ALLETE, Inc
(NYSE:ALE)

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility elect...

Website: http://www.allete.com

Founded: 1906

Full Time Employees: 1,322

Sector: Utilities

Industry: Utilities-Diversified

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Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2008-03-31

millions except per share amounts
operating revenue																																			365.6	-998,198,660.3	349,600,000	314,800,000	333,800,000	-1,105,798,513.6	462,500,000	323,300,000	320,000,000	-846,098,863.2	288,900,000	260,700,000	296,500,000	-750,398,981.6	251,000,000	235,600,000	263,800,000	-705,199,038.8	248,800,000	216,400,000	240,000,000	-688,999,071.8	226,900,000	219,900,000	242,200,000	-668,899,093	224,100,000	211,200,000	233,600,000	-550,699,233.3	178,800,000	167,000,000	204,900,000	201,700,000	205,300,000
contracts with customers – utility	320.2	305.1	332.8	314.1	310.5	279.8	338.3	319.2	314.3	292.2	312.6	299	322.6	308.7	329	339.7	304.8	290.4	293	266.1	255.1	200.8	265.3	256.3	254.1	249.8	282.2	270.2	261.3	257.8	270.2
contracts with customers – non-utility	53.3	53.8	65.9	49.5	95.4	73.5	63.7	82.3	63.2	239.9	251	125.5	64.5	62.1	51.7	56.5	37.7	42.3	43.4	51.5	35.9	39.6	43.5	45.4	31.3	37.7	72.1	172.4	80.7	80.4	82
other – non-utility	1.5	1.4	1.5	1.2	1.3	1.2	1.3	1.2	1.3	1.3	1.3	1.3	1.2	2.3	2.8	2.8	2.9	2.9	2.8	2.8	2.9	2.8	2.8	2.9	2.9	2.9	2.9	5.7	6	5.9	6
total operating revenue	375	360.3	400.2	364.8	407.2	354.5	403.3	402.7	378.8	533.4	564.9	425.8	388.3	373.1	383.5	399	345.4	335.6	339.2	320.4	293.9	243.2	311.6	304.6	288.3	290.4	357.2	448.3	348	344.1	358.2	337.9	362.5	353.3																										-668,899,093	224,100,000	211,200,000	233,600,000
operating expenses
fuel, purchased power and gas – utility	120.4	113.3	123	120.3	116.5	107.3	133.5	132.1	124.9	107.3	118.6	128.1	136.8	143.2	137.4	173	140.1	128.9	120.4	106.9	93.4	69.3	89	94.8	98.2	87.9	109.8	106.9	103.2	96.5	100.9	113.7	93.5	93.1
transmission services – utility	19.2	19.3	19	20.7	19.6	1.6	22.7	21.9	22.7	23.5	20.1	19.2	19.3	18.3	19.9	19.2	19.2	19.2	17.7	17.2	14.9	16.4	18.5	14	18.3	19.2	18.3	16.8	17.9	16.8	18.4	18.1	18.9	17.6
cost of sales – non-utility	26	24.3	24.9	26	47	31.8	24.4	36.8	33	193.2	210.5	85.9	38.4	41.5	17	21	15.2	15.8	16.8	18.1	15.4	16.3	16.9	18.8	14.7	16.5	30.6	109.4	38.7	37	32.9	41.7	36.1	38.4
operating and maintenance	90.7	96.6	93	74.9	92.7	102.1	91.7	91.1	83.6	84.9	85.7	80.8	83.2	79.6	75.3	59.1	66.7	67.1	66.3	70.1	61.9	59	61	63.3	58.1	66.7	76.2	86.9	80.3	86.8	86.5	91.7	80	84.9	83.3	-240,899,665.9	80,800,000	82,000,000	78,100,000	-246,399,666.5	81,300,000	85,400,000	79,700,000	-340,599,543.8	105,700,000	115,100,000	119,800,000	-311,199,587.1	102,700,000	103,800,000	104,700,000	-294,799,602.9	98,700,000	96,200,000	99,900,000	-276,299,618.8	90,500,000	95,700,000	90,100,000	-262,899,634.4	89,800,000	85,400,000	87,700,000	-224,699,691.1	67,500,000	76,700,000	80,500,000	73,400,000	74,600,000
depreciation and amortization	72.5	73.2	69.7	69.7	70.8	66	65	63.6	63.1	62.8	62.3	60.8	58.7	61	61.7	58.3	57.5	57.9	58	56.5	53.4	54.5	53.4	50.4	49.5	50.2	51.9	52.2	51.5	56.1	45.8	26	50.9	50.1	50.5	-145,699,804.2	48,900,000	48,700,000	48,100,000	-123,499,830	43,200,000	41,300,000	39,000,000
taxes other than income taxes	16.6	15.6	17.6	15.1	15.3	16.3	18.7	14.1	15.5	8.2	19.4	17.3	18.5	15.8	18.8	18.4	15.6	18.5	18	15.2	13.3	15	12.6	13.5	12.5	13.7	13.6	14.1	13.1	14.4	16.3	14.2	14.1	14.2	14.4	-40,599,946.2	12,500,000	14,300,000	13,800,000	-38,499,948.6	12,300,000	13,400,000	12,800,000
total operating expenses	345.4	342.3	347.2	326.7	361.9	325.1	356	359.6	342.8	479.9	516.6	392.1	354.9	359.4	330.1	349	314.3	307.4	297.2	284	252.3	230.5	251.4	254.8	251.3	254.2	300.4	384.3	304.7	307.6	300.8	304.7	293.5	298.3	293	-835,798,883.8	296,200,000	272,600,000	267,000,000	-924,698,724.3	377,300,000	283,800,000	263,600,000	-708,799,052	228,100,000	232,500,000	248,200,000	-643,199,135.7	212,600,000	211,200,000	219,400,000	-597,899,194	203,200,000	193,100,000	201,600,000	-573,199,221.8	188,000,000	193,800,000	191,400,000	-555,799,228.8	188,800,000	179,500,000	187,500,000
operating income	29.6	18	53	38.1	45.3	29.4	47.3	43.1	36	53.5	48.3	33.7	33.4	13.7	53.4	50	31.1	28.2	42	36.4	41.6	12.7	60.2	49.8	37	36.2	56.8	64	43.3	36.5	57.4	33.2	69	55	72.6	-162,399,776.5	53,400,000	42,200,000	66,800,000	-181,099,789.3	85,200,000	39,500,000	56,400,000	-137,299,811.2	60,800,000	28,200,000	48,300,000	-107,199,845.9	38,400,000	24,400,000	44,400,000	-107,299,844.8	45,600,000	23,300,000	38,400,000	-115,799,850	38,900,000	26,100,000	50,800,000	-113,099,864.2	35,300,000	31,700,000	46,100,000	-72,199,894	25,400,000	15,700,000	31,100,000	33,800,000	41,300,000
yoy	-34.66%	-38.78%	12.05%	-11.60%	25.83%	-45.05%	-2.07%	27.89%	7.78%	290.51%	-9.55%	-32.60%	7.40%	-51.42%	27.14%	37.36%	-25.24%	122.05%	-30.23%	-26.91%	12.43%	-64.92%	5.99%	-22.19%	-14.55%	-0.82%	-1.05%	92.77%	-37.25%	-33.64%	-20.94%	-100.00%	-100.00%	-100.00%	-100.00%	-10.33%	-37.32%	6.84%	18.44%	31.90%	40.13%	40.07%	16.77%	28.08%	58.33%	15.57%	8.78%	-0.09%	-15.79%	4.72%	15.63%	-7.34%	17.22%	-10.73%	-24.41%	2.39%	10.20%	-17.67%	10.20%	56.65%	38.98%	101.91%	48.23%	-313.61%	-38.50%
qoq	64.44%	-66.04%	39.11%	-15.89%	54.08%	-37.84%	9.74%	19.72%	-32.71%	10.77%	43.32%	0.90%	143.80%	-74.34%	6.80%	60.77%	10.28%	-32.86%	15.38%	-12.50%	227.56%	-78.90%	20.88%	34.59%	2.21%	-36.27%	-11.25%	47.81%	18.63%	-36.41%	72.89%	-51.88%	25.45%	-24.24%	-100.00%	-404.12%	26.54%	-36.83%	-136.89%	-312.56%	115.70%	-29.96%	-141.08%	-325.82%	115.60%	-41.61%	-145.06%	-379.17%	57.38%	-45.05%	-141.38%	-335.31%	95.71%	-39.32%	-133.16%	-397.69%	49.04%	-48.62%	-144.92%	-420.40%	11.36%	-31.24%	-163.85%	-384.25%	61.78%	-49.52%	-7.99%	-18.16%
other income
interest expense	-25.6	-23.1	-21.4	-20.9	-20.3	-20.1	-20.4	-19.9	-20.5	-21.1	-19.3	-19.9	-18.4	-18.6	-18.3	-17.3	-17.3	-17.4	-17.1	-17.7	-16.3	-15.9	-15.7	-12.225	-16.1	-16.3	-16.5	-12.9	-17.6	-17.1	-16.9	-12.625	-16.6	-16.7	-17.2	-13,250,000	-18,700,000	-17,400,000	-16,900,000	-12,250,000	-17,700,000	-16,200,000	-15,100,000	-9,875,000	-13,200,000	-13,500,000	-12,800,000	-9,450,000	-12,700,000	-12,800,000	-12,300,000	33,399,954.5	-12,300,000	-10,100,000	-11,000,000	32,599,956.4	-10,900,000	-11,000,000	-10,700,000	28,099,960.8	-9,700,000	-9,500,000	-8,900,000	25,399,966.2	-8,300,000	-8,400,000	-8,700,000	-7,500,000	-6,300,000
equity earnings	5.6	5.9	6	8.5	5.1	5.9	5.5	5.6	4.7	5.4	6	5.6	2.3	5.3	5.5	5.7	4.4	5.1	4.8	5.4	5.1	6.4	5.2	6.4	4.9	4.8	5.6
other	5.3	5.2	4.6	3	5.5	5.9	8.6	9.7	68.7	2.5	4.1	6	2.3	12.1	2	2.6	1	1.8	3.3	2.275	2.9	5.2	1	3.65	3	4.2	7.4	2.1	1.4	2.2	2.1	0.4	0.8	0.6	0.6	-2,799,996.1	1,200,000	600,000	1,000,000	-3,499,995.3	1,700,000	700,000	1,100,000	-5,999,991.4	2,100,000	1,900,000	2,000,000	-7,499,990.7	3,300,000	1,500,000	2,700,000	-3,399,994	1,500,000	1,200,000	700,000	-2,299,995.6	500,000	1,000,000	800,000	-3,799,995.4	600,000	2,200,000	1,000,000	-3,799,998.2	800,000	1,900,000	1,100,000	2,800,000	4,600,000
total other expense	-14.7	-12	-10.8			-8.3	-6.3			-13.2	-9.2	-8.3	-13.8	-1.2	-10.8	-9	-11.9	-10.5	-9									-8.225	-12.2	-10.6	-10.1	-7.8	-9.9	-10.8	-10.5	-8,800,000	-11,400,000	-12,700,000	-11,100,000	-7,850,000	-10,500,000	-10,800,000	-10,100,000	-4,475,000	-5,800,000	-6,400,000	-5,700,000	-3,800,000	-4,500,000	-6,300,000	-4,400,000	15,699,979.9	-5,900,000	-4,100,000	-5,700,000	16,599,979.2	-5,700,000	-5,400,000	-5,500,000	-2,725,000	-4,600,000	-2,900,000
income before income taxes	14.9	6	42.2	24.425	35.6	21.1	41	42.075	88.9	40.3	39.1	18.675	19.6	12.5	42.6	17.475	19.2	17.7	33	23.1	33.3	8.4	50.7	32.9	28.8	29.4	73.4	26.075	31.1	25.9	47.3																	23,000,000	33,900,000	18,100,000	40,000,000																27,700,000
income tax expense	1.6	-0.6	7.5	-3.6	2.9	1.4	4	7.5	19.3	-0.4	1.5									-6.95	-5.5	-8.5	-13.8	-1.075	-2.4		2.9	-2.175	0.4	-5.4	-3.7	-19.9	14.2	7.3	13.1	-15,699,980.2	1,700,000	4,700,000	9,300,000	-26,999,974.7	14,400,000	6,400,000	6,200,000	-27,099,963.3	13,400,000	4,900,000	8,800,000	-20,299,971.3	8,700,000	4,100,000	7,500,000	-23,399,962	10,300,000	4,800,000	8,300,000	-24,699,964.4	12,700,000	3,800,000	8,200,000	-40,499,955.7	11,200,000	9,400,000	19,900,000	-21,499,969.2	6,500,000	4,200,000	10,800,000	8,400,000	16,100,000
net income	13.3	6.6	34.7	32.3	32.7	19.7	37	31	69.6	40.7	37.6	37.2	26.8	20.8	46.5	48.6	24.1	21.7	43.4	41.4	38.8	16.9	64.5	49.6	31.2	34.2	70.5	61.1	30.7	31.3	51	41.4	44.9	36.9	49	-111,499,844.2	40,300,000	24,800,000	46,400,000	-122,699,858.5	60,300,000	22,300,000	40,100,000	-92,299,874.5	41,600,000	16,900,000	33,800,000	-71,699,895.3	25,200,000	14,000,000	32,500,000	-68,199,902.9	29,400,000	14,400,000	24,400,000	-74,499,906.4	20,500,000	16,900,000	37,100,000	-61,699,925.2	19,500,000	19,400,000	22,800,000	-41,999,939.3	15,800,000	9,300,000	16,900,000	24,700,000	26,300,000
yoy	-59.33%	-66.50%	-6.22%	4.19%	-53.02%	-51.60%	-1.60%	-16.67%	159.70%	95.67%	-19.14%	-23.46%	11.20%	-4.15%	7.14%	17.39%	-37.89%	28.40%	-32.71%	-16.53%	24.36%	-50.58%	-8.51%	-18.82%	1.63%	9.27%	38.24%	47.58%	-31.63%	-15.18%	4.08%	-100.00%	-100.00%	-100.00%	-100.00%	-9.13%	-33.17%	11.21%	15.71%	32.94%	44.95%	31.95%	18.64%	28.73%	65.08%	20.71%	4.00%	5.13%	-14.29%	-2.78%	33.20%	-8.46%	43.41%	-14.79%	-34.23%	20.75%	5.13%	-12.89%	62.72%	46.90%	23.42%	108.60%	34.91%	-270.04%	-39.92%
qoq	101.52%	-80.98%	7.43%	-1.22%	65.99%	-46.76%	19.35%	-55.46%	71.01%	8.24%	1.08%	38.81%	28.85%	-55.27%	-4.32%	101.66%	11.06%	-50.00%	4.83%	6.70%	129.59%	-73.80%	30.04%	58.97%	-8.77%	-51.49%	15.38%	99.02%	-1.92%	-38.63%	23.19%	-7.80%	21.68%	-24.69%	-100.00%	-376.67%	62.50%	-46.55%	-137.82%	-303.48%	170.40%	-44.39%	-143.45%	-321.87%	146.15%	-50.00%	-147.14%	-384.52%	80.00%	-56.92%	-147.65%	-331.97%	104.17%	-40.98%	-132.75%	-463.41%	21.30%	-54.45%	-160.13%	-416.41%	0.52%	-14.91%	-154.29%	-365.82%	69.89%	-44.97%	-31.58%	-6.08%
net loss attributable to non-controlling interest	-13.8	-25.3	-21.4	-18.3	-12.3	-13.3	-13.7	-20.5	-16.3	-10.8	-20.6	-14.5	-6.9	-16.8	-19.8	-13.3	-3.5	-6.2	-8.4	-5.7	-1.9	-3.2	-1.8
net income attributable to allete	27.1	31.9	56.1	50.6	45	33	50.7	51.5	85.9	51.5	58.2	51.7	33.7	37.6	66.3	61.9	27.6	27.9	51.8	47.1	40.7	20.1	66.3									41.4	44.9	36.9	49	-110,999,844.7	40,300,000	24,800,000	45,900,000	-122,799,858.9	60,400,000	22,500,000	39,900,000	-91,899,875.2	41,600,000	16,800,000	33,500,000					-68,199,902.9	29,400,000	14,400,000	24,400,000	-74,699,906.2	20,500,000	17,000,000	37,200,000	-61,999,924.7	19,600,000	19,400,000	23,000,000	-42,299,939	16,000,000	9,400,000
average shares of common stock
basic	58.1	58	57.9		57.8	57.7	57.6		57.4	57.3	57.3	0.4	57.1	56.1	53.3	0.1	52.4	52.2	52.1	0.1	51.9	51.8	51.7		51.7	51.6	51.6		51.4	51.3	51.2	0.1	51	50.9	50.2	-49,299,950.7	49,400,000	49,300,000	49,200,000	-47,999,951.7	48,800,000	48,600,000	46,900,000	-42,099,957.1	42,900,000	42,100,000	41,400,000	-39,399,960.3	39,800,000	39,400,000	38,900,000	-37,299,962.4	37,700,000	37,300,000	36,800,000	-35,099,964.7	35,600,000	35,000,000	34,600,000	-34,099,965.8	34,400,000	34,100,000	33,800,000	-31,799,967.8	32,800,000	31,800,000	30,900,000	29,100,000	28,100,000
