ALLETE, Inc. (ALLETE) is engaged in the business of power generation and distribution. Company primarily operates through three segments: Regulated Operations, ALLETE Clean Energy and U.S. Water Services.
Company’s regulated operations consist of ALLETE’s regulated utilities, Minnesota Power (MP) and SWL&P, as well as its investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. Minnesota power offers regulated utility electric service in northeastern Minnesota to approximately 145,000 retail customers. MP also has 16 non-affiliated municipal customers in Minnesota. Segment’s SWL&P offers regulated utility electric, natural gas and water service in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers and 10,000 water customers. ALLETE’s U.S. water services segment offers integrated water management for industry by combining chemical, equipment, engineering and service for customized solutions to reduce water and energy usage, and improve efficiency.
For the fiscal year ended December 2017, company’s revenue increased $79.6 million or 5.9% to $1.4 billion, as compared to the revenues in fiscal 2016.
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