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) - MARCH 10, 2006
ALLETE, INC.
(Exact name of registrant as specified in its charter)
MINNESOTA 1-3548 41-0418150
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation or
organization)
30 WEST SUPERIOR STREET
DULUTH, MINNESOTA 55802-2093
(Address of principal executive offices, including zip code)
(218) 279-5000
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
/ / Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
/ / Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
/ / Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
/ / Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
SECTION 7 - REGULATION FD
ITEM 7.01 REGULATION FD DISCLOSURE
ALLETE, Inc. adjusted its interactive graphic website financial information to
reflect the December 30, 2005, sale of its telecommunications subsidiary,
Enventis Telecom, Inc. to Hickory Tech Corporation, as discontinued operations
in prior periods.
The following shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, except as shall be
expressly set forth by specific reference in such filing.
FOR THE QUARTER ENDED FULL
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MAR. 31 JUN. 30 SEPT. 30 DEC. 31 YEAR
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Millions Except Per Share Amounts
Operating Revenue from Continuing Operations
2005 $193.3 $174.4 $177.4 $192.3 $737.4
2004 $198.0 $170.4 $166.9 $168.8 $704.1
2003 $175.8 $163.4 $162.4 $158.0 $659.6
2002 $146.4 $146.9 $165.3 $157.9 $616.5
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Operating Expenses from Continuing Operations
2005 $152.2 $230.4 $144.7 $165.0 $692.3
2004 $153.8 $151.8 $144.4 $153.2 $603.2
2003 $148.3 $142.3 $132.1 $139.2 $561.9
2002 $124.4 $130.8 $133.3 $147.7 $536.2
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Income (Loss) from Continuing Operations
Before Change in Accounting Principle
2005 $17.4 $(39.8) $15.8 $24.2 $17.6
2004 $21.4 $2.0 $(1.0) $16.1 $38.5
2003 $11.4 $3.1 $10.6 $4.1 $29.2
2002 $8.7 $4.0 $13.1 $(1.2) $24.6
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Income (Loss) from Discontinued Operations
2005 $0.0 $(0.5) $(0.6) $(3.2) $(4.3)
2004 $31.3 $34.7 $14.1 $(6.4) $73.7
2003 $32.9 $41.3 $37.0 $96.0 $207.2
2002 $26.5 $34.8 $32.0 $19.3 $112.6
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Earnings (Loss) Per Share Diluted - Continuing Operations
Before Change in Accounting Principle
2005 $0.64 $(1.46) $0.58 $0.88 $0.64
2004 $0.76 $0.06 $(0.03) $0.56 $1.35
2003 $0.42 $0.11 $0.38 $0.14 $1.05
2002 $0.33 $0.14 $0.48 $(0.04) $0.91
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Earnings (Loss) Per Share Diluted - Discontinued Operations
2005 $0.00 $(0.02) $(0.02) $(0.12) $(0.16)
2004 $1.10 $1.23 $0.48 $(0.22) $2.59
2003 $1.19 $1.50 $1.33 $3.45 $7.47
2002 $0.98 $1.28 $1.17 $0.70 $4.13
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Included a $50.4 million, or $1.84 per share, after-tax charge related to
the assignment of the Kendall County power purchase agreement to
Constellation Energy Commodities Group, Inc. in the second quarter of 2005.
ALLETE Form 8-K dated March 10, 2006 1
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.
March 10, 2006 James K. Vizanko
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James K. Vizanko
Senior Vice President and Chief Financial Officer
2 ALLETE Form 8-K dated March 10, 2006