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 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