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ALLETE, Inc. Expects 2009 Earnings to Range from $2.10 to $2.35 Per Share.

Publication: Business Wire
Publication Date: 05-DEC-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
DULUTH, Minn. -- ALLETE, Inc. (NYSE:ALE) today announced it expects 2009 earnings per share to be within a range of $2.10 to $2.35 from net income of between $67 to $75 million, and identified the major assumptions used in its forecast.

The company expects an order on its retail rate case now before the Minnesota Public Utility Commission to be issued in April, with new rates anticipated to be in effect mid-2009. Minnesota Power has asked for a $40 million annual increase, and is currently collecting interim rates amounting to $35 million...

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