diluted	58.2	58.1	58		57.9	57.8	57.7		57.5	57.4	57.3	0.4	57.2	56.1	53.3	0.2	52.5	52.3	52.2		52	51.9	51.8		51.8	51.7	51.7		51.6	51.5	51.4	0.1	51.2	51.1	50.4	-49,399,950.5	49,500,000	49,500,000	49,200,000	-48,099,951.6	48,900,000	48,700,000	47,100,000	-42,299,956.9	42,900,000	42,300,000	41,600,000	-39,499,960.2	39,900,000	39,600,000	39,000,000	-37,299,962.4	37,800,000	37,400,000	36,900,000	-35,199,964.6	35,700,000	35,100,000	34,700,000	-34,199,965.7	34,500,000	34,200,000	33,800,000	-31,899,967.8	32,900,000	31,800,000	31,000,000	29,300,000	28,100,000
basic earnings per share of common stock	0.47	0.55	0.97	0.88	0.78	0.57	0.88	0.9	1.5	0.9	1.02	0.9	0.59	0.67	1.24	1.18	0.53	0.53	0.99	0.91	0.78	0.39	1.28	0.96	0.6	0.66	1.37	1.19	0.59	0.61	1	0.81	0.88	0.73	0.97	0.9	0.82	0.5	0.93	0.36	1.24	0.46	0.85	0.73	0.97	0.4	0.81	0.82	0.63	0.36	0.83	0.76	0.78	0.39	0.66	0.53	0.57	0.49	1.07	0.38	0.57	0.57	0.68
diluted earnings per share of common stock	0.46	0.55	0.97	0.87	0.78	0.57	0.88	0.89	1.49	0.9	1.02	0.9	0.59	0.67	1.24	1.18	0.53	0.53	0.99	0.9	0.78	0.39	1.28	0.96	0.6	0.66	1.37	1.19	0.59	0.61	0.99	0.81	0.88	0.72	0.97	0.89	0.81	0.5	0.93	0.37	1.23	0.46	0.85	0.73	0.97	0.4	0.8	0.82	0.63	0.35	0.83	0.75	0.78	0.39	0.66	0.53	0.57	0.48	1.07	0.38	0.56	0.57	0.68
total other income				-9.4	-9.7			-4.6	52.9											-5.525	-8.3	-4.3	-9.5	0.4	-8.2	-6.8	16.6																																				-3,400,000
income tax benefit												-11.8	-7.2	-8.3	-3.9	-7.6	-4.9	-4	-10.4							-4.8
gain on sale of u.s. water services																								3		0.5	20.1
equity earnings in atc																												4.5	4	4.3	4.7	5.2	5.9	5.3	6.1	-14,999,981.5	6,100,000	4,100,000	4,800,000	-14,099,983.7	5,500,000	4,700,000	3,900,000	-15,599,980.4	5,300,000	5,200,000	5,100,000	-15,099,979.7	4,900,000	5,000,000	5,200,000	-14,299,980.6	4,900,000	4,800,000	4,600,000	-13,699,981.6	4,700,000	4,600,000	4,400,000	-13,399,982.1	4,500,000	4,400,000	4,500,000	-12,899,982.5	4,400,000	4,300,000	4,200,000	4,200,000	2,900,000
dividends per share of common stock																												0.42	0.56	0.56	0.56	0.535	0.535	0.535	0.535	0.52	0.52	0.52	0.52	0.505	0.505	0.505	0.505	0.49	0.49	0.49	0.49	0.475	0.475	0.475	0.475	0.46	0.46	0.46	0.46	0.445	0.445	0.445	0.445	0.44	0.44	0.44	0.44	0.44	0.44	0.44	0.44	0.43	0.41
utility																																239.7	277.6	264.9
non-utility																																98.2	84.9	88.4
income before non-controlling interest and income taxes																																21.5	59.1	44.2	62.1	-127,199,824.4	42,000,000	29,500,000	55,700,000	-149,699,833.2	74,700,000	28,700,000	46,300,000	-119,399,837.8	55,000,000	21,800,000	42,600,000					-91,599,864.9	39,700,000	19,200,000	32,700,000	-99,199,870.8	33,200,000	20,700,000	45,300,000	-102,199,880.9	30,700,000	28,800,000	42,700,000	-63,499,908.5	22,300,000	13,500,000
less: non-controlling interest in subsidiaries																																				-499,999.5			500,000	100,000.4	-100,000	-200,000	200,000	-399,999.3		100,000	300,000									199,999.8		-100,000	-100,000	299,999.5	-100,000		-200,000	299,999.7	-200,000	-100,000
fuel and purchased power																																			93	-245,999,667.1	91,000,000	78,100,000	76,900,000	-242,899,671.9	76,800,000	80,100,000	86,000,000	-268,699,643.9	88,900,000	83,600,000	96,200,000	-245,699,665.2	80,500,000	78,700,000	86,500,000	-228,699,691.3	79,500,000	72,100,000	77,100,000	-229,799,693.4	74,800,000	76,000,000	79,000,000	-233,099,674.9	79,000,000	74,300,000	79,800,000	-199,399,720.5	69,800,000	56,800,000	72,800,000	81,000,000	77,700,000
transmission services																																			16.6	-49,499,934.8	16,600,000	16,100,000	16,800,000	-40,099,945.9	13,900,000	11,300,000	14,900,000
cost of sales																																			35.2	-113,099,855.3	46,400,000	33,400,000	33,300,000	-233,299,697.7	149,800,000	52,300,000	31,200,000
depreciation																																												-99,499,864.3	33,500,000	33,800,000	32,200,000	-86,299,883.4	29,400,000	28,700,000	28,200,000	-74,399,899.8	25,000,000	24,800,000	24,600,000	-67,099,909.6	22,700,000	22,100,000	22,300,000	-59,799,919.5	20,000,000	19,800,000	20,000,000	-46,799,935.3	16,100,000	15,500,000	15,200,000	13,500,000	11,700,000
prior year rate refunds																																																																7,599,992.4		-2,300,000	-5,300,000
basic and diluted earnings per share of common stock																																																																0.333	0.49	0.29	0.55	0.85	0.93
income before minority interest and income taxes																																																																				33,300,000	42,500,000
minority interest																																																																				200,000	100,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30

millions
assets
current assets
cash and cash equivalents	78,700,000	55,400,000	92,000,000	32,800,000	101,900,000	37,500,000	32,000,000	71,900,000	125,500,000	47,900,000	29,900,000	36,400,000	42,100,000	74,600,000	60,100,000	45,100,000	59,000,000	62,500,000	159,000,000	44,300,000	79,000,000	25,700,000	67,000,000	69,300,000	100,300,000	203,100,000	353,300,000	69,100,000	128,000,000	121,900,000	98,500,000	98,900,000	104,400,000	84,200,000	81,800,000	27,500,000	107,200,000	91,900,000	97,000,000	97,000,000	103,000,000	60,600,000	72,100,000	145,800,000	150,500,000	83,600,000	44,600,000	97,300,000	164,500,000	145,000,000	77,300,000	80,800,000	104,300,000	8,600,000	118,200,000	101,100,000	135,100,000	79,400,000	52,700,000	44,900,000	92,300,000	45,300,000	32,500,000	25,700,000	54,300,000	72,400,000	98,000,000	102,000,000	78,100,000	99,100,000	76,200,000	23,300,000	61,400,000
accounts receivable	146,100,000	129,700,000	143,200,000	148,100,000	136,800,000	133,000,000	142,200,000	137,200,000	119,600,000	123,200,000	120,300,000	137,900,000	120,500,000	116,200,000	118,400,000	123,700,000	110,200,000	105,200,000	113,500,000	111,900,000	92,000,000	85,800,000	99,400,000	96,400,000	85,100,000	87,400,000	98,900,000	144,400,000	129,400,000	132,400,000	128,200,000	135,100,000	136,700,000	120,100,000	122,800,000	122,500,000	108,100,000	113,600,000	124,800,000	121,200,000	110,700,000	103,900,000	111,800,000	103,000,000	82,400,000	78,900,000	97,400,000	96,300,000	79,900,000	78,700,000	86,200,000	89,000,000	73,200,000	66,700,000	76,700,000	79,700,000	75,800,000	71,900,000	91,500,000	99,500,000	112,100,000	107,900,000	119,000,000	118,500,000				76,300,000				79,500,000
inventories – net	184,900,000	178,200,000	171,100,000	154,600,000	166,600,000	184,300,000	182,700,000	175,400,000	180,300,000	194,300,000	346,900,000	455,900,000	472,200,000	355,800,000	196,600,000	97,700,000	89,600,000	88,100,000	74,000,000	74,200,000	74,800,000	82,000,000	79,000,000	72,800,000	84,600,000	78,200,000	73,800,000	86,700,000	154,800,000	145,400,000	143,100,000	95,900,000	102,600,000	103,400,000	110,500,000	104,200,000
prepayments and other	75,300,000	89,600,000	71,600,000	99,700,000	78,100,000	77,400,000	76,300,000	83,600,000	77,800,000	80,800,000	72,600,000	87,800,000	87,400,000	113,400,000	105,400,000	24,800,000	19,900,000	23,500,000	31,900,000	24,500,000	19,300,000	29,500,000	29,400,000	31,000,000	26,100,000	28,600,000	30,400,000	34,100,000	27,200,000	24,300,000	33,800,000	37,600,000	44,200,000	38,800,000	45,500,000	40,300,000	38,900,000	38,400,000	41,500,000	35,700,000	42,500,000	36,500,000	88,500,000	82,000,000	29,300,000	32,200,000	33,400,000	35,100,000	29,200,000	26,200,000	28,100,000	33,600,000	23,800,000	25,500,000	22,900,000	27,100,000	22,800,000	20,600,000	24,500,000	28,600,000	26,700,000	21,900,000	19,400,000	24,300,000	24,500,000	25,700,000	19,700,000	24,300,000	16,900,000	27,200,000	29,600,000	39,100,000	25,400,000
total current assets	485,000,000	452,900,000	477,900,000	435,200,000	483,400,000	432,200,000	433,200,000	468,100,000	503,200,000	446,200,000	569,700,000	718,000,000	722,200,000	660,000,000	480,500,000	291,300,000	278,700,000	279,300,000	378,400,000	254,900,000	265,100,000	223,000,000	274,800,000	269,500,000	296,100,000	397,300,000	556,400,000	334,300,000	439,400,000	424,000,000	403,600,000	367,500,000	387,900,000	346,500,000	360,600,000	294,500,000	361,600,000	354,300,000	379,300,000	371,000,000	403,300,000	330,600,000	390,000,000	418,800,000	357,800,000	293,500,000	269,400,000	307,000,000	369,000,000	320,900,000	255,900,000	273,200,000	278,000,000	170,100,000	290,000,000	277,000,000	302,800,000	233,200,000	224,800,000	239,700,000	294,000,000	232,200,000	222,600,000	225,500,000				252,300,000				214,500,000
property, plant and equipment – net	5,528,800,000	5,324,000,000	5,255,500,000	5,181,500,000	5,112,800,000	5,079,500,000	5,009,100,000	5,013,400,000	4,996,800,000	4,973,900,000	4,979,300,000	5,004,000,000	5,011,000,000	5,027,100,000	5,078,300,000	5,100,200,000	5,053,100,000	5,021,600,000	4,930,600,000	4,840,800,000	4,697,500,000	4,644,500,000	4,496,300,000	4,377,000,000	4,210,700,000	4,062,900,000	3,940,500,000	3,904,400,000	3,846,500,000	3,809,300,000	3,786,100,000	3,822,400,000	3,746,300,000	3,745,600,000	3,745,300,000	3,741,200,000	3,644,500,000	3,631,300,000	3,642,300,000	3,669,100,000	3,639,100,000	3,451,500,000	3,319,200,000	3,286,400,000				2,576,500,000				2,347,600,000				1,982,700,000				1,805,600,000				1,622,700,000				1,387,300,000				1,104,500,000
regulatory assets	360,400,000	363,000,000	364,600,000	371,700,000	386,100,000	394,700,000	409,000,000	425,400,000	443,300,000	454,500,000	469,100,000	441,000,000	447,100,000	470,900,000	464,200,000	511,800,000	502,900,000	491,900,000	472,700,000	480,900,000	427,900,000	424,700,000	423,800,000	420,500,000	393,100,000	391,200,000	385,100,000	389,500,000	370,600,000	374,500,000	376,000,000	384,700,000	310,600,000	324,500,000	320,900,000	359,600,000	358,900,000	359,100,000	367,100,000	372,000,000	353,300,000	359,600,000	358,000,000	357,300,000	277,100,000	270,800,000	267,000,000	263,800,000	340,300,000	337,500,000	336,600,000	340,300,000	334,600,000	336,900,000	339,300,000	345,900,000	286,900,000	290,200,000	288,500,000	310,200,000	282,500,000	287,800,000	287,900,000	293,200,000
equity investments	357,700,000	350,500,000	344,000,000	340,100,000	337,900,000	336,000,000	333,100,000	331,200,000	329,700,000	327,500,000	323,900,000	322,700,000	320,300,000	322,000,000	320,600,000	318,000,000	317,800,000	317,800,000	301,500,000	301,200,000	291,800,000	267,100,000	225,700,000	197,600,000	183,300,000	160,200,000	154,800,000	161,100,000
goodwill and intangible assets – net	155,200,000	155,300,000	155,300,000	155,300,000	155,300,000	155,400,000	155,400,000	155,400,000	155,500,000	155,500,000	155,500,000	155,600,000	155,800,000	151,100,000										1,000,000	1,000,000	1,100,000	1,100,000	223,300,000	224,700,000	225,800,000	224,500,000	225,900,000	228,900,000	210,800,000	212,000,000	213,400,000	211,400,000	212,700,000	213,900,000	215,200,000	212,900,000	213,400,000	214,300,000
