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Common Stock and Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Summary of Common Stock
Summary of Common StockSharesEquity
 ThousandsMillions
Balance as of December 31, 202052,085 $1,460.9 
Employee Stock Purchase Plan17 0.8 
Invest Direct263 17.5 
Share-Based Compensation73 6.5 
Equity Issuance Program782 51.0 
Balance as of December 31, 202153,220 1,536.7 
Employee Stock Purchase Plan11 0.9 
Invest Direct244 14.9 
Share-Based Compensation82 5.3 
Equity Issuance3,680 223.7 
Balance as of December 31, 202257,237 1,781.5 
Employee Stock Purchase Plan16 0.8 
Invest Direct232 13.3 
Share-Based Compensation76 8.1 
Balance as of December 31, 202357,561 $1,803.7 
Reconciliation of Basic and Diluted Earnings Per Share
Reconciliation of Basic and Diluted   
Earnings Per Share Dilutive 
Year Ended December 31BasicSecuritiesDiluted
Millions Except Per Share Amounts   
2023   
Net Income Attributable to ALLETE$247.1 $247.1 
Average Common Shares57.3 0.1 57.4 
Earnings Per Share$4.31 $4.30 
2022   
Net Income Attributable to ALLETE$189.3 $189.3 
Average Common Shares55.9 0.1 56.0 
Earnings Per Share$3.38 $3.38 
2021   
Net Income Attributable to ALLETE$169.2 $169.2 
Average Common Shares52.4 0.1 52.5 
Earnings Per Share$3.23 $3.23