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CONSOLIDATED BALANCE SHEET Unaudited - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and Cash Equivalents $ 92.0 $ 32.8
Accounts Receivable (Less Allowance of $1.8 and $1.7) 143.2 148.1
Inventories – Net 171.1 154.6
Prepayments and Other 71.6 99.7
Total Current Assets 477.9 435.2
Property, Plant and Equipment – Net 5,255.5 5,181.5
Regulatory Assets 364.6 371.7
Equity Investments 344.0 340.1
Goodwill and Intangible Assets – Net 155.3 155.3
Other Non-Current Assets 269.0 270.5
Total Assets 6,866.3 6,754.3
Current Liabilities    
Accounts Payable 106.0 113.6
Accrued Taxes 64.9 54.6
Accrued Interest 19.0 23.4
Long-Term Debt Due Within One Year 94.2 94.7
Other 96.5 117.9
Total Current Liabilities 380.6 404.2
Long-Term Debt 1,832.8 1,704.7
Deferred Income Taxes 269.5 253.4
Regulatory Liabilities 580.6 570.5
Defined Benefit Pension and Other Postretirement Benefit Plans 99.2 118.2
Other Non-Current Liabilities 314.8 312.8
Total Liabilities 3,477.5 3,363.8
Commitments, Guarantees and Contingencies (Note 6)
Redeemable Non-Controlling Interest 0.5 0.4
ALLETE Equity    
Common Stock Without Par Value, 80.0 Shares Authorized, 58.0 and 57.9 Shares Issued and Outstanding 1,827.4 1,823.2
Accumulated Other Comprehensive Loss (18.1) (18.1)
Retained Earnings 1,056.7 1,042.9
Total ALLETE Equity 2,866.0 2,848.0
Non-Controlling Interest in Subsidiaries 522.3 542.1
Total Equity 3,388.3 3,390.1
Total Liabilities, Redeemable Non-Controlling Interest and Equity $ 6,866.3 $ 6,754.3