Commitments to Advance ALLETE’s Shared Purpose, Culture and Values
Benefits for Employees
Commitments with respect to workforce retention, as well as maintaining compensation levels and benefits programs
Agreement honors union contracts including our strong partnership with the International Brotherhood of Electrical Workers
Partnering with CPP Investments and GIP will create new and exciting opportunities for the ALLETE team
Benefits for Customers
Maintaining our strong customer focus as the region’s premier power provider
Additional capital will allow ALLETE to enhance our commitment to providing affordable, reliable and increasingly clean energy
Rates will not be impacted as a result of the transaction
Benefits for Communities
CPP Investments and GIP recognize the importance of our ties to the communities we serve and in which we operate
ALLETE will remain independently operated and locally managed
Agreement ensures ALLETE will continue investing to support vibrant and sustainable communities, close opportunity gaps, and help people of all ages live with purpose and passion
