ALLETE's Clean-Energy Journey Continues, with Canadian and New York Money

May 10, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Building a clean-energy future isn't cheap, but ALLETE Incorporated (NYSE:ALE) (Duluth, Minnesota), corporate parent to Minnesota Power (Duluth), will be better able to continue its sustainability strategy following its May 6 decision to be acquired by a consortium of institutional investors from Canada and New York. Industrial Info is tracking about 25 electricity capital projects under development by an ALLETE business unit, with a combined value of about $3.35 billion.