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Consolidated Balance Sheet Unaudited - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and Cash Equivalents $ 32.0 $ 71.9
Accounts Receivable (Less Allowance of $1.7 and $1.6) 142.2 137.2
Inventories – Net 182.7 175.4
Prepayments and Other 76.3 83.6
Total Current Assets 433.2 468.1
Property, Plant and Equipment – Net 5,009.1 5,013.4
Regulatory Assets 409.0 425.4
Equity Investments 333.1 331.2
Goodwill and Intangible Assets – Net 155.4 155.4
Other Non-Current Assets 264.8 262.9
Total Assets 6,604.6 6,656.4
Current Liabilities    
Accounts Payable 84.2 102.2
Accrued Taxes 62.9 51.0
Accrued Interest 16.3 21.1
Long-Term Debt Due Within One Year 17.2 111.4
Other 80.2 91.9
Total Current Liabilities 260.8 377.6
Long-Term Debt 1,772.4 1,679.9
Deferred Income Taxes 195.0 192.7
Regulatory Liabilities 564.0 574.0
Defined Benefit Pension and Other Postretirement Benefit Plans 135.4 160.8
Other Non-Current Liabilities 268.0 264.3
Total Liabilities 3,195.6 3,249.3
Commitments, Guarantees and Contingencies (Note 6)
Redeemable Non-Controlling Interest 0.5 0.5
Equity    
Common Stock Without Par Value, 80.0 Shares Authorized, 57.7 and 57.6 Shares Issued and Outstanding 1,807.4 1,803.7
Accumulated Other Comprehensive Loss (20.9) (20.5)
Retained Earnings 1,036.5 1,026.4
Total ALLETE Equity 2,823.0 2,809.6
Non-Controlling Interest in Subsidiaries 585.5 597.0
Total Equity 3,408.5 3,406.6
Total Liabilities, Redeemable Non-Controlling Interest and Equity $ 6,604.6 $ 6,656.4