ALLETE Sells Wind Farm Amid $3.3 Billion Transmission and Renewable Capex Plan

April 7, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--ALLETE Incorporated (NYSE:ALE) (Duluth, Minnesota) has increased its five-year capital-spending program and now plans to invest about $3.3 billion through 2027 for transmission and distribution (T&D) and clean-energy initiatives, the company said in February as part of its full-year 2022 earnings results. However, despite the investment, the company's clean-energy division recently sold a Wisconsin wind project to two local utilities.