ALLETE, Inc. (NYSE:ALE), founded in 1906, is headquartered in Duluth, Minnesota, USA, with 1,917 full-time employees. It is a diversified utility company that provides drinking water and electricity.
ALLETE, Inc. (ALE):
Arit Corporation is an energy supplier that provides utilities services such as electricity, natural gas, and tap water. The ALLETE business is divided into 4 departments to operate: Regulated Operations, ALLETE Clean Energy, US Water Services, Corporate and Other.
Arite provides no point, hydropower, wind power, natural gas power generation and biomass power generation. ALLETE provides stable electricity, natural gas and water services in northwestern Wisconsin, with approximately 15,000 electricity customers, 13,000 natural gas customers, and approximately 10,000 water customers. In addition, it also provides approximately 145,000 retail customers and 16 unrelated municipal customers in northeastern Minnesota Provide utility power services.
In addition, Arite owns and maintains transmission assets in Wisconsin, Michigan, Minnesota and Illinois.
In addition, ALLETE also focuses on the development, acquisition and operation of clean and renewable energy projects. Aritte owns and operates approximately 535 megawatts of wind power generation capacity under a long-term power sales agreement.
In addition, Aritech also provides integrated water supply management services for industrial enterprises, combining customized solutions with chemicals, equipment, engineering and services to reduce water and energy use.
In addition, ALLETE is also involved in coal mining operations in North Dakota and real estate investment activities in Florida.
Alitech owns and operates 177 substations with a total installed capacity of 10,980 MVA. Mainly serving the iron Flintstone mining, iron concentrate, paper, pulp and wood products and pipeline industries.