Operations and Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Cash, Cash Equivalents and Restricted Cash [Table Text Block]

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheet that aggregate to the amount presented in the Consolidated Statement of Cash Flows. During the first quarter of 2018, the Company updated the presentation of its Consolidated Statement of Cash Flows to include restricted cash with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the Consolidated Statement of Cash Flows. (See Recently Adopted Pronouncements - Statement of Cash Flows: Restricted Cash.)



Cash, Cash Equivalents and Restricted Cash	March 31, 2018		December 31, 2017		March 31, 2017		December 31, 2016
Millions
Cash and Cash Equivalents		$98.5		$98.9		$81.8		$27.5
Restricted Cash included in Prepayments and Other	8.8		2.6		9.1		2.2
Restricted Cash included in Other Non-Current Assets	8.6		8.6		8.6		8.6
Cash, Cash Equivalents and Restricted Cash in the Consolidated Statement of Cash Flows		$115.9		$110.1		$99.5		$38.3

Inventories – Net [Table Text Block]



Inventories – Net	March 31, 2018			December 31, 2017
Millions
Fuel (a)		$33.8			$34.8
Materials and Supplies	46.9			46.5
Construction of Wind Energy Facility (b)	46.9			—
Raw Materials	2.8			2.8
Work in Progress	4.2			4.2
Finished Goods	9.3			8.3
Reserve for Obsolescence	(0.8		)	(0.7		)
Total Inventories – Net		$143.1			$95.9


(a)	Fuel consists primarily of coal inventory at Minnesota Power.


(b)	On February 28, 2018, Montana-Dakota Utilities exercised its option to purchase the Thunder Spirit II wind energy facility upon completion, resulting in a reclassification of the project value from Property, Plant and Equipment – Net to Inventory – Net as ALLETE Clean Energy will no longer own and operate the facility upon completion.

Other Non-Current Assets [Table Text Block]



Other Non-Current Assets	March 31, 2018		December 31, 2017
Millions
Contract Assets (a)		$31.0		$31.6
Finance Receivable	10.9		11.0
Other	67.1		65.1
Total Other Non-Current Assets		$109.0		$107.7


(a)	Contract Assets include payments made to customers as an incentive to execute or extend service agreements. The contract payments are being amortized over the term of the respective agreements.

Other Current Liabilities [Table Text Block]



Other Current Liabilities	March 31, 2018		December 31, 2017
Millions
Provision for Interim Rate Refund (a)		$28.1	—
PSAs	21.5			$24.5
Contract Liabilities (b)	20.0		8.7
Provision for Tax Reform Refund (c)	7.5		—
Contingent Consideration (d)	5.5		—
Other	47.6		50.0
Total Other Current Liabilities		$130.2		$83.2


(a)	Provision for Interim Rate Refund is expected to be refunded to Minnesota Power’s regulated retail customers in the first quarter of 2019. (See Note 6. Regulatory Matters.)


(b)	Contract Liabilities include deposits received as a result of entering into contracts with our customers prior to completing our performance obligations.


(c)	Provision for Tax Reform Refund is deferred as a regulatory liability pending the outcome of regulatory proceedings with the MPUC and PSCW. (See Note 6. Regulatory Matters.)


(d)	Contingent Consideration relates to the estimated fair value of the earnings-based payment resulting from the U.S. Water Services acquisition. (See Note 5. Fair Value.)

Other Non-Current Liabilities [Table Text Block]



Other Non-Current Liabilities	March 31, 2018		December 31, 2017
Millions
Asset Retirement Obligation		$122.9		$122.7
PSAs	86.3		89.5
Contingent Consideration (a)	—		5.4
Other	48.6		49.5
Total Other Non-Current Liabilities		$257.8		$267.1


(a)	Contingent Consideration relates to the estimated fair value of the earnings-based payment resulting from the U.S. Water Services acquisition. (See Note 5. Fair Value.)

Supplemental Statement of Cash Flows Information [Table Text Block]

Supplemental Statement of Cash Flows Information.



Three Months Ended March 31,	2018		2017
Millions
Cash Paid for Interest – Net of Amounts Capitalized		$19.3		$18.9
Noncash Investing and Financing Activities
Decrease in Accounts Payable for Capital Additions to Property, Plant and Equipment	$(48.1)		$(3.5)
Reclassification of Property, Plant and Equipment to Inventory (a)		$46.9	—
Capitalized Asset Retirement Costs		$0.8		$19.3
AFUDC–Equity		$0.3		$0.2
ALLETE Common Stock Contributed to the Pension Plans	—			$13.5


(a)	On February 28, 2018, Montana-Dakota Utilities exercised its option to purchase the Thunder Spirit II wind energy facility upon completion, resulting in a reclassification of the project value from Property, Plant and Equipment – Net to Inventory – Net as ALLETE Clean Energy will no longer own and operate the facility upon completion.