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Home > Company Index > Utilities > Diversified Utilities > ALLETE, Inc.

ALLETE, Inc.
NYSE: ALE
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 NEWS FROM THE WIRES
More wind power projects under way
Aug 21 2001 10:59 AM PDT

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Aug 08 2001 06:30 AM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
Commerce One, SAP to Build Energy Exchange
Aug 09 2000 07:21 PM PDT

 PROFILE
Like Gov. Jesse "The Body" Ventura, ALLETE (formerly Minnesota Power) has wrestled together a diverse constituency. Its utility, Minnesota Power (44% of sales), delivers electricity to 144,000 residential and industrial customers in Minnesota and Wisconsin and has a generating capacity of 1,500 MW, primarily coal-fired. It also markets wholesale power in Canada and the US Midwest. ALLETE's automotive operations (41% of sales) include one of North America's largest vehicle auctioneers, ADESA; used vehicle transporter Great Rigs; and dealership creditor Automotive Financing. Other subsidiaries serve water and natural gas customers in Florida, North Carolina, and Wisconsin, and sell Florida real estate.

 COMPETITION
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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,331.90
1-Yr. Sales Growth: 17.7%
Employees: 13,000
Revenue per employee: $102,453.85

 KEY PEOPLE
• Edwin L. Russell
    CEO
• David G. Gartzke
    CFO

 CONTACT INFO
30 W. Superior St.
Duluth, MN 55802
US
Phone: 218-722-2641
Fax: 218-723-3974
Online: Web Site

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