ALLETE is well-positioned as a reliable provider of competitively-priced energy in the upper Midwest, and has a strategic investment in the American Transmission Company. ALLETE's Minnesota Power electric utility serves 144,000 residents, 16 municipalities and some of the nation's largest industrial customers. Other businesses include BNI Coal in North Dakota, ALLETE Clean Energy, a developer of energy projects with limited environmental impact, and ALLETE Properties, which owns 10,000 acres of real estate in northeast Florida. Would you like to work for a company with Boundless Opportunities? Then your future may be at ALLETE! We have career opportunities at various locations throughout northern, eastern and central Minnesota, Western Wisconsin, and North Dakota.

Duluth, US
Size (employees)
1,963 (est)+3%
Allete was founded in 1906 and is headquartered in Duluth, US

Allete Office Locations

Allete has offices in Duluth, Bismarck, Saint Michael, Salem
Duluth, US
Salem, US
Saint Michael, US
Bismarck, US

Allete Metrics

Allete Summary

Market capitalization

$3.3 b

Closing share price

Allete's current market capitalization is $3.3 b.

Allete Financials

Allete's revenue is $1.3 b in FY, 2016 which is a 9.9% decrease from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016


$1 b$1.1 b$1.5 b$1.3 b

Revenue growth, %


Cost of goods sold

$144.7 m

Gross profit

$1.2 b

Operating expense total

$456.2 m$333.5 m$1.1 b


$133.8 m$169.2 m$194.4 m$223.5 m

Interest expense

($70.3 m)

Income tax expense

$19.8 m

Net Income

$104.7 m$125.5 m$141.5 m$155.8 m

Operating cash flow

$16.5 m$48.5 m($48.8 m)

Allete Market Value History

Allete Online Presence

Allete Company Life

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