other non-current assets	265,800,000	267,500,000	269,000,000	270,500,000	261,700,000	263,500,000	264,800,000	262,900,000	216,300,000	210,300,000	207,000,000	204,300,000	201,600,000	207,900,000	212,400,000	213,700,000	179,700,000	182,700,000	191,300,000	206,800,000	196,200,000	201,100,000	198,900,000	217,200,000	191,600,000	163,800,000	180,900,000	103,300,000	104,400,000	105,000,000	109,000,000	107,700,000	103,000,000	104,800,000	105,200,000	106,500,000	106,500,000	98,900,000	68,600,000	80,700,000	83,700,000	78,700,000	61,600,000	62,800,000	74,400,000	75,400,000	74,700,000	68,600,000	42,900,000	43,900,000	44,500,000	41,500,000	40,400,000	39,100,000	38,300,000	39,200,000	35,200,000	35,700,000	35,900,000	34,300,000	33,600,000	33,400,000
total assets	7,152,900,000	6,913,200,000	6,866,300,000	6,754,300,000	6,737,200,000	6,661,300,000	6,604,600,000	6,656,400,000	6,644,800,000	6,567,900,000	6,704,500,000	6,845,600,000	6,858,000,000	6,839,000,000	6,556,000,000	6,435,000,000	6,332,200,000	6,293,300,000	6,274,500,000	6,084,600,000	5,878,500,000	5,760,400,000	5,619,500,000	5,482,800,000	5,275,800,000	5,176,500,000	5,218,800,000	5,165,000,000	5,163,300,000	5,114,700,000	5,072,100,000	5,080,000,000	4,978,500,000	4,931,500,000	4,941,900,000	4,906,400,000	4,874,800,000	4,857,600,000	4,872,700,000	4,907,100,000	4,931,800,000	4,673,000,000	4,580,100,000	4,360,800,000	4,067,900,000	3,895,600,000	3,749,200,000	3,476,800,000	3,463,900,000	3,350,900,000	3,251,300,000	3,253,400,000	3,138,100,000	2,962,200,000	2,906,600,000	2,876,000,000	2,754,400,000	2,645,500,000	2,613,400,000	2,609,100,000	2,579,100,000	2,447,800,000	2,416,000,000	2,393,100,000	2,255,100,000	2,217,600,000	2,168,900,000	2,134,800,000	1,847,600,000	1,788,800,000	1,715,800,000	1,644,200,000	1,646,500,000
liabilities, redeemable non-controlling interest and equity
liabilities
current liabilities
accounts payable	116,700,000	124,000,000	106,000,000	113,600,000	110,800,000	94,100,000	84,200,000	102,200,000	112,300,000	89,300,000	84,900,000	103,000,000	124,300,000	134,800,000	75,900,000	111,000,000	101,900,000	100,000,000	107,000,000	110,000,000	79,000,000	86,100,000	164,400,000	165,200,000	143,500,000	150,400,000	134,400,000	149,800,000	131,800,000	105,000,000	88,100,000	136,300,000	75,300,000	61,000,000	59,200,000	74,000,000	72,600,000	64,800,000	58,800,000	88,800,000	125,000,000	94,800,000	98,900,000	134,100,000	92,700,000	93,200,000	78,100,000	99,900,000	84,300,000	52,100,000	53,300,000	90,500,000	57,400,000	78,300,000	51,500,000	71,800,000	44,100,000	44,400,000	48,200,000	75,400,000	66,500,000	56,000,000	36,400,000	62,100,000	54,800,000	59,000,000	51,900,000	75,700,000	58,500,000	69,200,000	57,900,000	72,700,000	52,000,000
accrued taxes	56,900,000	43,300,000	64,900,000	54,600,000	60,200,000	47,200,000	62,900,000	51,000,000	63,500,000	50,400,000	81,400,000	69,100,000	69,500,000	52,700,000	78,500,000	65,100,000	67,400,000	53,000,000	75,200,000	59,400,000	60,000,000	48,500,000	63,000,000	50,800,000	53,400,000	41,300,000	60,300,000	51,400,000	53,900,000	42,000,000	60,500,000	50,000,000	51,800,000	39,100,000	56,100,000	46,500,000	36,700,000	37,700,000	52,200,000	44,000,000	34,800,000	34,900,000	47,400,000	38,700,000	30,900,000	30,900,000	42,900,000	34,800,000	26,100,000	26,400,000	36,200,000	30,200,000	22,500,000	22,600,000	30,800,000	26,400,000	20,300,000	19,800,000	27,800,000	22,000,000	18,000,000	16,800,000	25,000,000	20,600,000	15,900,000	15,800,000	17,700,000	12,900,000	16,400,000	15,700,000	27,400,000	14,800,000	13,800,000
accrued interest	26,100,000	25,300,000	19,000,000	23,400,000	19,100,000	21,700,000	16,300,000	21,100,000	16,200,000	21,300,000	14,900,000	20,500,000	15,100,000	20,300,000	15,300,000	20,100,000	15,300,000	19,500,000	15,300,000	19,800,000	15,800,000	18,000,000	15,100,000	18,100,000	15,000,000	17,700,000	14,900,000	17,900,000	15,500,000	18,000,000	14,600,000	17,600,000	14,600,000	17,500,000	14,800,000	17,600,000	14,800,000	17,800,000	14,900,000	18,600,000	14,500,000	17,700,000	14,500,000	18,000,000	14,800,000	17,400,000	15,200,000	15,700,000	14,900,000	15,900,000	14,100,000	15,600,000	14,200,000	12,800,000	11,300,000	12,800,000	13,000,000	12,800,000	13,600,000	13,400,000	12,300,000	12,700,000	9,700,000	11,100,000	9,900,000	12,000,000	10,000,000	8,900,000	8,900,000	9,600,000	6,000,000	7,800,000	5,900,000
long-term debt due within one year	138,100,000	63,600,000	94,200,000	94,700,000	41,800,000	42,100,000	17,200,000	111,400,000	111,000,000	106,700,000	176,400,000	272,600,000	308,600,000	390,500,000	278,100,000	214,200,000	377,400,000	362,600,000	298,500,000	203,700,000	404,500,000	509,700,000	323,000,000	212,900,000	212,700,000	27,700,000	14,300,000	57,500,000	56,600,000	56,700,000	106,200,000	64,100,000	64,100,000	117,700,000	162,600,000	187,700,000	186,600,000	64,500,000	14,800,000	36,300,000	49,100,000	118,000,000	122,300,000	100,700,000	85,300,000	10,800,000	11,100,000	27,200,000	37,700,000	37,900,000	41,200,000	84,500,000	67,300,000	67,400,000	5,500,000	5,400,000	12,800,000	12,900,000	13,000,000	13,400,000	1,600,000	1,600,000	1,600,000	5,200,000	12,000,000	13,000,000	14,000,000	10,400,000	17,200,000	14,800,000	12,800,000	11,800,000	29,400,000
other	75,400,000	81,700,000	96,500,000	117,900,000	102,500,000	92,500,000	80,200,000	91,900,000	110,500,000	112,600,000	106,800,000	251,000,000	188,500,000	110,700,000	108,800,000	133,000,000	84,000,000	60,400,000	78,900,000	66,700,000	70,700,000	65,400,000	57,600,000	60,400,000	58,700,000	59,500,000	98,500,000	128,500,000	144,900,000	128,500,000	130,200,000	83,200,000	84,700,000	70,100,000	70,600,000	73,700,000	93,600,000	85,900,000	82,800,000	86,100,000	94,300,000	135,600,000	118,600,000	120,800,000	60,400,000	61,100,000	61,200,000	52,600,000	59,300,000	60,800,000	57,800,000	62,600,000	53,100,000	51,300,000	41,800,000	45,600,000	26,200,000	23,600,000	22,600,000	33,700,000	31,600,000	30,700,000	34,200,000	32,200,000	44,200,000	40,100,000	37,700,000	36,800,000	28,000,000	24,000,000	26,800,000	27,300,000	23,200,000
total current liabilities	413,200,000	337,900,000	380,600,000	404,200,000	334,400,000	297,600,000	260,800,000	377,600,000	413,500,000	380,300,000	464,400,000	716,200,000	706,000,000	709,000,000	556,600,000	543,400,000	646,000,000	595,500,000	574,900,000	459,600,000	630,000,000	727,700,000	623,100,000	507,400,000	483,300,000	296,600,000	322,400,000	405,100,000	402,700,000	350,200,000	399,600,000	351,200,000	290,500,000	305,400,000	364,600,000	399,500,000	404,300,000	271,600,000	224,200,000	275,400,000	317,700,000	401,000,000	402,000,000	416,000,000	286,800,000	213,400,000	208,500,000	230,200,000	223,500,000	193,100,000	202,600,000	283,400,000	214,800,000	232,400,000	142,500,000	163,100,000	122,000,000	116,000,000	125,700,000	158,900,000	131,000,000	119,200,000	108,600,000	133,100,000				150,700,000				137,100,000
long-term debt	2,098,900,000	1,931,800,000	1,832,800,000	1,704,700,000	1,743,700,000	1,746,000,000	1,772,400,000	1,679,900,000	1,686,100,000	1,685,900,000	1,755,500,000	1,648,200,000	1,653,000,000	1,595,600,000	1,669,400,000	1,763,200,000	1,649,400,000	1,664,600,000	1,652,400,000	1,593,200,000	1,608,000,000	1,381,000,000	1,399,900,000	1,400,900,000	1,404,900,000	1,505,900,000	1,525,000,000	1,428,500,000	1,461,700,000	1,462,200,000	1,396,500,000	1,439,200,000	1,444,600,000	1,401,400,000	1,370,200,000	1,370,400,000	1,358,900,000	1,498,900,000	1,551,300,000	1,568,700,000	1,549,000,000	1,272,400,000	1,253,800,000	1,272,800,000	1,289,200,000	1,316,800,000	1,202,500,000	1,083,000,000	1,064,200,000	1,064,700,000	975,100,000	933,600,000	947,600,000	808,400,000	856,500,000	857,900,000	844,400,000	770,700,000	771,000,000	771,600,000	784,200,000	709,600,000	710,100,000	695,800,000	628,400,000	627,200,000	627,100,000	588,300,000	537,200,000	538,500,000	470,300,000	410,900,000	409,000,000
deferred income taxes	291,700,000	278,900,000	269,500,000	253,400,000	255,500,000	215,600,000	195,000,000	192,700,000	171,200,000	153,600,000	156,300,000	158,100,000	177,000,000	181,800,000	188,300,000	185,700,000	187,100,000	188,700,000	190,200,000	195,700,000	204,800,000	202,300,000	207,000,000	212,800,000	213,900,000	213,500,000	215,500,000	223,600,000	231,300,000	228,500,000	229,700,000	230,500,000	592,900,000	577,000,000	568,600,000	584,100,000	582,100,000	595,100,000	589,700,000		28,000,000	21,800,000	14,900,000	7,500,000	24,000,000	23,500,000	25,100,000	19,000,000	30,700,000	435,500,000	430,900,000	423,800,000	400,000,000	388,000,000	383,400,000	373,600,000	373,000,000	353,800,000	341,900,000	325,200,000	321,000,000	276,900,000	266,500,000	253,100,000	217,500,000	199,300,000	182,200,000	169,600,000	165,800,000	152,600,000	148,500,000	144,200,000	137,300,000
regulatory liabilities	593,500,000	586,700,000	580,600,000	570,500,000	562,100,000	561,000,000	564,000,000	574,000,000	549,300,000	538,000,000	526,400,000	526,100,000	527,400,000	532,600,000	533,400,000	536,100,000	509,500,000	514,900,000	517,900,000	524,800,000	547,100,000	569,600,000	566,400,000	560,300,000	510,400,000	508,800,000	504,100,000	512,100,000	512,300,000	516,000,000	516,000,000	532,000,000	111,500,000	125,800,000	125,000,000	125,800,000	122,900,000	94,600,000	102,200,000	105,000,000	105,800,000	104,800,000	101,200,000	94,200,000	103,100,000	100,100,000	89,900,000	81,000,000	68,700,000	63,100,000	59,200,000	60,100,000	54,800,000	49,300,000	45,300,000	43,500,000	44,600,000	43,400,000	45,400,000	43,600,000	46,000,000	46,500,000	47,200,000	47,100,000
defined benefit pension and other postretirement benefit plans	99,600,000	99,400,000	99,200,000	118,200,000	134,500,000	135,000,000	135,400,000	160,800,000	164,200,000	173,600,000	173,800,000	179,700,000	171,900,000	174,600,000	177,200,000	179,500,000	207,600,000	210,700,000	212,500,000	225,800,000	157,500,000	159,500,000	161,400,000	172,800,000	162,400,000	163,900,000	165,200,000	177,300,000	173,600,000	175,200,000	175,200,000	191,800,000	195,200,000	195,800,000	195,100,000	210,900,000	197,700,000	204,500,000	205,700,000	206,800,000	189,600,000	190,000,000	190,400,000	190,900,000	116,800,000	117,000,000	117,200,000	133,400,000	216,000,000	216,200,000	216,300,000	228,200,000	254,000,000	253,800,000	254,000,000	253,500,000	217,100,000	222,900,000
other non-current liabilities	312,100,000	311,400,000	314,800,000	312,800,000	314,400,000	310,500,000	268,000,000	264,300,000	263,800,000	268,000,000	270,400,000	269,000,000	268,800,000	286,500,000	287,600,000	280,800,000	278,100,000	277,000,000	280,200,000	285,300,000	285,500,000	288,100,000	288,700,000	293,000,000	293,100,000	282,800,000	287,900,000	262,600,000	265,600,000	274,400,000	257,800,000	267,100,000	301,100,000	309,100,000	316,900,000	322,700,000	335,900,000	340,800,000	347,100,000	349,000,000	352,700,000	353,900,000	302,300,000	265,000,000	231,600,000	234,500,000	229,300,000	127,200,000	129,100,000	129,300,000	126,700,000	123,300,000	109,400,000	110,600,000	111,100,000	105,100,000	101,900,000	100,900,000	317,300,000	324,800,000	312,800,000	324,000,000
