SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) - SEPTEMBER 19, 2002
ALLETE, INC.
A Minnesota Corporation
Commission File No. 1-3548
IRS Employer Identification No. 41-0418150
30 West Superior Street
Duluth, Minnesota 55802-2093
Telephone - (218) 279-5000
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
Reference is made to the 2001 Form 10-K of ALLETE, Inc. (ALLETE or the Company)
for background information on the following update. Unless otherwise indicated,
cited references are to ALLETE's 2001 Form 10-K.
Ref. Page 11 - Sixth Paragraph
Ref. Page 30 - Third Paragraph
Ref. Form 8-K dated and filed February 28, 2002 - Second Paragraph
Ref. Form 8-K dated and filed March 28, 2002
Ref. Form 10-Q for the quarter ended March 31, 2002 - Page 18 - Fifth Paragraph
Ref. Form 10-Q for the quarter ended June 30, 2002 - Page 17 - Sixth Paragraph
and Page 22 - Third Paragraph
Ref. Form 8-K dated and filed September 19, 2002
On September 19, 2002 ALLETE announced that Florida Water Services Corporation,
a wholly owned water subsidiary, entered into an agreement to sell its assets to
Florida Water Services Authority, a governmental entity that was established by
an interlocal agreement between the cities of Gulf Breeze and Milton, Florida.
In accordance with Item 601 of Regulation S-K ALLETE herewith files the related
Asset Purchase Agreement by and between Florida Water Services Corporation and
Florida Water Services Authority dated as of September 19, 2002.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
Number
------
2 - Asset Purchase Agreement by and between Florida Water Services
Corporation and Florida Water Services Authority dated as of
September 19, 2002.
ALLETE Form 8-K dated September 20, 2002 1
SAFE HARBOR STATEMENT
UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
In connection with the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, ALLETE is hereby filing cautionary statements
identifying important factors that could cause ALLETE's actual results to differ
materially from those projected in forward-looking statements (as such term is
defined in the Private Securities Litigation Reform Act of 1995) made by or on
behalf of ALLETE in this Form 8-K, in presentations, in response to questions or
otherwise. Any statements that express, or involve discussions as to,
expectations, beliefs, plans, objectives, assumptions or future events or
performance (often, but not always, through the use of words or phrases such as
"anticipates," "believes," "estimates," "expects," "intends," "plans,"
"projects," "will likely result," "will continue" or similar expressions) are
not statements of historical facts and may be forward-looking.
Forward-looking statements involve estimates, assumptions, risks and
uncertainties and are qualified in their entirety by reference to, and are
accompanied by, the following important factors, which are difficult to predict,
contain uncertainties, are beyond the control of ALLETE and may cause actual
results or outcomes to differ materially from those contained in forward-looking
statements:
- war and acts of terrorism;
- prevailing governmental policies and regulatory actions, including
those of the United States Congress, state legislatures, the
Federal Energy Regulatory Commission, the Minnesota Public
Utilities Commission, the Florida Public Service Commission, the
North Carolina Utilities Commission, the Public Service Commission
of Wisconsin and various county regulators, about allowed rates of
return, financings, industry and rate structure, acquisition and
disposal of assets and facilities, operation and construction of
plant facilities, recovery of purchased power and capital
investments, and present or prospective wholesale and retail
competition (including but not limited to transmission costs) as
well as general vehicle-related laws, including vehicle brokerage
and auction laws;
- unanticipated impacts of restructuring initiatives in the electric
industry;
- economic and geographic factors, including political and economic
risks;
- changes in and compliance with environmental and safety laws and
policies;
- weather conditions;
- population growth rates and demographic patterns;
- the effects of competition, including the competition for retail
and wholesale customers, as well as suppliers and purchasers of
vehicles;
- pricing and transportation of commodities;
- market demand, including structural market changes;
- changes in tax rates or policies or in rates of inflation;
- unanticipated project delays or changes in project costs;
- unanticipated changes in operating expenses and capital
expenditures;
- capital market conditions;
- competition for economic expansion or development opportunities;
- our ability to manage expansion and integrate recent acquisitions;
and
- the outcome of legal and administrative proceedings (whether civil
or criminal) and settlements that affect the business and
profitability of ALLETE.
Any forward-looking statement speaks only as of the date on which that statement
is made, and ALLETE undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date on which that
statement is made or to reflect the occurrence of unanticipated events. New
factors emerge from time to time and it is not possible for management to
predict all of those factors, nor can it assess the impact of each of those
factors on the businesses of ALLETE or the extent to which any factor, or
combination of factors, may cause actual results to differ materially from those
contained in any forward-looking statement.
2 ALLETE Form 8-K dated September 20, 2002
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ALLETE, Inc.
September 20, 2002 James K. Vizanko
-----------------------------------------------------
James K. Vizanko
Vice President, Chief Financial Officer
and Treasurer
ALLETE Form 8-K dated September 20, 2002 3
EXHIBIT INDEX
EXHIBIT
NUMBER
--------------------------------------------------------------------------------
2 - Asset Purchase Agreement by and between Florida Water Services
Corporation and Florida Water Services Authority dated as of
September 19, 2002.
ALLETE Form 8-K dated September 20, 2002