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Consolidated Statement of Income Unaudited - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenue        
Contracts with Customers – Utility $ 314.3 $ 322.6 $ 919.1 $ 960.3
Contracts with Customers – Non-utility 63.2 64.5 554.1 178.3
Other – Non-utility 1.3 1.2 3.9 6.3
Total Operating Revenue 378.8 388.3 1,477.1 1,144.9
Operating Expenses        
Fuel, Purchased Power and Gas – Utility 124.9 136.8 350.8 417.4
Transmission Services – Utility 22.7 19.3 66.3 57.5
Cost of Sales – Non-utility 33.0 38.4 436.7 96.9
Operating and Maintenance 83.6 83.2 254.2 238.1
Depreciation and Amortization 63.1 58.7 188.2 181.4
Taxes Other than Income Taxes 15.5 18.5 43.1 53.1
Total Operating Expenses 342.8 354.9 1,339.3 1,044.4
Operating Income 36.0 33.4 137.8 100.5
Other Income (Expense)        
Interest Expense (20.5) (18.4) (60.9) (55.3)
Equity Earnings 4.7 2.3 16.1 13.1
Other 68.7 2.3 75.3 16.4
Total Other Income (Expense) 52.9 (13.8) 30.5 (25.8)
Income Before Income Taxes 88.9 19.6 168.3 74.7
Income Tax Expense (Benefit) 19.3 (7.2) 20.4 (19.4)
Net Income 69.6 26.8 147.9 94.1
Net Loss Attributable to Non-Controlling Interest (16.3) (6.9) (47.7) (43.5)
Net Income Attributable to ALLETE $ 85.9 $ 33.7 $ 195.6 $ 137.6
Earnings Per Share [Abstract]        
Basic (in shares) 57.4 57.1 57.3 55.5
Diluted (in shares) 57.5 57.2 57.4 55.6
Basic Earnings Per Share of Common Stock (in usd per share) $ 1.50 $ 0.59 $ 3.41 $ 2.48
Diluted Earnings Per Share of Common Stock (in usd per share) $ 1.49 $ 0.59 $ 3.41 $ 2.48