total liabilities	3,809,000,000	3,546,100,000	3,477,500,000	3,363,800,000	3,344,600,000	3,265,700,000	3,195,600,000	3,249,300,000	3,248,100,000	3,199,400,000	3,346,800,000	3,497,300,000	3,504,100,000	3,480,100,000	3,412,500,000	3,488,700,000	3,477,700,000	3,451,400,000	3,428,100,000	3,284,400,000	3,432,900,000	3,328,200,000	3,246,500,000	3,147,200,000	3,068,000,000	2,971,500,000	3,020,100,000	3,009,200,000	3,047,200,000	3,006,500,000	2,974,800,000	3,011,800,000	2,935,800,000	2,914,500,000	2,940,400,000	3,013,400,000	3,001,800,000	3,005,500,000	3,020,200,000	3,084,700,000	3,108,400,000	2,894,600,000	2,809,200,000	2,749,600,000	2,537,200,000	2,478,100,000	2,341,800,000	2,133,900,000	2,176,400,000	2,101,900,000	2,010,800,000	2,052,400,000	1,980,600,000	1,842,500,000	1,792,800,000	1,796,700,000	1,703,000,000	1,607,700,000	1,601,300,000	1,624,100,000	1,595,000,000	1,476,200,000	1,458,800,000	1,454,100,000	1,340,000,000	1,332,800,000	1,310,500,000	1,307,700,000	1,047,900,000	1,029,600,000	964,400,000	901,600,000	922,000,000
commitments, guarantees and contingencies
redeemable non-controlling interest	700,000	800,000	500,000	400,000	700,000	900,000	500,000	500,000
equity
allete equity
common stock without par value, 80.0 shares authorized, 58.1 and 57.9 shares issued and outstanding	1,839,000,000
accumulated other comprehensive loss	-18,100,000	-18,100,000	-18,100,000	-18,100,000	-21,000,000	-20,900,000	-20,900,000	-20,500,000	-24,500,000	-24,400,000	-24,300,000	-24,400,000	-23,800,000	-23,900,000	-24,000,000	-23,800,000	-29,900,000	-30,300,000	-30,700,000	-31,100,000	-23,100,000	-23,300,000												-27,300,000	-27,700,000		-23,700,000	-24,200,000	-24,700,000		-20,600,000	-20,200,000	-20,600,000		-16,100,000	-16,300,000	-16,800,000		-21,300,000	-21,000,000	-21,600,000		-26,700,000	-27,600,000	-27,500,000		-22,700,000	-21,300,000	-21,900,000	-23,200,000	-23,200,000	-23,900,000	-23,600,000	-24,000,000	-30,400,000	-31,600,000	-33,600,000	-33,000,000	-8,800,000	-7,700,000	-9,100,000	-4,500,000	-7,500,000
retained earnings	1,031,000,000	1,046,300,000	1,056,700,000	1,042,900,000	1,033,100,000	1,028,800,000	1,036,500,000	1,026,400,000	1,013,900,000	966,900,000	954,200,000	934,800,000	929,200,000	932,600,000	932,000,000	900,200,000	873,400,000	878,800,000	883,800,000	864,800,000	849,900,000	841,300,000	853,200,000	818,800,000	799,500,000	798,600,000	794,800,000	754,600,000	722,300,000	720,400,000	717,800,000	689,400,000	675,300,000	657,800,000	648,000,000	625,900,000	607,300,000	592,800,000	593,500,000	573,300,000	578,800,000	543,000,000	545,100,000	530,100,000	518,600,000	497,700,000	501,400,000	489,100,000	474,100,000	467,900,000	472,600,000	459,600,000	447,600,000	434,900,000	438,300,000	431,600,000	427,700,000	422,600,000	420,900,000	399,900,000	402,200,000	396,900,000	393,200,000	385,400,000	381,500,000	380,000,000	384,100,000	380,900,000	369,400,000	357,500,000	359,700,000	350,400,000	338,100,000
total allete equity	2,851,900,000	2,861,900,000	2,866,000,000	2,848,000,000	2,831,200,000	2,821,700,000	2,823,000,000	2,809,600,000	2,786,600,000	2,734,100,000	2,715,500,000	2,691,900,000	2,682,600,000	2,680,400,000	2,449,300,000	2,413,100,000	2,340,000,000	2,322,600,000	2,320,700,000	2,294,600,000	2,281,000,000	2,265,700,000	2,271,100,000	2,231,900,000												1,893,000,000	1,873,000,000	1,852,100,000	1,849,800,000	1,820,200,000	1,821,700,000	1,776,600,000	1,768,900,000	1,609,400,000	1,529,200,000	1,416,000,000	1,402,500,000									1,079,300,000	1,051,400,000	1,029,000,000	1,003,200,000	976,000,000	974,900,000	962,300,000	947,900,000	929,500,000
non-controlling interest in subsidiaries	491,300,000	504,400,000	522,300,000	542,100,000	560,700,000	573,000,000	585,500,000	597,000,000	610,100,000	634,400,000	642,200,000	656,400,000	671,300,000	678,500,000	694,200,000	533,200,000	514,500,000	519,300,000	525,700,000	505,600,000	164,600,000	166,500,000	101,900,000	103,700,000															2,700,000	2,200,000	1,700,000	1,800,000	2,000,000	1,800,000	1,500,000	1,500,000	4,900,000											8,800,000	8,900,000	9,000,000	9,200,000	9,300,000	9,300,000	9,500,000	9,500,000	9,600,000	9,700,000
total equity	3,343,200,000	3,366,300,000	3,388,300,000	3,390,100,000	3,391,900,000	3,394,700,000	3,408,500,000	3,406,600,000	3,396,700,000	3,368,500,000	3,357,700,000	3,348,300,000	3,353,900,000	3,358,900,000	3,143,500,000	2,946,300,000	2,854,500,000	2,841,900,000	2,846,400,000	2,800,200,000	2,445,600,000	2,432,200,000	2,373,000,000	2,335,600,000												1,893,000,000	1,873,000,000	1,852,100,000	1,852,500,000	1,822,400,000	1,823,400,000	1,778,400,000	1,770,900,000	1,611,200,000	1,530,700,000	1,417,500,000	1,407,400,000	1,342,900,000	1,287,500,000	1,249,000,000	1,240,500,000	1,201,000,000	1,157,500,000	1,119,700,000	1,113,800,000	1,079,300,000	1,051,400,000	1,037,800,000	1,012,100,000	985,000,000	984,100,000	971,600,000	957,200,000	939,000,000	915,100,000	884,800,000	858,400,000
total liabilities, redeemable non-controlling interest and equity	7,152,900,000	6,913,200,000	6,866,300,000	6,754,300,000	6,737,200,000	6,661,300,000	6,604,600,000	6,656,400,000
common stock without par value, 80.0 shares authorized, 58.0 and 57.9 shares issued and outstanding		1,833,700,000	1,827,400,000
common stock without par value, 80.0 shares authorized, 57.9 and 57.6 shares issued and outstanding				1,823,200,000
common stock without par value, 80.0 shares authorized, 57.8 and 57.6 shares issued and outstanding					1,819,100,000	1,813,800,000
common stock without par value, 80.0 shares authorized, 57.7 and 57.6 shares issued and outstanding							1,807,400,000
common stock without par value, 80.0 shares authorized, 57.6 and 57.2 shares issued and outstanding								1,803,700,000
liabilities and equity
common stock without par value, 80.0 shares authorized, 57.5 and 57.2 shares issued and outstanding									1,797,200,000
total liabilities and equity									6,644,800,000	6,567,900,000	6,704,500,000	6,845,600,000	6,858,000,000	6,839,000,000	6,556,000,000	6,435,000,000	6,332,200,000	6,293,300,000	6,274,500,000	6,084,600,000	5,878,500,000	5,760,400,000	5,619,500,000	5,482,800,000												4,906,400,000	4,874,800,000	4,857,600,000	4,872,700,000	4,907,100,000	4,931,800,000	4,673,000,000	4,580,100,000	4,360,800,000	4,067,900,000	3,895,600,000	3,749,200,000	3,476,800,000	3,463,900,000	3,350,900,000	3,251,300,000	3,253,400,000	3,138,100,000	2,962,200,000	2,906,600,000	2,876,000,000	2,754,400,000	2,645,500,000	2,613,400,000	2,609,100,000	2,579,100,000	2,447,800,000	2,416,000,000	2,393,100,000	2,255,100,000	2,217,600,000	2,168,900,000
common stock without par value, 80.0 shares authorized, 57.4 and 57.2 shares issued and outstanding										1,791,600,000
common stock without par value, 80.0 shares authorized, 57.3 and 57.2 shares issued and outstanding											1,785,600,000
common stock without par value, 80.0 shares authorized, 57.2 and 53.2 shares issued and outstanding												1,781,500,000	1,777,200,000
common stock without par value, 80.0 shares authorized, 57.1 and 53.2 shares issued and outstanding														1,771,700,000
common stock without par value, 80.0 shares authorized, 53.3 and 53.2 shares issued and outstanding															1,541,300,000
common stock without par value, 80.0 shares authorized, 53.2 and 52.1 shares issued and outstanding																1,536,700,000
common stock without par value, 80.0 shares authorized, 52.6 and 52.1 shares issued and outstanding																	1,496,500,000
common stock without par value, 80.0 shares authorized, 52.3 and 52.1 shares issued and outstanding																		1,474,100,000
common stock without par value, 80.0 shares authorized, 52.2 and 52.1 shares issued and outstanding																			1,467,600,000
common stock without par value, 80.0 shares authorized, 52.1 and 51.7 shares issued and outstanding																				1,460,900,000
common stock without par value, 80.0 shares authorized, 52.0 and 51.7 shares issued and outstanding																					1,454,200,000
common stock without par value, 80.0 shares authorized, 51.9 and 51.7 shares issued and outstanding																						1,447,700,000
common stock without par value, 80.0 shares authorized, 51.8 and 51.7 shares issued and outstanding																							1,441,700,000
allete’s equity
common stock without par value, 80.0 shares authorized, 51.7 and 51.5 shares issued and outstanding																								1,436,700,000	1,435,100,000	1,433,300,000
liabilities and shareholders’ equity
shareholders’ equity
total shareholders’ equity																									2,207,800,000	2,205,000,000	2,198,700,000	2,155,800,000	2,116,100,000	2,108,200,000	2,097,300,000	2,068,200,000	2,042,700,000	2,017,000,000	2,001,500,000																																	827,100,000				742,600,000
total liabilities and shareholders’ equity																									5,275,800,000	5,176,500,000	5,218,800,000	5,165,000,000	5,163,300,000	5,114,700,000	5,072,100,000	5,080,000,000	4,978,500,000	4,931,500,000	4,941,900,000																																	2,134,800,000				1,644,200,000
common stock without par value, 80.0 shares authorized, 51.6 and 51.5 shares issued and outstanding																											1,431,100,000
other investments																												49,100,000	51,700,000	52,500,000	52,800,000	53,100,000	55,800,000	56,200,000	57,700,000	55,600,000	58,100,000	72,300,000	72,900,000	74,600,000	113,500,000	115,000,000	114,700,000	114,400,000	116,400,000	116,700,000	116,400,000	146,300,000	142,900,000	140,200,000	138,600,000	143,500,000	139,700,000	136,000,000	135,700,000	132,300,000	129,500,000	129,000,000	128,100,000	126,000,000	134,400,000	131,600,000	132,600,000	130,500,000	138,800,000	135,600,000	127,300,000	136,900,000
common stock without par value, 80.0 shares authorized, 51.5 and 51.1 shares issued and outstanding																												1,428,500,000
investment in atc																													126,000,000	123,600,000	120,100,000	118,700,000	146,000,000	143,100,000	140,200,000	135,600,000	133,800,000	129,000,000	128,600,000	124,500,000	126,000,000	124,200,000	122,300,000	121,100,000	120,700,000	118,800,000	116,600,000	114,600,000	112,700,000	111,200,000	109,000,000	107,300,000	105,500,000	102,600,000	100,500,000	98,900,000	97,900,000	96,300,000	94,800,000	93,300,000	92,000,000	91,100,000	90,300,000	88,400,000	85,100,000	82,100,000	79,700,000	76,900,000
common stock without par value, 80.0 shares authorized, 51.4 and 51.1 shares issued and outstanding																													1,421,100,000	1,415,400,000
common stock without par value, 80.0 shares authorized, 51.3 and 51.1 shares issued and outstanding																															1,407,400,000
common stock without par value, 80.0 shares authorized, 51.1 and 49.6 shares issued and outstanding																																1,401,400,000
common stock without par value, 80.0 shares authorized, 51.0 and 49.6 shares issued and outstanding																																	1,394,300,000	1,386,500,000
notes payable																																			1,300,000			900,000	700,000	1,600,000			300,000	3,700,000	2,700,000				1,200,000				300,000		1,600,000	1,100,000	5,600,000	2,500,000	500,000	1,000,000	1,000,000	1,400,000	1,700,000	1,900,000	5,300,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000
