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Allete

@allete.com

ALLETE delivers affordable, reliable energy services in the Upper Midwest, owns a lignite mine in North Dakota and has investments in real estate and the America Transmission Co.

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Allete, Inc., based in Duluth, Minnesota, is a publicly-traded company in the United States. The company was founded in 1906 as the Minnesota Power Company and has grown to become a diversified energy company with operations in the United States and globally. Allete's headquarters is located in Duluth, Minnesota.


The building, known as the Allete Building, stands at nine stories tall and serves as the central hub for the company's operations. It was completed in 1983 and features a modern design, reflecting the company's commitment to innovation and efficiency. Allete offers a range of products and services in the energy industry.


One of its primary business segments is regulated utility operations through its subsidiary, Minnesota Power. The company delivers electricity to over 145,000 customers in northern Minnesota and western Wisconsin, providing vital infrastructure and reliable power supply. In addition to its regulated utility operations, Allete also operates in the energy and water infrastructure sector through its subsidiaries.


This includes the operation and maintenance of power plants, renewable energy projects, and water resources management. Allete has expanded its operations globally through various partnerships and joint ventures. Notably, it has a joint venture with BNI Coal, where they jointly own and operate the largest lignite mine in the United States, providing a reliable source of fuel for power generation.


In terms of its market position, Allete is recognized as a leader in the energy industry. It has consistently ranked among the top utilities in the United States for reliability and customer satisfaction. With its commitment to renewable energy, Allete aims to be a leader in the clean energy transition.


Over the years, Allete has achieved significant milestones and made strategic changes to align with market trends. In recent years, the company has increased its investment in renewable energy, focusing on wind and solar power projects. This shift is in line with Allete's goal to reduce its carbon footprint and contribute to a sustainable future.


As of the latest available information, Allete continues to operate successfully and pursue its growth strategy. It is actively engaged in exploring new opportunities in the renewable energy sector and continuing to provide reliable energy solutions for its customers. In conclusion, Allete is a diversified energy company based in the United States with a strong market position and a commitment to sustainability.


Operating through its subsidiaries, Allete offers a range of products and services in the energy industry and has expanded its operations globally through partnerships and joint ventures. The company's headquarters in Duluth, Minnesota, serves as the central hub for its operations. With its focus on renewable energy, Allete continues to adapt to changing market dynamics and strives for environmental stewardship

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Company Type

Public Company

Company Size

1001-5000

Year Founded

1906

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