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ALLETE Reports 2012 Earnings


DULUTH, MN (KDAL) - Duluth based ALLETE Incorporated on Friday reported 2012 earnings of $2.58 per share compared with $2.65 per share in 2011.  Income from ALLETE's Regulated Operations segment decreased by 4.3 million over the year.  The Investments and Other segment recorded a net income of a million dollars in 2012 compared to a net loss of 6.6 million in 2011.  CEO Al Hodnik was pleased with the 2012 financial and operational performances and said year end results were in the upper end of the 2.50 to 2.60 guidance range.