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ALLETE (ALE) Q4 2020 Earnings Call Transcript


Operator
Good day, and welcome to the ALLETE fourth-quarter 2020 financial results call. Today s call is being recorded. Certain statements contained in this conference call that are not descriptions of historical facts are forward-looking statements such as terms defined in the Private Securities Litigation Reform Act of 1995. Because such statements can include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include but are not limited to those discussed in filings made by the company with the Securities and Exchange Commission. Many of the factors that will determine the company s future results are beyond the ability of management to control or predict. Listeners should not place undue reliance on forward-looking statements which reflect management s views only as the d ....

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Local View: Climate change is real — 'and we have taken action'


Local View: Climate change is real ‘and we have taken action’
Allete CEO: We pledge to continue to seek new strategies and the integration of advances in technology. We know that some of the best energy solutions are the ones that are still being designed by innovative engineers.
Written By:
Bethany Owen |
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Nobles 2 is a wind farm in southwestern Minnesota. It came online in December.Minnesota Power photo
Minnesota Power has proudly and gratefully served this region for more than 100 years, and we look forward to the next 100. Our recent announcement of our bold vision to deliver 100% carbon-free energy to customers by 2050 reflects our commitment to the climate, our customers, and our communities. ....

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Environmental News For The Week Ending 16January 2019


Environmental News For The Week Ending 16January 2019
This is a collection of interesting news articles about the environment and related topics published last week. This is usually a Tuesday evening regular post at
GEI (but can be posted at other times).
Please share this article - Go to very top of page, right hand side, for social media buttons.
Note: Because of the high volume of news regarding the coronavirus outbreak, that news has been published separately:
Summary:
New US Covid infections for the week ending January 16th were 8.5% below those of the week ending January 9th, so it appears that the incidence of new cases mat have peaked and is turning down, at least for the time being. One caveat to that, though, is that we don t know how many of the prior week s cases were from reports that had been delayed over the holidays. For a check on that, we can compare new cases from the week ending January 16th to those from the week ending December 19t ....

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Minnesota Power shutting, converting final two coal plants by 2035


Minnesota Power shutting, converting final two coal plants by 2035
Brooks Johnson, Star Tribune
DULUTH – Minnesota Power will shutter and convert its last two coal power plants by 2035 as it moves toward a promised 100% carbon-free energy mix by 2050.
The Duluth-based utility, which serves a broad swath of northeastern and central Minnesota, announced the timeline Tuesday ahead of the company filing a detailed 15-year plan with state regulators in February.
We re no longer just dreaming of a carbon-free future, said Bethany Owen, CEO of parent company Allete Inc. We believe Minnesota Power is ready to reach this goal.
By the end of the decade Minnesota Power intends to shut down the Boswell Energy Center Unit 3, a 335-megawatt coal-fired plant in Cohasset. The utility plans to add 400 megawatts of solar and wind energy by 2030 to replace it. ....

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