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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and Cash Equivalents $ 71.9 $ 36.4
Accounts Receivable (Less Allowance of $1.6 and $1.6 ) 137.2 137.9
Inventories – Net 175.4 455.9
Prepayments and Other 83.6 87.8
Total Current Assets 468.1 718.0
Property, Plant and Equipment – Net 5,013.4 5,004.0
Regulatory Assets 425.4 441.0
Equity Investments 331.2 322.7
Goodwill and Intangible Assets – Net 155.4 155.6
Other Non-Current Assets 262.9 204.3
Total Assets 6,656.4 6,845.6
Current Liabilities    
Accounts Payable 102.2 103.0
Accrued Taxes 51.0 69.1
Accrued Interest 21.1 20.5
Long-Term Debt Due Within One Year 111.4 272.6
Other 91.9 251.0
Total Current Liabilities 377.6 716.2
Long-Term Debt 1,679.9 1,648.2
Deferred Income Taxes 192.7 158.1
Regulatory Liabilities 574.0 526.1
Defined Benefit Pension and Other Postretirement Benefit Plans 160.8 179.7
Other Non-Current Liabilities 264.3 269.0
Total Liabilities 3,249.3 3,497.3
Commitments, Guarantees and Contingencies (Note 9)
Redeemable Non-Controlling Interest 0.5 0.0
ALLETE Equity    
Common Stock Without Par Value, 80.0 Shares Authorized, 57.6 and 57.2 Shares Issued and Outstanding 1,803.7 1,781.5
Accumulated Other Comprehensive Loss (20.5) (24.4)
Retained Earnings 1,026.4 934.8
Total ALLETE Equity 2,809.6 2,691.9
Non-Controlling Interest in Subsidiaries 597.0 656.4
Total Equity 3,406.6 3,348.3
Total Liabilities, Redeemable Non-Controlling Interest and Equity $ 6,656.4 $ 6,845.6