Investor Presentaiton
ALLETE Earnings (millions)
Quarter and nine months ended September 30, 2020
Regulated Operations
ALLETE Clean Energy
U.S. Water Services
Corporate and Other
Net Income Attributable to ALLETE
Diluted Earnings Per Share of Common Stock
Quarter Ended
September 30,
Nine Months Ended
September 30,
2020
2019
2020
2019
$42.4
$32.4
$111.0
$114.2
1.1
(1.2)
16.8
6.5
(1.1)
(2.8)
(0.7)
16.3
$40.7
$31.2
$127.1
$135.9
$0.78
$0.60
$2.45
$2.63
See slide 42 for earnings per share impacts related to:
1) 2020 third quarter included timing impacts related to fuel adjustment clause recoveries and income tax expense of $5.2 million.
2) 2020 year-to-date included a reserve for interim rates of $8.3 million after-tax.
3) 2019 year-to-date included the after-tax gain on sale of U.S. Water Services of $11.1 million after-tax.
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