Earnings Per Share and Common Stock

3 Months Ended

Mar. 31, 2016

Earnings Per Share and Common Stock [Text Block]

EARNINGS PER SHARE AND COMMON STOCK

We compute basic earnings per share using the weighted average number of shares of common stock outstanding during each period. The difference between basic and diluted earnings per share, if any, arises from outstanding stock options, non-vested restricted stock units, performance share awards granted under our Executive Long-Term Incentive Compensation Plan and common shares under the forward sale agreement. For the three months ended March 31, 2016 and 2015, no options to purchase shares of common stock were excluded from the computation of diluted earnings per share.

NOTE 11. EARNINGS PER SHARE AND COMMON STOCK (Continued)



			2016					2015
Reconciliation of Basic and Diluted			Dilutive					Dilutive
Earnings Per Share	Basic		Securities	Diluted		Basic		Securities	Diluted
Millions Except Per Share Amounts
Three months ended March 31,
Net Income Attributable to ALLETE		$45.9			$45.9		$39.9			$39.9
Average Common Shares	49.2		—	49.2		46.9		0.2	47.1
Earnings Per Share		$0.93			$0.93		$0.85			$0.85