common stock without par value, 80.0 shares authorized, 50.9 and 49.6 shares issued and outstanding																																			1,381,200,000
common stock without par value, 80.0 shares authorized, 49.6 and 49.1 shares issued and outstanding																																				1,295,300,000
inventories																																					107,400,000	110,400,000	116,000,000	117,100,000	119,100,000	107,800,000	102,700,000	80,500,000	71,600,000	75,300,000	68,900,000	59,300,000	64,700,000	71,000,000	64,300,000	69,800,000	76,700,000	69,300,000	72,200,000	69,100,000	69,100,000	61,300,000	56,100,000	60,000,000	62,900,000	57,100,000	51,700,000	57,000,000	54,400,000	53,600,000	49,800,000	49,700,000	59,900,000	53,700,000	49,700,000	49,500,000	48,600,000
common stock without par value, 80.0 shares authorized, 49.5 and 49.1 shares outstanding																																					1,289,400,000
common stock without par value, 80.0 shares authorized, 49.4 and 49.1 shares outstanding																																						1,283,500,000
common stock without par value, 80.0 shares authorized, 49.3 and 49.1 shares outstanding																																							1,281,000,000
common stock without par value, 80.0 shares authorized, 49.1 and 45.9 shares outstanding																																								1,271,400,000
unearned esop shares																																									-1,400,000	-3,300,000	-5,300,000		-8,600,000	-10,500,000	-12,500,000		-15,100,000	-17,200,000	-19,200,000		-22,800,000	-24,900,000	-27,000,000		-30,300,000	-32,400,000	-34,600,000	-36,800,000	-38,200,000	-40,500,000	-42,900,000	-45,300,000	-46,900,000	-48,300,000	-51,300,000	-54,900,000	-58,500,000	-60,400,000	-62,100,000	-64,500,000	-66,100,000
common stock without par value, 80.0 shares authorized, 49.0 and 45.9 shares outstanding																																									1,264,900,000
common stock without par value, 80.0 shares authorized, 48.9 and 45.9 shares outstanding																																										1,257,100,000
common stock without par value, 80.0 shares authorized, 48.8 and 45.9 shares outstanding																																											1,249,700,000
common stock without par value, 80.0 shares authorized, 45.9 and 41.4 shares outstanding																																												1,107,600,000
property, plant and equipment - net																																													3,121,500,000	3,020,400,000	2,905,100,000		2,456,100,000	2,397,200,000	2,366,700,000		2,239,900,000	2,177,500,000	2,002,800,000		1,902,100,000	1,861,100,000	1,841,300,000		1,742,600,000	1,671,700,000	1,649,100,000		1,530,500,000	1,481,700,000	1,435,200,000		1,292,400,000	1,224,300,000	1,153,100,000		1,033,800,000
common stock without par value, 80.0 shares authorized, 44.5 and 41.4 shares outstanding																																													1,035,300,000
common stock without par value, 80.0 shares authorized, 42.6 and 41.4 shares outstanding																																														945,100,000
common stock without par value, 80.0 shares authorized, 42.4 and 41.4 shares outstanding																																															930,400,000
commitments and contingencies
common stock without par value, 80.0 shares authorized, 41.4 and 39.4
shares outstanding																																																885,200,000				784,700,000				705,600,000				636,100,000				613,400,000		575,100,000	549,500,000		497,600,000	469,800,000	462,900,000		460,000,000
common stock without par value, 80.0 shares authorized, 40.7 and 39.4 shares outstanding																																																	849,800,000
common stock without par value, 80.0 shares authorized, 40.1 and 39.4 shares outstanding																																																		819,300,000
common stock without par value, 80.0 shares authorized, 39.9 and 39.4 shares outstanding																																																			808,700,000
common stock without par value, 80.0 shares authorized, 39.4 and 37.5
common stock without par value, 80.0 shares authorized, 38.8 and 37.5 shares outstanding																																																					759,400,000
common stock without par value, 80.0 shares authorized, 38.3 and 37.5 shares outstanding																																																						737,300,000
common stock without par value, 80.0 shares authorized, 38.1 and 37.5 shares outstanding																																																							730,000,000
short-term investments																																																												6,700,000												23,100,000	70,400,000
common stock without par value, 80.0 shares authorized, 37.5 and 35.8
common stock without par value, 80.0 shares authorized, 36.8 and 35.8 shares outstanding																																																									676,700,000
common stock without par value, 80.0 shares authorized, 36.5 and 35.8 shares outstanding																																																										660,100,000
common stock without par value, 80.0 shares authorized, 35.9 and 35.8 shares outstanding																																																											638,800,000
common stock without par value, 80.0 shares authorized, 35.8 and 35.2
common stock without par value, 80.0 shares authorized, 35.8 and 35.2 shares outstanding																																																													634,100,000
common stock without par value, 80.0 shares authorized, 35.7 and 35.2 shares outstanding																																																														629,800,000
other assets																																																															33,500,000	32,800,000	288,200,000	285,800,000	282,800,000	281,400,000	122,100,000	117,000,000	111,300,000	111,400,000	138,700,000
other liabilities																																																															326,400,000	325,000,000	352,000,000	360,400,000	363,900,000	389,300,000	199,500,000	187,200,000	202,700,000	200,100,000	237,100,000
common stock without par value, 80.0 shares authorized, 35.5 and 35.2 shares outstanding																																																															621,200,000
common stock without par value, 80.0 shares authorized, 35.2 and 32.6
common stock without par value, 80.0 shares authorized, 34.9 and 32.6
common stock without par value, 80.0 shares authorized, 34.1 and 32.6
total allete’s equity																																																																		875,200,000	848,700,000
common stock without par value, 43.3 shares authorized, 33.2 and 32.6
deferred profit on sales of real estate																																																																					800,000	2,700,000	2,700,000	2,700,000	5,300,000
minority interest																																																																				9,800,000	9,600,000	9,300,000	9,300,000	9,300,000	9,000,000
common stock without par value, 43.3 shares authorized
32.6 and 30.8 shares outstanding																																																																				534,100,000
investments																																																																					213,300,000	208,300,000	225,800,000	213,800,000	206,400,000
liabilities and shareholders' equity
shareholders' equity
common stock without par value, 43.3 shares authorized, 31.6 and 30.8
total shareholders' equity																																																																					799,700,000	759,200,000	751,400,000		724,500,000
total liabilities and shareholders' equity																																																																					1,847,600,000	1,788,800,000	1,715,800,000		1,646,500,000
common stock without par value, 43.3 shares authorized, 31.0 and 30.8
common stock without par value, 43.3 shares authorized, 30.8 and 30.8
30.8 and 30.4 shares outstanding																																																																								461,200,000
common stock without par value, 43.3 shares authorized, 30.8 and 30.4

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31

millions
operating activities
net income	13,300,000	6,600,000	34,700,000	32,300,000	32,700,000	19,700,000	37,000,000	31,000,000	69,600,000	40,700,000	37,600,000	37,200,000	26,800,000	20,800,000	46,500,000	48,600,000	24,100,000	21,700,000	43,400,000	41,400,000	38,800,000	16,900,000	64,500,000	49,600,000	31,200,000	34,200,000	70,500,000	61,100,000	30,700,000	31,300,000	51,000,000	41,400,000	44,900,000	36,900,000	49,000,000	44,300,000	40,300,000	24,800,000	46,400,000	18,800,000	60,300,000	22,300,000	40,100,000	33,200,000	41,600,000	16,900,000	33,800,000	33,000,000	25,200,000	14,000,000	32,500,000	28,900,000	29,400,000	14,400,000	24,400,000	19,100,000	20,500,000	16,900,000	37,100,000	13,100,000	19,500,000	19,400,000	22,800,000	18,700,000	15,800,000	9,300,000	16,900,000	23,500,000	24,700,000	10,700,000	23,600,000	22,200,000
adjustments to reconcile net income to cash from operating activities:
afudc – equity	-1,300,000	-1,300,000	-1,400,000	-1,000,000	-1,500,000	-1,300,000	-1,200,000	-1,100,000	-1,100,000	-900,000	-500,000	-300,000	-700,000	-800,000	-900,000	-900,000	-600,000	-600,000	-500,000	-100,000	-400,000	-900,000	-500,000		-600,000	-700,000	-600,000		-400,000	-200,000	-300,000		-300,000	-200,000	-200,000
income from equity investments – net of dividends	200,000	-400,000	1,900,000	-1,900,000	400,000			400,000	400,000			-1,400,000	3,200,000	200,000	400,000	400,000	700,000	100,000	1,000,000	-900,000	-100,000				-1,000,000	-1,000,000	-1,200,000		-900,000	100,000	-500,000		-1,300,000	-1,000,000	-1,500,000		-2,900,000	0	-2,900,000		-1,400,000
gain on investments and property, plant and equipment	-500,000	-600,000	-700,000													-100,000
depreciation expense	72,400,000	73,200,000	69,700,000	69,600,000	70,800,000	65,900,000	65,000,000	63,500,000	63,200,000	62,700,000	62,300,000	60,700,000	58,600,000	61,000,000	61,700,000	58,200,000	57,600,000	57,800,000	58,000,000	56,400,000	53,400,000	54,500,000	53,400,000	50,300,000	49,500,000	50,100,000	50,700,000	50,800,000	50,100,000	54,700,000	44,500,000	24,500,000	49,500,000	48,700,000	49,200,000	48,800,000	47,600,000	47,400,000	46,800,000	45,200,000	42,000,000	40,300,000	38,400,000	36,200,000	33,500,000	33,800,000	32,200,000	30,300,000	29,400,000	28,700,000	28,200,000	25,800,000	25,000,000	24,800,000	24,600,000	23,300,000	22,700,000	22,100,000	22,300,000	20,700,000	20,000,000	19,800,000	20,000,000	17,900,000	16,100,000			16,400,000
amortization of psas	-1,500,000	-1,400,000	-1,500,000	-1,200,000	-1,300,000	-1,200,000	-1,300,000	-1,300,000	-1,300,000	-1,300,000	-1,300,000	-1,300,000	-1,200,000	-2,300,000	-2,800,000	-2,800,000	-2,900,000	-2,900,000	-2,800,000	-2,800,000	-2,900,000	-2,800,000	-2,800,000		-2,900,000	-2,900,000	-2,900,000		-6,000,000	-5,900,000	-6,000,000		-5,900,000	-5,900,000	-5,900,000
