in and around the city. Beyond regulated utility operations, the group has built a broader portfolio of energy-related businesses, including ALLETE Clean Energy, which develops, acquires and manages renewable power projects; New Energy Equity, a distributed solar developer with a national footprint; and BNI Energy, which operates a lignite mine in North Dakota. ALLETE also holds an interest in American Transmission Company, adding transmission exposure to its infrastructure mix. ([allete.com](https://www.allete.com/OurBusinesses?utm_source=openai))