ALLETE INC: directors' dealings · United States · SEC (Form 4)

About ALLETE INC

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)) From a competitive standpoint, ALLETE’s appeal has traditionally come from the combination of regulated cash flows, long-standing local utility relationships and a strategic bridge into renewables and transmission infrastructure. The company says more than 50% of its energy is already renewable today, which supports its positioning in a lower-carbon utility transition. In practical terms, that makes ALLETE more than a pure rate-regulated utility: it is a regional energy platform with utility operations, renewable development capabilities and an industrial customer base that can influence earnings sensitivity. ([allete.com](https://www.allete.com/?utm_source=openai)) Recent news has been dominated by the announced acquisition by Canada Pension Plan Investment Board and Global Infrastructure Partners. During 2025, ALLETE secured key regulatory approvals from FERC, the Public Service Commission of Wisconsin and the Minnesota Public Utilities Commission, and the transaction was completed in December 2025. The company subsequently indicated that it would move toward delisting from the NYSE following the closing. Prior to completion, ALLETE’s 2025 releases continued to emphasize clean-energy capital deployment, its sustainability strategy and the regulatory process surrounding the deal. For investors, this is the key development that reshaped the equity story around ALE. ([investor.allete.com](https://investor.allete.com/news-releases/news-release-details/wisconsin-regulators-approve-proposed-allete-transaction-canada?utm_source=openai))