amortization of other intangible assets and other assets	1,600,000	1,700,000	1,700,000	1,700,000	1,900,000	1,700,000	1,600,000	1,800,000	1,800,000	1,600,000	1,900,000	2,000,000	2,000,000	2,200,000	2,100,000	2,500,000	2,300,000	2,600,000	2,500,000	1,900,000	3,300,000	2,600,000	2,600,000	3,100,000	6,700,000	1,300,000	1,900,000	2,600,000	2,800,000	2,200,000	2,800,000	2,600,000	2,300,000	2,400,000	2,900,000	2,200,000	3,100,000	2,700,000	2,300,000	600,000
deferred income tax benefit	600,000	-3,200,000	-300,000			-5,100,000	-2,900,000		14,200,000	-6,600,000	-6,300,000	-18,800,000	-7,400,000	-8,300,000	-4,000,000	-7,500,000	-5,000,000	-4,000,000	-10,400,000	-11,600,000	-5,600,000				-2,400,000
share-based and esop compensation expense	2,200,000	2,300,000	1,700,000	1,100,000	1,800,000	2,000,000	1,700,000	3,000,000	1,900,000	1,600,000	800,000	700,000	1,500,000	1,400,000	1,300,000	1,300,000	1,500,000	1,400,000	1,700,000	1,400,000	1,600,000	1,400,000	1,700,000	1,400,000	1,600,000	1,500,000	1,800,000	1,700,000	1,800,000	1,600,000	1,700,000	1,600,000	1,700,000
defined benefit pension and other postretirement plan benefit	-900,000	-800,000	-900,000		-3,400,000	-3,500,000	-3,400,000
fuel adjustment clause	300,000	-3,600,000	4,400,000	-6,100,000	-1,300,000	3,100,000	4,900,000	-9,800,000	15,400,000	23,100,000	15,300,000	18,600,000	15,300,000
bad debt expense	500,000	0	300,000	300,000	400,000	400,000	300,000	100,000	500,000	400,000	300,000	500,000	600,000	400,000	400,000	300,000	300,000	200,000	400,000	1,100,000	500,000	700,000	400,000		300,000	-1,000,000	400,000	-400,000	800,000	400,000	300,000	300,000			-400,000	1,600,000	1,400,000	500,000	600,000	800,000	500,000	100,000	200,000	700,000	500,000	400,000	200,000	400,000	500,000	300,000	100,000	100,000	400,000	200,000	300,000	200,000	500,000	300,000	200,000	300,000	300,000	300,000	200,000	100,000	600,000	300,000	300,000	-200,000	400,000	300,000	200,000	200,000
provision (payments) for interim rate refund	0																				-6,500,000
changes in operating assets and liabilities
accounts receivable	-16,900,000	13,500,000	4,600,000	-14,800,000	-4,300,000	11,500,000	-5,500,000	-15,400,000	3,200,000	-3,300,000	17,300,000	-17,200,000	-5,000,000	3,300,000	4,900,000	-13,800,000	-4,900,000	7,900,000	-2,200,000	-21,000,000	-6,700,000	12,900,000	-3,400,000	-11,500,000	100,000	13,100,000	20,900,000		2,200,000	-4,600,000	6,300,000		-12,000,000	2,300,000	100,000		4,100,000	10,700,000	-4,200,000	-10,500,000	-5,700,000	9,500,000	7,800,000		-4,100,000	18,100,000	2,900,000		-1,700,000	7,200,000	2,700,000		-6,800,000	9,700,000	2,700,000	-4,200,000	-4,400,000	19,400,000	7,800,000	12,300,000	-4,500,000	10,700,000	-600,000
inventories	-8,700,000	-9,500,000	-5,800,000	5,000,000	11,400,000	-1,600,000	-7,300,000	1,500,000	14,000,000	152,600,000	109,000,000	5,300,000	-93,200,000	-69,300,000	-98,900,000	-8,100,000	-1,500,000	-14,100,000	200,000	600,000	7,300,000	-3,100,000	-6,200,000		-6,400,000	-4,400,000	-5,100,000	68,100,000	-9,400,000	-2,900,000	-300,000	6,600,000	4,500,000	7,100,000	-6,300,000	3,600,000	3,000,000	5,600,000	1,100,000		-10,700,000	-4,600,000	-8,800,000		3,700,000	-6,400,000	-6,500,000	5,400,000	6,300,000	-6,700,000	5,500,000		-7,400,000	2,900,000	-3,100,000		-7,800,000	-5,200,000	3,900,000	2,800,000	-5,700,000	-5,500,000	5,400,000
prepayments and other	14,900,000	-14,100,000	9,600,000	-8,500,000	-2,300,000	-6,400,000	6,700,000	-8,500,000	1,800,000	-12,200,000	11,000,000	-13,800,000	1,000,000	-1,300,000	-7,400,000	-8,400,000	6,200,000	3,000,000	-1,300,000	-7,900,000	5,500,000	-700,000	4,000,000	-7,000,000	4,000,000	400,000	2,900,000		2,900,000	4,000,000	-1,200,000		-2,200,000	2,500,000	1,800,000		100,000	-900,000	100,000	4,100,000	-4,600,000	4,900,000	-700,000	-4,000,000	1,800,000	4,800,000	2,200,000		-3,000,000	1,900,000	5,500,000		1,700,000	-2,600,000	4,200,000	-4,300,000	-2,200,000	3,900,000	4,100,000	-1,900,000	-4,800,000	-2,500,000	4,900,000
accounts payable	2,800,000	-4,400,000	1,500,000	400,000	9,700,000	-2,400,000	-10,400,000	4,000,000	5,300,000	-2,600,000	-10,700,000	-9,300,000	-9,800,000	28,400,000	-10,600,000	11,000,000	5,200,000	7,400,000	-8,600,000	9,600,000	13,800,000	-6,100,000	-5,500,000		7,900,000	-5,700,000	-5,500,000	3,700,000	1,800,000	8,200,000	-100,000		10,000,000	-1,300,000	-11,300,000	5,900,000	-700,000	5,500,000	-4,200,000			-11,600,000	-14,000,000	12,100,000	9,800,000	-11,100,000	100,000	-2,800,000	14,000,000	900,000	-11,000,000		6,900,000	-300,000	-7,900,000		1,200,000	-5,000,000	-12,700,000	2,100,000	14,100,000	9,600,000	-20,000,000
other current liabilities	9,700,000	-2,900,000	-17,100,000	12,600,000	16,300,000	-8,200,000	-19,800,000	10,300,000	-1,100,000	-24,600,000	-142,200,000	52,700,000	91,200,000	-26,700,000	-1,000,000	7,300,000	33,700,000	-36,500,000	23,500,000	4,200,000	21,000,000	-15,600,000	7,100,000		8,100,000	-14,000,000	-9,900,000	-14,500,000	22,500,000	-18,600,000	17,300,000	-900,000	15,500,000	-11,800,000	-1,000,000		-4,500,000	-19,400,000	900,000	5,900,000	-48,200,000	49,100,000	-1,700,000		-3,100,000	-11,300,000	1,600,000	10,200,000	-3,000,000	-5,100,000	-700,000	14,400,000			-900,000	19,800,000	5,700,000	-5,000,000	-5,100,000	7,200,000	1,700,000	-8,700,000	5,000,000
renewable tax credit sales	4,900,000	9,800,000	12,500,000	2,700,000	35,900,000
cash contributions to defined benefit pension plans	0	0	-19,100,000	0	0	0	-25,000,000	0	-10,800,000	0	-6,500,000					0	0	0	-10,300,000	0	0	0	-10,700,000		0	0	-10,400,000		0	0	-15,000,000		0	0	-1,700,000
changes in regulatory and other non-current assets	100,000	-700,000	5,600,000	3,700,000	15,400,000	14,000,000	9,100,000	11,500,000	5,700,000	-900,000	-700,000	-3,900,000	11,100,000	14,900,000	2,000,000	29,300,000	-15,700,000	-25,000,000	-600,000	-7,500,000	-6,700,000	-5,400,000	-11,400,000		-6,400,000	-12,200,000	300,000	-500,000	1,400,000	2,000,000	3,800,000	9,600,000	17,400,000	-2,900,000	9,600,000		2,700,000	-23,800,000	2,800,000	6,800,000	3,400,000	-5,500,000	-4,100,000		-1,500,000	-7,500,000	-4,000,000		-5,500,000	-6,100,000	-1,900,000		-3,200,000	-3,900,000	2,100,000		15,700,000				5,500,000
changes in regulatory and other non-current liabilities	9,700,000	3,200,000	3,800,000	-500,000	1,800,000	-300,000	5,600,000	1,600,000	-1,300,000	1,300,000	400,000	5,800,000	-2,700,000	-4,700,000	1,800,000	-7,600,000	1,400,000	-2,700,000	-6,100,000	-2,300,000	-15,900,000	2,400,000	6,300,000		-8,100,000	600,000	-7,000,000		-5,800,000	100,000	7,400,000		-18,300,000	-2,600,000	-2,600,000	3,300,000	10,700,000	-1,800,000	-1,100,000		-5,000,000	-1,000,000	7,500,000	-1,200,000	-1,600,000	5,700,000	-300,000		2,000,000	6,900,000	-4,300,000	-3,000,000	-3,100,000	1,200,000	5,700,000	-9,300,000	-4,500,000				-7,100,000
cash from operating activities	103,400,000	39,400,000	110,200,000	89,800,000	190,800,000	116,400,000	60,100,000	65,300,000	188,400,000	239,200,000	92,400,000	140,100,000	89,100,000	-3,100,000	-4,800,000	54,300,000	103,500,000	17,200,000	88,500,000	55,900,000	99,400,000	55,700,000	88,800,000	73,100,000	81,200,000	16,100,000	79,100,000	135,000,000	103,700,000	73,100,000	121,300,000	95,700,000	122,800,000	85,700,000	98,700,000	94,200,000	91,600,000	53,000,000	93,200,000	85,500,000	72,300,000	110,500,000	71,800,000	57,700,000	86,000,000	51,200,000	74,900,000	50,500,000	77,800,000	52,900,000	58,200,000	44,100,000	67,400,000	59,600,000	68,500,000	56,600,000	55,100,000	60,900,000	69,100,000	40,700,000	79,500,000	51,800,000	56,700,000
capital expenditures	-277,600,000	-108,300,000	-154,400,000	-124,600,000	-96,300,000	-73,400,000	-60,600,000	-87,100,000	-63,600,000	-50,500,000	-70,000,000	-68,500,000	-62,500,000	-32,200,000	-57,300,000	-89,000,000	-90,900,000	-159,000,000	-134,400,000	-177,000,000	-120,900,000	-265,600,000	-154,300,000	0	-185,300,000	-146,700,000	-89,300,000	0	-67,600,000	-45,300,000	-88,100,000	0	-49,200,000	-44,400,000	-36,700,000	0	-44,700,000	-32,400,000	-42,400,000	0	-67,700,000	-52,300,000	-88,200,000	0	-133,900,000	-117,700,000	-216,200,000	0	-66,700,000	-58,800,000	-69,800,000	0	-110,100,000	-167,900,000	-53,900,000	0	-65,200,000	-40,100,000	-51,500,000	-76,200,000	-93,200,000	-31,400,000	-48,100,000
free cash flows	-174,200,000	-68,900,000	-44,200,000	-34,800,000	94,500,000	43,000,000	-500,000	-21,800,000	124,800,000	188,700,000	22,400,000	71,600,000	26,600,000	-35,300,000	-62,100,000	-34,700,000	12,600,000	-141,800,000	-45,900,000	-121,100,000	-21,500,000	-209,900,000	-65,500,000	73,100,000	-104,100,000	-130,600,000	-10,200,000	135,000,000	36,100,000	27,800,000	33,200,000	95,700,000	73,600,000	41,300,000	62,000,000	94,200,000	46,900,000	20,600,000	50,800,000	85,500,000	4,600,000	58,200,000	-16,400,000	57,700,000	-47,900,000	-66,500,000	-141,300,000	50,500,000	11,100,000	-5,900,000	-11,600,000	44,100,000	-42,700,000	-108,300,000	14,600,000	56,600,000	-10,100,000	20,800,000	17,600,000	-35,500,000	-13,700,000	20,400,000	8,600,000
investing activities
proceeds from sale of available-for-sale securities	500,000	1,100,000	1,400,000	300,000	300,000	0	1,400,000	500,000	300,000			500,000	500,000	700,000	500,000	3,100,000	700,000	1,400,000	1,200,000	6,000,000	4,700,000	1,200,000	900,000	900,000	5,200,000	3,300,000	2,700,000	900,000	2,100,000	3,900,000	3,300,000	4,900,000	4,200,000	700,000	300,000	2,200,000	5,400,000	300,000	1,100,000	1,000,000	0	500,000	200,000	300,000	600,000	2,100,000	600,000	1,100,000	6,900,000	200,000	7,900,000	300,000	200,000	500,000	500,000	400,000	200,000	200,000	7,000,000	0	100,000	-100,000	600,000	7,900,000	100,000	0	900,000	3,800,000	6,200,000	37,200,000	15,100,000	75,400,000
payments for purchase of available-for-sale securities	-1,300,000	-100,000	-1,300,000	-500,000	-300,000	-100,000	-1,500,000	-400,000	-400,000			-700,000	-500,000	-800,000	-400,000	-600,000	-1,000,000	-1,400,000	-600,000	-1,500,000	-4,900,000	-1,200,000	-1,100,000		-5,200,000	-3,300,000	-2,600,000		-2,700,000	-4,500,000	-5,300,000		-4,300,000	-1,100,000	-500,000		-6,000,000	-900,000	-300,000		-300,000	-400,000	-400,000		-900,000	-2,700,000	-700,000		-1,400,000	-200,000	-1,200,000		-500,000	-200,000	-800,000		-400,000	-300,000	-900,000	-500,000	-400,000	-200,000	-1,200,000	-400,000	-900,000	-700,000	-200,000	300,000	-5,800,000	-27,300,000	-12,000,000	-28,100,000
payments for equity method investments	-7,000,000	-5,800,000	-5,500,000		-1,900,000	-2,300,000	-1,600,000		-2,300,000	-3,500,000	-800,000		-1,200,000	-1,200,000	-2,700,000		-300,000
additions to property, plant and equipment	-277,600,000	-108,300,000	-154,400,000	-124,600,000	-96,300,000	-73,400,000	-60,600,000	-87,100,000	-63,600,000	-50,500,000	-70,000,000	-68,500,000	-62,500,000	-32,200,000	-57,300,000	-89,000,000	-90,900,000	-159,000,000	-134,400,000	-177,000,000	-120,900,000	-265,600,000	-154,300,000		-185,300,000	-146,700,000	-89,300,000		-67,600,000	-45,300,000	-88,100,000		-49,200,000	-44,400,000	-36,700,000		-44,700,000	-32,400,000	-42,400,000		-67,700,000	-52,300,000	-88,200,000		-133,900,000	-117,700,000	-216,200,000		-66,700,000	-58,800,000	-69,800,000		-110,100,000	-167,900,000	-53,900,000		-65,200,000	-40,100,000	-51,500,000	-76,200,000	-93,200,000	-31,400,000	-48,100,000	-118,400,000	-66,800,000	-58,700,000	-74,600,000	-91,100,000	-79,500,000	-70,900,000	-59,600,000	-73,500,000
