AES Indiana Competitors and Similar CompaniesClear all

Allete's competitors and similar companies include Hydro One and Direct Energy.

	Allete ALLETE is a provider of competitively-priced energy in the upper Midwest.	Hydro One Hydro One is a holding company that provides electricity transmission and distribution services through its subsidiaries.	Direct Energy Direct Energy is a retail energy provider offering electricity and natural gas plans to residential and small business customers.
Founding Date	Founding Date 1906	Founding Date 1999	Founding Date 2000
Type	Type Public	Type Public	Type Subsidiary
Tags	Tags Energy & Utilities electricity energy services renewables	Tags Financial Services financial management holding company	Tags Energy & Utilities electricity energy services natural gas renewables
Locations	Locations Duluth, US HQ Annapolis, US Bismarck, US Salem, US	Locations Toronto, CA HQ Markham, CA	Locations Houston, US HQ Columbia, US Houston, US Terrace Park, US
Employees	Employees 1,316	Employees 7,261	Employees 2,153
Valuation ($)	Valuation ($) 3.7 b	Valuation ($) 19.5 b	Valuation ($) N/A
Financial
Revenue (est.)	Revenue (est.) $1.5b (FY, 2024)	Revenue (est.) $9b (FY, 2025)	Revenue (est.) N/A
Cost of goods	Cost of goods $129.2m (FY, 2024)	Cost of goods $4.5b (FY, 2025)	Cost of goods N/A
Gross profit	Gross profit $1.4b (FY, 2024)	Gross profit $4.6b (FY, 2025)	Gross profit N/A
Net income	Net income $121.7m (FY, 2024)	Net income $1.3b (FY, 2025)	Net income N/A
Operating ⚠
Types of Services	Types of Services N/A	Types of Services 2 (Jul, 2023)	Types of Services 2 (Apr, 2023)