ALLETE, Inc. (ALE) Tops Q1 EPS by 3c
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ALLETE, Inc. Reports Higher First Quarter 2017 Earnings
May 4, 2017 6:30 AM EDTDULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported first quarter 2017 earnings of 97 cents per share on net income of $49.0Â million and operating revenue of $365.6 million. Last years results were 93 cents per share on net income of $45.9 million and operating revenue of $333.8 million.
It has been a tremendous start to 2017 as ALLETE begins the year with solid financial results and significant progress with several key growth initiatives. As previously disclosed, ALLETE Clean Energy has made a strategic investment of approximately $100 million in federal tax credit qualified turbines. This investment further positions... More
