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ALLETE Clean Energy announces renewable energy sale agreements with two more Fortune 500 companies for Caddo wind site in Oklahoma


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 its Caddo wind site under construction in Oklahoma.
The 303-megawatt Caddo site, with renewable energy sale agreements with three investment-grade Fortune 500 customers, will double ALLETE Clean Energy’s capacity to serve the accelerating corporate demand for clean energy. The project is in Caddo County in southern Oklahoma. ....

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ALLETE Board of Directors Raises Quarterly Common Stock Dividend


Press release content from Business Wire. The AP news staff was not involved in its creation.
ALLETE Board of Directors Raises Quarterly Common Stock Dividend
February 4, 2021 GMT
DULUTH, Minn. (BUSINESS WIRE) Feb 4, 2021
ALLETE, Inc. (NYSE:ALE) today announced that its Board of Directors has increased the quarterly dividend on the company’s common stock to 63 cents per share, a two percent increase.
“ALLETE’s board is confident in this dividend increase given our growth outlook for ALLETE,” said ALLETE President and CEO Bethany Owen. “We are pleased to deliver another dividend increase to our shareholders, and this adds to our track record of more than 71 consecutive years of dividends paid.” ....

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ALLETE subsidiaries secure tax equity funding for two wind sites


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, LLC to FNBC Leasing Corp., an affiliate of JPM Capital Corp. The Diamond Spring wind site is a 303-megawatt wind facility in southern Oklahoma that sells renewable energy to Walmart, Smithfield Foods and Starbucks through renewable energy sales agreements. It achieved full commercial operation in early December. ....

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