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Allete First Quarter Earnings Up From 2012

Allete logo
Allete logo

DULUTH, MN (KDAL) - Allete Incorporated has reported first quarter earnings of 83 cents per share on net income of 32.5 million dollars compared to 66 cents on net income of 24.4 million in the first quarter of 2012.  Allete's Regulated Operations segments includes Minnesota Power, Superior Water Light And Power and the company's investment in the American Transmission Company, recorded net income of 32.1 million compared to 24.4 in 2012.  Allete is headquartered in Duluth.