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- ALLETE, Inc.
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Overview
Company Summary
ALLETE, Inc. is a publicly traded energy company based in the United States. The company is primarily engaged in the generation, transmission, and distribution of electricity, as well as premium-quality regulated water utility services. ALLETE operates through its two principal business segments: Regulated Operations and Investments and Other.
Under the Regulated Operations segment, ALLETE operates several utility subsidiaries that provide electricity to customers. One of its notable subsidiaries is Minnesota Power, which serves customers in northeastern Minnesota. Minnesota Power generates electricity using a diversified mix of energy sources, including coal, natural gas, hydro, wind, and biomass. The company also focuses on renewable energy projects and has made significant investments in wind farms and other sustainable energy initiatives.
ALLETE's Investments and Other segment involves various non-utility businesses and investments. This segment primarily consists of the company's investment in American Transmission Company (ATC), where ALLETE holds an equity interest. ATC is a transmission-only utility that operates electric transmission systems in certain regions of the United States.
Additionally, ALLETE owns and operates various real estate properties and holds investments in emerging technologies and other ventures related to energy and utilities.
In summary, ALLETE, Inc. operates in the energy sector, providing electricity and water utility services to customers through its regulated operations segment. The company also holds investments in other ventures, including transmission infrastructure and emerging technologies, through its investments and other segment.