XML 39 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Segments
 9 Months Ended
Sep. 30, 2013
Business Segments [Abstract]  
Business Segments [Text Block]
BUSINESS SEGMENTS

Regulated Operations includes our regulated utilities, Minnesota Power and SWL&P, as well as our investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota and Illinois. Investments and Other is comprised primarily of BNI Coal, our coal mining operations in North Dakota, ALLETE Properties, our Florida real estate investment, and ALLETE Clean Energy, our business aimed at developing or acquiring capital projects that create energy solutions via wind, solar, biomass, midstream gas and oil infrastructure, among other energy-related projects. This segment also includes other business development and corporate expenditures, a small amount of non-rate base generation, approximately 6,000 acres of land in Minnesota, and earnings on cash and investments.

 
Consolidated
Regulated Operations
Investments and Other
Millions
 
 
 
For the Quarter Ended September 30, 2013
 
 
 
Operating Revenue

$251.0


$226.4


$24.6

Fuel and Purchased Power Expense
80.5

80.5

—

Operating and Maintenance Expense
102.7

78.6

24.1

Depreciation Expense
29.4

27.9

1.5

Operating Income (Loss)
38.4

39.4

(1.0
)
Interest Expense
(12.7
)
(10.4
)
(2.3
)
Equity Earnings in ATC
4.9

4.9

—

Other Income
3.3

1.2

2.1

Income (Loss) Before Income Taxes
33.9

35.1

(1.2
)
Income Tax Expense (Benefit)
8.7

10.5

(1.8
)
Net Income

$25.2


$24.6


$0.6


 
Consolidated
Regulated Operations
Investments and Other
Millions
 
 
 
For the Quarter Ended September 30, 2012
 
 
 
Operating Revenue

$248.8


$226.4


$22.4

Fuel and Purchased Power Expense
79.5

79.5

—

Operating and Maintenance Expense
98.7

76.4

22.3

Depreciation Expense
25.0

23.5

1.5

Operating Income (Loss)
45.6

47.0

(1.4
)
Interest Expense
(12.3
)
(10.2
)
(2.1
)
Equity Earnings in ATC
4.9

4.9

—

Other Income
1.5

1.5

—

Income (Loss) Before Income Taxes
39.7

43.2

(3.5
)
Income Tax Expense (Benefit)
10.3

13.9

(3.6
)
Net Income

$29.4


$29.3

$0.1
 
Consolidated
Regulated Operations
Investments and Other
Millions
 
 
 
For the Nine Months Ended September 30, 2013
 
 
 
Operating Revenue

$750.4


$683.6


$66.8

Fuel and Purchased Power Expense
245.7

245.7

—

Operating and Maintenance Expense
311.2

243.6

67.6

Depreciation Expense
86.3

81.8

4.5

Operating Income (Loss)
107.2

112.5

(5.3
)
Interest Expense
(37.8
)
(31.5
)
(6.3
)
Equity Earnings in ATC
15.1

15.1

—

Other Income
7.5

3.4

4.1

Income (Loss) Before Income Taxes
92.0

99.5

(7.5
)
Income Tax Expense (Benefit)
20.3

26.5

(6.2
)
Net Income (Loss)

$71.7


$73.0

$(1.3)
 
 
 
 
As of September 30, 2013
 
 
 
Total Assets

$3,463.9


$3,086.3


$377.6

Property, Plant and Equipment – Net

$2,456.1


$2,384.1


$72.0

Accumulated Depreciation

$1,225.3


$1,165.8


$59.5

Capital Additions

$186.4


$177.6


$8.8


 
Consolidated
Regulated Operations
Investments and Other
Millions
 
 
 
For the Nine Months Ended September 30, 2012
 
 
 
Operating Revenue

$705.2


$642.0


$63.2

Fuel and Purchased Power Expense
228.7

228.7

—

Operating and Maintenance Expense
294.8

230.6

64.2

Depreciation Expense
74.4

70.1

4.3

Operating Income (Loss)
107.3

112.6

(5.3
)
Interest Expense
(33.4
)
(29.7
)
(3.7
)
Equity Earnings in ATC
14.3

14.3

—

Other Income (Expense)
3.4

3.5

(0.1
)
Income (Loss) Before Income Taxes
91.6

100.7

(9.1
)
Income Tax Expense (Benefit)
23.4

32.6

(9.2
)
Net Income

$68.2


$68.1

$0.1
 
 
 
 
As of September 30, 2012
 

 

 

Total Assets

$3,138.1


$2,830.9


$307.2

Property, Plant and Equipment – Net

$2,239.9


$2,180.8


$59.1

Accumulated Depreciation

$1,146.7


$1,091.5


$55.2

Capital Additions

$318.3


$312.6


$5.7