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BUSINESS SEGMENTS (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Business Segments | We also present Corporate and Other which includes New Energy, a renewable energy development company, BNI Energy, our coal mining operations in North Dakota, ALLETE Properties, our legacy Florida real estate investment, along with our investment in Nobles 2, South Shore Energy, our non-rate regulated, Wisconsin subsidiary developing NTEC, other business development and corporate expenditures, unallocated interest expense, a small amount of non-rate base generation, land holdings in Minnesota, and earnings on cash and investments. NOTE 10. BUSINESS SEGMENTS (Continued)
| Quarter Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2024 | 2023 |  | 2024 | 2023
Millions |  |  |  |  |
Operating Revenue |  |  |  |  |
Regulated Operations |  |  |  |  |
Residential | $41.9 |  | $37.9 |  |  | $130.5 |  | $123.3 |
Commercial | 49.5 |  | 49.2 |  |  | 143.0 |  | 140.9 |
Municipal | 9.2 |  | 8.7 |  |  | 25.6 |  | 25.2 |
Industrial | 149.8 |  | 154.3 |  |  | 456.1 |  | 439.4 |
Other Power Suppliers | 32.0 |  | 31.0 |  |  | 102.4 |  | 103.2 |
Other | 28.1 |  | 33.2 |  |  | 71.0 |  | 87.1 |
Total Regulated Operations | 310.5 |  | 314.3 |  |  | 928.6 |  | 919.1 |
ALLETE Clean Energy |  |  |  |  |
Long-term PSA | 9.9 |  | 12.9 |  |  | 42.2 |  | 44.5 |
Sale of Wind Energy Facilities | 22.9 |  | — |  |  | 22.9 |  | 348.4 |
Other | 1.3 |  | 1.3 |  |  | 3.8 |  | 3.9 |
Total ALLETE Clean Energy | 34.1 |  | 14.2 |  |  | 68.9 |  | 396.8 |
Corporate and Other |  |  |  |  |
Long-term Contract | 26.7 |  | 24.6 |  |  | 79.4 |  | 74.0 |
Sale of Renewable Development Projects | 29.2 |  | 20.8 |  |  | 68.7 |  | 73.2 |
Other | 6.7 |  | 4.9 |  |  | 19.4 |  | 14.0 |
Total Corporate and Other | 62.6 |  | 50.3 |  |  | 167.5 |  | 161.2 |
Total Operating Revenue | $407.2 |  | $378.8 |  |  | $1,165.0 |  | $1,477.1 |
Net Income (Loss) Attributable to ALLETE |  |  |  |  |
Regulated Operations | $34.0 |  | $34.0 |  |  | $111.9 |  | $112.4 |
ALLETE Clean Energy (a) | 3.9 |  | 54.8 |  |  | 10.1 |  | 66.4 |
Corporate and Other (b) | 7.1 |  | (2.9) |  |  | 6.7 |  | 16.8 |
Total Net Income Attributable to ALLETE | $45.0 |  | $85.9 |  |  | $128.7 |  | $195.6 |
(a)Net income in 2023 includes a $44.3 million after-tax gain recognized for a favorable arbitration ruling. (See Note 6. Commitments, Guarantees and Contingencies.) (b)Net income in 2023 includes a $3.8 million after-tax expense recognized for the consolidated income tax impact of the gain on arbitration. (See Note 6. Commitments, Guarantees and Contingencies.)
| September 30, 2024 | December 31, 2023
Millions |  |
Assets |  |
Regulated Operations | $4,410.3 |  | $4,335.0 |
ALLETE Clean Energy | 1,581.6 |  | 1,594.1 |
Corporate and Other | 745.3 |  | 727.3 |
Total Assets | $6,737.2 |  | $6,656.4 |

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