| Business Summary | | ALLETE,
Inc.,
formerly
known
as
ALLETE,
is
a
multi-services
company
that
operates
in
43
states
and
nine
Canadian
provinces
and
engages
in
four
business
segments.
The
Company
offers
Energy
Services,
Automotive
Services,
Water
Services
and
Investments.
Energy
Services
include
electric
and
gas
services,
coal
mining
and
telecommunications
operations.
Automotive
Services
include
a
network
of
vehicle
auctions,
a
finance
company,
an
auto-transport
company,
a
vehicle
remarketing
company,
a
company
that
provides
field
information
services
to
the
automotive
industry
and
its
lenders,
and
a
company
that
provides
Internet-based
parts
location
and
insurance-adjustment
audit
services
nationwide.
Water
Services
include
water
and
wastewater
services.
Investments
include
real
estate
operations,
investments
in
emerging
technologies
related
to
the
electric
utility
industry
and
a
securities
portfolio.
ALLETE
is
legally
incorporated
as
Minnesota
Power,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ALLETE,
Inc.
is
a
broadly
diversified
services
company
with
operations
in
four
business
segments:
electric
operations,
water
services,
automobile
services
and
investments.
For
the
six
months
ended
6/30/01,
revenues
rose
32%
to
$856
million.
Net
income
fell
20%
to
$75.4
million.
Revenues
reflect
acquisitions
and
increased
vehicles
financed.
Lower
income
reflects
increased
goodwill
amortization
charges
and
the
absence
of
a
$48
million
gain
on
sale
of
ACE. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| David Gartzke, 56 Pres,
Director | -- | James Vizanko, 48 CFO,
VP, Treasurer | -- | John Cirello, 56 Exec.
VP,Pres and CEO- MP Water Resources Group | $567K | Donnie Crandell, 55 Exec.
VP and Pres- MP Real Estate Holdings | -- | Robert Edwards, 55 Exec.
VP and Pres - MP Electric | 648K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|