Allete reports Q1 EPS 97c vs. 88c last year

Reports Q1 revenue $400.2M vs. $403.3M last year. “Our entire ALLETE (ALE) team has been working diligently on many fronts to execute our Sustainability-in-Action strategy. Minnesota Power recently filed its latest Integrated Resource Plan, which outlines a path to achieve a portfolio that includes 90 percent renewable energy by 2035 by adding wind, solar, natural gas generation, and innovative energy storage as we work to cease coal on our system by 2035,” said ALLETE Chair, President, and Chief Executive Officer Bethany Owen. “Minnesota Power’s EnergyForward strategy reflects our steadfast commitment to advancing a sustainable carbon-free future while ensuring we continue to provide the reliable and affordable energy our customers expect.”