ALLETE’s annual meeting to be virtual

ALLETE, Inc., the Duluth, Minnesota-based energy company in the process of building a large wind farm near Ardmore, Oklahoma is following the path set by other large firms in holding virtual annual shareholders meetings.

The company announced this week the decision was made because of the COVID-19 pandemic and a desire to protect the health of shareholders, employees, directors and other stakeholders.


“Safety is a core value for all of us at ALLETE. Although we are disappointed we will not be able to meet with shareholders face-to-face at this year’s Annual Meeting, protecting the health of everyone in our communities is our priority,” ALLETE Chief Executive Officer and President Bethany Owen said. “We are pleased to be conducting this year’s meeting on a virtual platform that will allow participation and questions from shareholders.”

The date and time of the Annual Meeting of Shareholders will not change. It will be held on Tuesday, May 12, 2020 at 10:30 a.m. Central Time.

ALLETE owns and operates the 300-megawatt Diamond Spring wind farm located 25 miles east of Ardmore in southern Oklahoma.

Minnesota-based ALLETE Clean Energy announced it has reached a power sales agreement for the remaining output of its Diamond Spring wind farm to be built in southern Oklahoma. It recently reached agreement with Smithfield Foods, Inc, Walmart and Starbucks to supply electrical power for the next 12 to 15 years.

Diamond Spring is ALLETE Clean Energy’s first project to sell wind power to corporate customers.

In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; and BNI Energy in Bismarck, N.D.; and has an eight percent equity interest in the American Transmission Co.

Source: Business Wire