Business Segments

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Business Segments [Text Block]

BUSINESS SEGMENTS

We present two reportable segments: Regulated Operations and ALLETE Clean Energy. We measure performance of our operations through budgeting and monitoring of contributions to consolidated net income by each business segment.

Regulated Operations includes three operating segments which consist of our regulated utilities, Minnesota Power and SWL&P, as well as our investment in ATC. ALLETE Clean Energy is our business focused on developing, acquiring and operating clean and renewable energy projects. We also present Corporate and Other which includes two operating segments, BNI Energy, our coal mining operations in North Dakota, and ALLETE Properties, our legacy Florida real estate investment, along with our investment in Nobles 2, other business development and corporate expenditures, unallocated interest expense, a small amount of non-rate base generation, approximately 4,000 acres of land in Minnesota, and earnings on cash and investments.

NOTE 10. BUSINESS SEGMENTS (Continued)

	Quarter Ended		Six Months Ended
	June 30,		June 30,
	2021	2020	2021	2020
Millions
Operating Revenue
Regulated Operations
Residential	$35.4	$27.4	$81.0	$68.3
Commercial	40.7	28.8	80.4	66.1
Municipal	11.5	9.0	24.1	19.3
Industrial	139.1	88.0	268.1	206.8
Other Power Suppliers	37.3	27.4	75.7	65.7
Other	26.4	20.2	54.1	39.9
Total Regulated Operations	290.4	200.8	583.4	466.1
ALLETE Clean Energy
Long-term PSA	18.7	14.8	36.8	32.1
Other	2.9	2.8	5.7	5.6
Total ALLETE Clean Energy	21.6	17.6	42.5	37.7
Corporate and Other
Long-term Contract	21.4	22.5	43.1	44.9
Other	2.2	2.3	5.8	6.1
Total Corporate and Other	23.6	24.8	48.9	51.0
Total Operating Revenue	$335.6	$243.2	$674.8	$554.8
Net Income Attributable to ALLETE
Regulated Operations	$21.5	$11.1	$66.5	$68.6
ALLETE Clean Energy	5.1	4.0	12.5	15.7
Corporate and Other	1.3	5.0	0.7	2.1
Total Net Income Attributable to ALLETE	$27.9	$20.1	$79.7	$86.4

	June 30, 2021	December 31, 2020
Millions
Assets
Regulated Operations	$4,200.1	$4,196.8
ALLETE Clean Energy	1,653.5	1,483.3
Corporate and Other	439.7	404.5
Total Assets	$6,293.3	$6,084.6