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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and Cash Equivalents $ 32.8 $ 71.9
Accounts Receivable (Less Allowance of $1.7 and $1.6 ) 148.1 137.2
Inventories – Net 154.6 175.4
Prepayments and Other 99.7 83.6
Total Current Assets 435.2 468.1
Property, Plant and Equipment – Net 5,181.5 5,013.4
Regulatory Assets 371.7 425.4
Equity Investments 340.1 331.2
Goodwill and Intangible Assets – Net 155.3 155.4
Other Non-Current Assets 270.5 262.9
Total Assets 6,754.3 6,656.4
Current Liabilities    
Accounts Payable 113.6 102.2
Accrued Taxes 54.6 51.0
Accrued Interest 23.4 21.1
Long-Term Debt Due Within One Year 94.7 111.4
Other 117.9 91.9
Total Current Liabilities 404.2 377.6
Long-Term Debt 1,704.7 1,679.9
Deferred Income Taxes 253.4 192.7
Regulatory Liabilities 570.5 574.0
Defined Benefit Pension and Other Postretirement Benefit Plans 118.2 160.8
Other Non-Current Liabilities 312.8 264.3
Total Liabilities 3,363.8 3,249.3
Commitments, Guarantees and Contingencies (Note 9)
Redeemable Non-Controlling Interest 0.4 0.5
ALLETE Equity    
Common Stock Without Par Value, 80.0 Shares Authorized, 57.9 and 57.6 Shares Issued and Outstanding 1,823.2 1,803.7
Accumulated Other Comprehensive Loss (18.1) (20.5)
Retained Earnings 1,042.9 1,026.4
Total ALLETE Equity 2,848.0 2,809.6
Non-Controlling Interest in Subsidiaries 542.1 597.0
Total Equity 3,390.1 3,406.6
Total Liabilities, Redeemable Non-Controlling Interest and Equity $ 6,754.3 $ 6,656.4