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Consolidated Statement of Income (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Income Statement [Abstract]        
Operating Revenue $ 219.9 $ 211.2 $ 462.1 $ 444.8
Operating Expenses        
Fuel and Purchased Power 76.0 74.3 155.0 154.1
Operating and Maintenance 95.7 85.4 185.8 173.1
Depreciation 22.1 19.8 44.4 39.8
Total Operating Expenses 193.8 179.5 385.2 367.0
Operating Income 26.1 31.7 76.9 77.8
Other Income (Expense)        
Interest Expense (11.0) (9.5) (21.7) (18.4)
Equity Earnings in ATC 4.6 4.4 9.0 8.9
Other 1.0 2.2 1.8 3.2
Total Other Expense (5.4) (2.9) (10.9) (6.3)
Income Before Non-Controlling Interest and Income Taxes 20.7 28.8 66.0 71.5
Income Tax Expense 3.8 9.4 12.0 29.3
Net Income 16.9 19.4 54.0 42.2
Less: Non-Controlling Interest in Subsidiaries (0.1) 0 (0.2) (0.2)
Net Income (Loss) Attributable to ALLETE $ 17.0 $ 19.4 $ 54.2 $ 42.4
Average Shares of Common Stock        
Basic 35.0 34.1 34.8 34.0
Diluted 35.1 34.2 34.9 34.1
Basic Earnings Per Share of Common Stock $ 0.49 $ 0.57 $ 1.56 $ 1.25
Diluted Earnings Per Share of Common Stock $ 0.48 $ 0.57 $ 1.55 $ 1.25
Dividends Per Share of Common Stock $ 0.445 $ 0.44 $ 0.89 $ 0.88