other investing activities	2,800,000	-400,000	-400,000	4,000,000	15,100,000	-200,000	1,500,000	5,600,000	-3,300,000	-2,400,000	-3,900,000	-3,400,000	-200,000	1,400,000	-200,000	-1,400,000	100,000	300,000	3,900,000		-300,000	-500,000	-200,000	-300,000	-800,000	12,200,000	1,800,000	4,300,000	0	1,200,000	200,000
cash from investing activities	-282,600,000	-113,500,000	-160,200,000	-120,800,000	-83,100,000	-76,000,000	-60,800,000	-83,000,000	-69,300,000	-56,600,000	-74,700,000	-72,900,000	-63,900,000	-187,100,000	-60,100,000
financing activities
proceeds from issuance of common stock	3,100,000	4,000,000	2,500,000	3,000,000	3,500,000	4,400,000	2,000,000	3,500,000	3,700,000	4,400,000	3,300,000	3,600,000	4,000,000	237,100,000	3,300,000	38,900,000	20,900,000	5,100,000	5,000,000	5,300,000	4,900,000	4,600,000	3,300,000	200,000	200,000	700,000	800,000	5,700,000	3,900,000	6,400,000	4,300,000	5,500,000	6,100,000	3,800,000	70,600,000	3,900,000	11,800,000	6,200,000	9,000,000	6,000,000	7,000,000	6,700,000	141,500,000	71,700,000	90,000,000	14,100,000	24,800,000	34,900,000	30,000,000	9,900,000	23,400,000	24,900,000	21,600,000	6,800,000	23,700,000	9,000,000	7,200,000	20,800,000	2,100,000	1,500,000	3,800,000	7,900,000	7,300,000	11,500,000	25,800,000	25,100,000	2,800,000
proceeds from issuance of short-term and long-term debt	345,000,000	100,000,000	240,000,000	30,000,000	322,000,000	150,000,000	156,000,000	27,200,000	6,100,000	165,200,000	238,500,000	64,900,000	245,200,000	246,400,000	228,900,000	222,400,000	131,600,000	184,100,000	194,900,000
repayments of short-term and long-term debt	-101,700,000	-31,900,000	-111,800,000	-16,400,000	-324,000,000	-151,000,000	-158,000,000	-33,300,000	-1,900,000	-303,700,000	-227,800,000	-106,000,000	-269,400,000	-242,400,000	-259,200,000	-272,000,000	-131,600,000
proceeds from non-controlling interest in subsidiaries – net	2,200,000	7,900,000	2,000,000		0	1,400,000	2,700,000		0	3,200,000	6,700,000
distributions to non-controlling interest	-1,600,000	-200,000	-300,000	-600,000	-200,000	-200,000	-500,000	0
dividends on common stock	-42,400,000	-42,300,000	-42,300,000	-40,800,000	-40,700,000	-40,700,000	-40,600,000	-39,000,000	-38,900,000	-38,800,000	-38,800,000	-37,300,000	-37,100,000	-37,000,000	-34,500,000	-33,200,000	-33,000,000	-32,900,000	-32,800,000	-32,200,000	-32,100,000	-32,000,000	-31,900,000		-30,300,000	-30,400,000	-30,300,000		-28,800,000	-28,700,000	-28,700,000		-27,400,000	-27,100,000	-26,900,000		-25,800,000	-25,500,000	-25,700,000		-24,500,000	-24,600,000	-24,900,000		-20,700,000	-20,600,000	-21,100,000		-19,000,000	-18,700,000	-19,500,000		-16,700,000	-17,800,000	-17,700,000		-15,500,000	-15,200,000	-16,200,000	-15,600,000	-14,400,000	-15,600,000	-15,200,000	-14,800,000	-14,500,000	-13,600,000	-13,600,000
other financing activities	-2,100,000	100,000	-900,000	0	-1,000,000			-400,000	500,000	-1,400,000	-200,000	-800,000	-1,000,000	-700,000	-400,000	-2,000,000	-1,900,000	-500,000	-400,000	200,000	-2,200,000	-600,000	100,000		-200,000	100,000	-900,000		100,000	-400,000	-200,000		-200,000
cash from financing activities	202,500,000	37,600,000	89,200,000		-40,400,000	-37,000,000	-38,400,000		-39,000,000	-171,100,000	-18,300,000	-75,600,000	-58,300,000	196,900,000	92,200,000	16,100,000	-14,000,000	47,900,000	154,200,000				80,100,000																	-7,000,000	133,200,000	-6,700,000	110,400,000	104,800,000	116,000,000	106,600,000	77,000,000	23,900,000	11,500,000	76,100,000	2,200,000	10,900,000				-4,600,000				-14,900,000			1,800,000
change in cash, cash equivalents and restricted cash	23,300,000	-36,500,000	39,200,000	-55,800,000	67,300,000	3,400,000	-39,100,000	-51,800,000	80,100,000	11,500,000	-600,000	-8,400,000	-33,100,000	6,700,000	27,300,000	-17,700,000	-1,900,000	-109,700,000	111,800,000	-19,900,000	47,700,000	-41,500,000	-13,600,000	-42,700,000	-71,400,000	-158,600,000	286,200,000		8,700,000	16,900,000	5,800,000
cash, cash equivalents and restricted cash at beginning of period	0	0	55,200,000	0	0	0	79,400,000	0	0	0	40,200,000	0	0	0	47,700,000	0	0	0	65,200,000	0	0	0	92,500,000	0	0	0	79,000,000	0	0	0	110,100,000
cash, cash equivalents and restricted cash at end of period	23,300,000	-36,500,000	94,400,000	-55,800,000	67,300,000	3,400,000	40,300,000	-51,800,000	80,100,000	11,500,000	39,600,000	-8,400,000	-33,100,000	6,700,000	75,000,000	-17,700,000	-1,900,000	-109,700,000	177,000,000	-19,900,000	47,700,000	-41,500,000	78,900,000	-42,700,000	-71,400,000	-158,600,000	365,200,000	-62,500,000	8,700,000	16,900,000	115,900,000
provision for interim rate refund			5,000,000		6,000,000	5,500,000	5,500,000		7,600,000	8,300,000	5,100,000																600,000	3,300,000	4,200,000	4,400,000	4,400,000
loss on investments and property, plant and equipment					-400,000	400,000	-500,000		200,000	0	400,000	-900,000	700,000	1,300,000	100,000
deferred income tax expense				-8,600,000																			-13,800,000				2,600,000		400,000	-5,100,000	-4,400,000	-19,900,000	14,100,000	7,200,000	13,000,000	3,900,000	1,700,000	4,600,000	9,200,000	-1,400,000	14,200,000	6,200,000	6,100,000	7,500,000	11,600,000	4,800,000	8,800,000	8,200,000	8,800,000	4,300,000	7,300,000	14,100,000	10,300,000	4,800,000	8,300,000	11,200,000	12,800,000	3,700,000	8,100,000	1,000,000	41,900,000	11,300,000	11,800,000	36,300,000	14,900,000	13,500,000	10,500,000	20,400,000
defined benefit pension and other postretirement plan expense
acquisitions of subsidiaries – net of cash and restricted cash acquired
payments for equity investments																			-1,000,000	-8,100,000	-24,400,000	-38,800,000	-27,800,000		-21,800,000	-4,100,000	-500,000
equity issuance costs												0	0
proceeds from non-controlling interest in subsidiaries – net of issuance costs																				346,700,000	0
cash provided (used in) by financing activities
defined benefit pension and postretirement benefit									-800,000	-900,000	-800,000
residential interim rate adjustment													-2,100,000
acquisition of subsidiaries - net of cash & restricted cash acquired													0
loss on impairment of assets
defined benefit pension and other postretirement benefit expense
payments for tax reform refund																					0
defined benefit pension and postretirement benefit expense													-800,000	-1,000,000	-400,000		1,100,000	1,100,000	1,100,000						-300,000	1,000,000	1,100,000		2,100,000	2,100,000	2,200,000		2,600,000	2,500,000	2,500,000		1,300,000	1,300,000	1,300,000		3,800,000	3,900,000	3,800,000		3,200,000	3,200,000	3,200,000		5,600,000	5,600,000	5,600,000		6,800,000	6,900,000	6,900,000
proceeds from non-controlling interest in subsidiaries - net													0	1,600,000	154,100,000
payments for interim rate refund
gain on sale of u.s. water services																									0	-500,000	-20,100,000
changes in fuel adjustment clause regulatory asset and liability
return of capital from equity investments																								0	0	0	8,300,000
proceeds from sale of u.s. water services – net of transaction costs and cash retained																								2,500,000	1,900,000	-500,000	264,700,000
cash for investing activities																-88,100,000	-91,400,000	-174,800,000	-130,900,000	-179,600,000									-69,300,000	-49,500,000	-89,000,000		-67,000,000	-43,600,000	-41,100,000		-46,800,000	-31,300,000	-42,600,000		-163,100,000	-115,300,000	-255,900,000		-135,100,000	-118,800,000	-204,600,000		-69,800,000	-61,300,000	-63,900,000		-114,600,000	-170,500,000	-56,500,000		-67,900,000	-41,300,000	-45,700,000	-73,200,000	-95,500,000	-30,500,000	-51,700,000
acquisition-related contingent consideration payments																									0	0	-3,800,000						0	-4,600,000	-15,100,000		-100,000	-100,000	-600,000
proceeds from non-controlling interest in subsidiaries																	0	0	28,900,000
realized and unrealized loss on investments and property, plant and equipment																						-2,000,000	3,100,000
realized and unrealized gain on investments and property, plant and equipment																			-500,000
repayments of long-term debt																			-41,400,000	-281,200,000	-186,500,000	-19,500,000	-1,400,000		-16,300,000	-6,000,000	-43,800,000		-1,600,000	-56,000,000	-1,900,000		-56,600,000	-100,700,000	-26,300,000		-18,600,000	-5,500,000	-26,600,000		-78,400,000
change in fair value of contingent consideration																																	0	0	-400,000
provision (payments) for tax reform refund
proceeds from issuance of long-term debt																				65,000,000	310,000,000	187,400,000	110,000,000	1,900,000	100,000,000	0	100,000,000	2,900,000	700,000			0	45,300,000			2,600,000	0			84,500,000	225,000,000			0	160,000,000	115,000,000	100,000,000	19,800,000	0			5,000,000	160,000,000			6,400,000				0	75,000,000	0	80,000,000	66,700,000	1,400,000	400,000	42,900,000
cash (for) from financing activities
cash from (for) investing activities																						-304,900,000	-182,500,000			-139,100,000	185,100,000
cash from (for) financing activities																											22,000,000				-26,500,000						-29,500,000	-26,800,000	-50,600,000															1,300,000	5,100,000				-15,600,000
deferred fuel adjustment clause charge
loss on sales of investments and property, plant and equipment																															-100,000
equity investments
payments / provision for interim rate refund																									0
payments / provision for tax reform refund																									-100,000	-100,000	-10,200,000
cash for financing activities																													-25,700,000				-35,600,000	-39,700,000	-3,300,000
gain on sales of investments and property, plant and equipment																											-1,700,000
impairment of goodwill
provision for tax reform refund																												1,500,000	2,500,000	-800,000	7,500,000
acquisition of non-controlling interest																																					0								0	0	-6,000,000
investment in atc																													-1,100,000	-2,300,000	-1,600,000		-1,600,000	-1,900,000	-3,100,000		-1,900,000	-400,000	-1,200,000		-400,000	-400,000	-400,000		-800,000	-1,100,000	-1,200,000		-700,000	-1,200,000	-400,000		-1,900,000	-1,200,000	-800,000		-600,000	-600,000	-800,000	-400,000	0	0	-1,200,000	-2,400,000	-1,900,000	-1,600,000	-1,900,000	-2,200,000
changes to other investments																															2,500,000	900,000	800,000	2,500,000	-1,200,000	1,900,000	400,000	1,900,000	200,000					1,900,000	500,000	600,000	30,000,000		-7,900,000	-1,600,000	-1,000,000		-2,300,000	-1,700,000	-1,500,000		-2,700,000	-500,000	-900,000	3,900,000	-2,000,000	1,200,000	-1,800,000	-200,000	-5,700,000	-1,200,000	6,400,000
changes in notes payable																																			1,300,000		-900,000	200,000	-900,000		0	-300,000	-3,400,000	1,000,000											500,000	-4,500,000	3,100,000	2,000,000	-500,000	0	-400,000	-300,000	-200,000	-3,400,000					0
impairment of real estate
acquisitions of subsidiaries – net of cash acquired																																									-110,400,000	-47,500,000	-166,900,000
