Corebridge Financial Set to Join S&P MidCap 400

NEW YORK , Dec. 12, 2025 /PRNewswire/ -- Corebridge Financial Inc. (NYSE: CRBG) will replace Allete Inc. (NYSE: ALE) in the S&P MidCap 400 effective prior to the open of trading on Wednesday, December 17. Canada Pension Plan Investment Board and Global Infrastructure Partners are acquiring Allete in a deal expected to close soon, pending final closing conditions.

PRNewsWire • Dec 12, 2025

ALLETE Receives Written Order From MPUC Approving Acquisition by CPP Investments and Global Infrastructure Partners, Closing Expected Dec. 15

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) (the Company) today announced that it has reviewed the written order from the Minnesota Public Utilities Commission (MPUC) approving the company's acquisition by Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP), two leading global investors in infrastructure and sustainable energy. The acquisition, which is expected to close on or about Dec. 15, subject to the satisfaction or waiver of the re.

Business Wire • Dec 11, 2025

New Energy Equity's Lift As We Climb Foundation Raises $143,000 for Let's Share the Sun Foundation at 4th Annual Charity Golf Tournament

ANNAPOLIS, Md. , Dec. 5, 2025 /PRNewswire/ -- New Energy Equity and its Lift As We Climb Foundation (LAWC) raised $143,000 to support Let's Share the Sun Foundation (LSTS), a nonprofit dedicated to bringing solar energy to underserved communities.

PRNewsWire • Dec 5, 2025

ALLETE, Inc. Awaits Written Order to Complete Sale to Partners Canada Pension Plan Investment Board and Global Infrastructure Partners; Reports Third Quarter 2025 Earnings

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) ALLETE today reported third quarter 2025 earnings of 46 cents per share on net income of $27.1 million. Last year's third quarter results were 78 cents per share on net income of $45.0 million. Net income in the third quarter of 2025 and year to date primarily reflects lower sales to industrial customers and inflationary pressures at Minnesota Power, lower sales of renewable projects at the clean energy businesses and transaction related.

Business Wire • Oct 31, 2025

ALLETE to Announce Third Quarter Financial Results October 31

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Friday, October 31, 2025. ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, N.D.; and New Energy Equity, headquartered in Annapolis, Maryland; and has an.

Business Wire • Oct 28, 2025

ALLETE Obtains Regulatory Approval from Minnesota Public Utilities Commission for Partnership with CPP Investments and Global Infrastructure Partners

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) (the Company) today announced that the Minnesota Public Utilities Commission (MPUC) voted unanimously to approve its acquisition by Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP). With all required regulatory approvals secured, the transaction is expected to close in late 2025 following issuance of the MPUC's written order. “We are grateful to the Minnesota Public Utilities Commission for t.

Business Wire • Oct 3, 2025

This Dividend Opportunity Is Disappearing Soon: Allete

Allete's acquisition by Canada Pension Plan presents a short-term arbitrage opportunity. The market is rarely efficient, so we capitalize on its inefficiency to our benefit. Collect tax-advantaged income while waiting on the capital gains.

Seeking Alpha • Sep 24, 2025

Allete: Merger Close Doubts Arise, But Buy Rating Maintained

Allete's merger is progressing, with all major approvals secured except for the Minnesota Public Utilities Commission (MPUC). The Minnesota Commerce Department now supports the merger, citing benefits for affordable, clean, and reliable energy. Despite this, the Administrative Law Judge recommended denying the merger, citing unresolved concerns, even after reviewing the settlement agreement.

Seeking Alpha • Sep 4, 2025

Allete quarterly profit drops on higher operating, interest expense

U.S. utility Allete posted a fall in second-quarter profit on Thursday, weighed down by lower industrial margins along with higher operating and interest expenses.

Reuters • Aug 7, 2025

ALLETE, Inc. Reports Second Quarter 2025 Earnings

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported second quarter 2025 earnings of 55 cents per share on net income of $31.9 million. Last year's second quarter results were 57 cents per share on net income of $33.0 million. Net income in the second quarter of 2025 includes transaction expenses of $3.4 million after-tax, or 6 cents per share, related to the announced merger. Net income in the second quarter of 2024 included transaction expenses of $14.5 million after-tax, o.

Business Wire • Aug 7, 2025