Wisconsin regulators approve proposed Allete transaction plan
PSCW approval was needed because Allete owns Superior Water, Light and Power, a regulated utility that delivers electricity, natural gas and water to Wisconsin customers.
Allete names Jeff Scissons chief financial officer
“Jeff’s financial acumen and his principled, values-based, people-focused leadership have been instrumental in the development and successful execution of Allete’s Sustainability-in-Action strategy, and I am excited to work closely with him in this new role.” -- Allete CEO Bethany Owen.
ALLETE, City of Duluth in the news
“Having reached this important milestone, we are now one step closer to realizing the meaningful benefits we see ahead for all ALLETE stakeholders as the result of this partnership." -- Bethany Owen, ALLETE Chair, President and CEO
Allete agrees to $6.2 billion sale offer
In connection with the merger, CPP Investments and GIP will acquire all of the outstanding common shares of Allete for $67.00 per share in cash representing an enterprise value of approximately $6.2 billion, including Allete's net debt.
Minnesota Power reaches electric rate settlement with state agencies and large power customers
Minnesota Power, a utility division of ALLETE Inc (NYSE: ALE), has reached a settlement agreement on its 2024 electric rate