proceeds from sale of property, plant and equipment																																100,000	500,000	600,000	100,000	500,000	0			100,000
changes in restricted cash																																	-2,800,000	5,400,000	-6,900,000	4,900,000	4,100,000	3,800,000	-5,800,000	6,300,000	5,100,000	-2,100,000	-800,000		-7,400,000	0	6,000,000
change in cash and cash equivalents																																-5,500,000	20,200,000	2,400,000	54,300,000		15,300,000				42,400,000	-11,500,000	-73,700,000	-4,700,000	66,900,000	39,000,000	-52,700,000	-67,200,000	19,500,000	67,700,000	-3,500,000		95,700,000	-109,600,000	17,100,000	-34,000,000	55,700,000	26,700,000	7,800,000	-47,400,000	47,000,000	12,800,000	6,800,000	-28,600,000	-18,100,000	-25,600,000	-4,000,000	23,900,000	-21,000,000	22,900,000	52,900,000	-38,100,000
cash and cash equivalents at beginning of period																																0	0	0	27,500,000	0	0	0	97,000,000	0	0	0	145,800,000	0	0	0	97,300,000	0	0	0	80,800,000	0	0	0	101,100,000	0	0	0	44,900,000	0	0	0	25,700,000	0	0	0	102,000,000	0	0	0	23,300,000	0
cash and cash equivalents at end of period																																-5,500,000	20,200,000	2,400,000	81,800,000	-79,700,000	15,300,000	-5,100,000	97,000,000	-6,000,000	42,400,000	-11,500,000	72,100,000	-4,700,000	66,900,000	39,000,000	44,600,000	-67,200,000	19,500,000	67,700,000	77,300,000	-23,500,000	95,700,000	-109,600,000	118,200,000	-34,000,000	55,700,000	26,700,000	52,700,000	-47,400,000	47,000,000	12,800,000	32,500,000	-28,600,000	-18,100,000	-25,600,000	98,000,000	23,900,000	-21,000,000	22,900,000	76,200,000	-38,100,000
loss on sales of property, plant and equipment																																			100,000
share-based compensation expense																																			700,000	600,000	700,000	700,000	600,000	500,000	800,000	700,000	600,000	600,000	300,000	600,000	800,000	600,000	500,000	700,000	600,000	400,000	500,000	500,000	700,000	-100,000	600,000	500,000	600,000
esop compensation expense																																			1,100,000	900,000	700,000			1,700,000	2,400,000	2,500,000	2,400,000	2,400,000	2,200,000	2,300,000	2,200,000	2,400,000	2,000,000	2,000,000	2,000,000	2,200,000	1,800,000	1,900,000	1,800,000	2,100,000	1,700,000	1,700,000	1,900,000
allowance for funds used during construction – equity																																					-500,000	-300,000	-900,000		-1,000,000	-700,000	-900,000		-2,100,000	-2,000,000	-1,800,000		-1,300,000	-1,000,000	-1,100,000
amortization of power sales agreements
construction costs for development project																																											-200,000
cash in escrow for acquisition																																												0
construction deposits received for development project
amortization of power purchase agreements																																					-5,600,000	-5,500,000	-5,600,000		-6,100,000	-6,100,000	-4,900,000
debt issuance costs																																					0								-1,300,000	-900,000	-900,000		0											0	-700,000	0	-700,000	-100,000	0	0	-500,000
gain on sales of investments
cash contributions to defined benefit pension and other postretirement plans
gain on sale of investments																																																	-1,400,000	0	-800,000
amortization of intangible assets and other assets																																										2,100,000	800,000
income from equity investments, net of dividends																																											-800,000		-1,100,000	-1,100,000	-800,000		-800,000	-1,000,000	-1,300,000		-1,000,000	-1,000,000	-700,000		-1,000,000				-800,000				300,000			-700,000	-1,400,000	-600,000	-400,000	-800,000
reductions of long-term debt																																											-2,000,000		-113,300,000	-1,000,000	-19,800,000							-1,700,000	-1,400,000					-800,000	-300,000	-500,000	-69,400,000	-6,100,000	-1,200,000	-1,300,000	-500,000
loss on sale of assets / investments
other amortization
proceeds from sale of assets																																																400,000	0	300,000	600,000					0	800,000	0	1,400,000					0				100,000	100,000			100,000
gains on sale of assets / investments																																													0
amortization of debt issuance costs																																													300,000	200,000	300,000	200,000	300,000	200,000	300,000	300,000	200,000	300,000	200,000	200,000	200,000	300,000	200,000	200,000	200,000	300,000	200,000	200,000	300,000
cash contributions to defined benefit pension and other postretirement benefit plans																																																	0	0	-10,800,000
acquisition – net of cash acquired																																													0	0	-23,100,000
gain on real estate foreclosure																																																												0	0
loss on sale of assets
changes to restricted cash
gain on sale of assets																																																	-100,000	100,000	-200,000						-200,000	0	-700,000					-100,000				-100,000	-100,000			-100,000
payments for long-term debt																																																	-700,000	-63,800,000	-1,700,000
payments for notes payable
proceeds from notes payable
allowance for funds used during construction																																																					-1,500,000	-1,100,000	-800,000		-600,000	-500,000	-600,000	-800,000	-1,300,000	-900,000	-1,200,000	-1,300,000	-1,600,000	-1,600,000	-1,300,000	-700,000	-600,000
proceeds from (for) notes payable																																																					300,000
loss from equity investments, net of dividends
cash contributions to defined benefit pension and postretirement plans
changes in defined benefit pension and other postretirement benefit plans																																																									-5,800,000
payments on long-term debt																																																									-1,300,000	-500,000	-1,000,000
operating revenue																																																											242,200,000												213,400,000
operating expenses
fuel and purchased power																																																											79,000,000												86,300,000
operating and maintenance																																																											90,100,000												82,400,000
depreciation																																																											22,300,000											12,900,000	12,700,000	12,700,000
total operating expenses																																																											191,400,000
operating income																																																											50,800,000												32,000,000
other income
interest expense																																																											-10,700,000												-6,700,000
equity earnings in atc																																																											4,400,000												3,400,000
other																																																											800,000							-3,200,000	-200,000	-1,300,000	-1,100,000	-11,600,000	8,600,000	-10,200,000
total other expense																																																											-5,500,000
income before non-controlling interest and income taxes																																																											45,300,000
income tax expense																																																											8,200,000												13,700,000
less: non-controlling interest in subsidiaries																																																											-100,000
net income attributable to allete																																																											37,200,000
average shares of common stock
basic																																																											34,600,000												28,700,000
diluted																																																											34,700,000												28,700,000
basic earnings per share of common stock																																																											1,070,000
diluted earnings per share of common stock																																																											1,070,000
dividends per share of common stock																																																											445,000												430,000
regulatory and other assets																																																											-700,000				5,100,000
regulatory and other liabilities																																																											2,700,000				3,000,000
gain on sale of available-for-sale securities
stock compensation expense																																																													500,000	600,000	500,000	500,000	500,000	500,000	600,000	500,000	500,000	200,000	600,000	500,000
(income) income from equity investments, net of dividends																																																															-400,000
loss (income) from equity investments, net of dividends																																																																			300,000
other assets																																																																	-2,700,000	-3,100,000	-1,200,000	8,200,000	-5,100,000	-5,800,000	200,000	700,000
other liabilities																																																																	-3,900,000	900,000	-8,000,000	-9,500,000	4,200,000	-8,700,000	1,200,000	-8,800,000
depreciation and amortization																																																																			15,400,000
loss from discontinued operations
loss on impairment of investments
minority interest																																																																				200,000				300,000
net operating activities for discontinued operations
changes to investments																																																																				-5,400,000	1,600,000	200,000	3,500,000	-1,600,000
net investing activities from discontinued operations
issuance of common stock																																																																				35,900,000	27,300,000	6,800,000	1,100,000	700,000
issuance of long-term debt
issuance of notes payable
dividends on common stock and distributions to minority shareholders																																																																						-12,800,000	-12,800,000	-9,900,000
net decrease in book overdrafts
gain on sale of available for sale securities																																																																					0
issuance of debt																																																																					1,400,000	77,700,000	61,000,000
payments of long-term debt																																																																					-200,000	-7,600,000	-600,000
deferred income taxes																																																																						3,000,000	6,100,000	10,200,000
income before minority interest and income taxes																																																																							37,300,000
basic and diluted earnings per share of common stock																																																																							820,000
afudc-equity																																																																							-1,000,000
afudc - equity
net operating activities from (for) discontinued operations
net increase in book overdrafts
net financing activities for discontinued operations

ALLETE, Inc(NYSE:ALE)

ALLETE, Inc
(NYSE:ALE)