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April 7, 2021
On the Santa Fe Trail: 1821-2021 The bicentennial of the National Historic Trail is a great reason to hit the road and rediscover why it is the West’s original “Mother Road.” When you get right down to it, almost every trail ever blazed was for profit. Despite all the glory associated with them, the lure of money was behind the Chisholm Trail (first for trade goods, then for selling longhorns in Kansas)and the California and Klondike trails (to find goldfields) and the like. The Santa Fe ...
February 18, 2021
Operator Good day, and welcome to the ALLETE fourth-quarter 2020 financial results call. Todays call is being recorded. Certain statements contained in this conference call that are not descriptions of historical facts are forward-looking statements such as terms defined in the Private Securities Litigation Reform Act of 1995. Because such statements can include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Fact...
February 11, 2021
Press release content from Business Wire. The AP news staff was not involved in its creation. ALLETE Clean Energy announces renewable energy sale agreements with two more Fortune 500 companies for Caddo wind site in Oklahoma February 10, 2021 GMT DULUTH, Minn.--(BUSINESS WIRE)--Feb 10, 2021-- ALLETE Clean Energy, a wholly owned subsidiary of ALLETE, Inc. (NYSE: ALE), announced today renewable energy sale agreements with the Oshkosh Corporation and Hormel Foods for a combined 100 megawatts from ...
January 11, 2021
Daily Energy Insider Published on January 11, 2021 by Chris Galford © Shutterstock ALLETE Clean Energy and ALLETE South Wind, both subsidiaries of ALLETE, have accrued nearly $350 million in tax equity financing for wind facilities in Oklahoma and Minnesota. “The successful closing on tax equity financing for these two wind sites signifies investors’ confidence in ALLETE’s sustainability in action strategy,” ALLETE CFO Robert Adams said. “That strategy is guiding us to a sustainable...
January 8, 2021
Press release content from Business Wire. The AP news staff was not involved in its creation. ALLETE subsidiaries secure tax equity funding for two wind sites January 7, 2021 GMT DULUTH, Minn.--(BUSINESS WIRE)--Jan 7, 2021-- Two wholly owned subsidiaries of ALLETE (NYSE: ALE) have secured a total of nearly $350 million in tax equity financing in support of two recently completed wind energy sites. ALLETE Clean Energy on Dec. 30, 2020, sold Class A passive membership interests in Diamond Spring,...
January 7, 2021
US company Allete has secured almost $350m in tax equity financing in support of two recently completed wind farms in Oklahoma and Minnesota with combined capacity of 553MW. Allete Clean Energy has sold Class A passive membership interests in the 303MW Diamond Spring project in Oklahoma to FNBC Leasing, an affiliate of JPM Capital Corp. The wind farm sells electricity to Walmart, Smithfield Foods and Starbucks and achieved full commercial operation in early December. Allete South Wind has secur...
December 30, 2020
Jimmy Lovrien wants to hear from you! Tips? Thoughts? Story ideas? Send them his way, jlovrien@duluthnews.com. 8:00 am, Dec. 30, 2020 × As the hellscape that has been 2020 winds down, were all hoping for a more stable, healthy 2021. If next year is expected to bring changes to your business, Id love to hear about them. Drop me an email or give me a call. In the meantime, heres some business tidbits to get you through the end of the year: Industries in need of workers, classes offered...
December 28, 2020
Daily Energy Insider ALLETE Clean Energy begins operations at 303 MW Oklahoma wind farm Published on December 28, 2020 by Chris Galford © Shutterstock Operations began at the Diamond Spring wind site in southern Oklahoma last week, providing 303 MW of renewable energy for corporate customers for ALLETE Clean Energy. Under 12-15 year contracts, that energy — enough to power about 114,000 homes — will benefit Walmart, Smithfield Foods, and Starbucks. It is ALLETE’s largest project, and br...
December 23, 2020
Allete Clean Energy has announced the start of commercial operations at its Diamond Spring wind farm in southern Oklahoma. The output from the 303MW Diamond Spring site is contracted to provide renewable energy to Walmart, Smithfield Foods and Starbucks though separate renewable energy sales agreements with 12-15 year terms. Diamond Spring is Allete Clean Energy’s largest wind site, producing enough energy to power about 114,000 homes and increasing the company’s total wind capacity to mor...