SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
Amendment 3
Under the Securities and Exchange Act of 1934
Allete, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
018522300
(CUSIP Number)
December 31, 2007
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
This Schedule is filed pursuant to Rule 13d-1(b)
The information required in the remainder of this cover page (except any items
to which the form provides a cross-reference) shall not be deemed to be "filed"
for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act.
CUSIP NO. 018522300
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1) Name of Reporting Person Ameriprise Financial, Inc.
S.S. or I.R.S. Identification
No. of Above Person IRS No. 13-3180631
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2) Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [X]*
* This filing describes the reporting person's relationship with other
persons, but the reporting person does not affirm the existence of a group.
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3) SEC Use Only
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4) Citizenship or Place of Organization
Delaware
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(5) Sole Voting Power
-0-
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NUMBER OF (6) Shared Voting Power
SHARES
BENEFICIALLY 44,138
OWNED BY -----------------------------------------------------------------
EACH (7) Sole Dispositive Power
REPORTING
PERSON -0-
WITH -----------------------------------------------------------------
(8) Shared Dispositive Power
136,452
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
136,452
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable
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11) Percent of Class Represented by Amount In Row (9)
0.44%
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12) Type of Reporting Person
CO
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1(a) Name of Issuer: Allete, Inc.
1(b) Address of Issuer's Principal 30 West Superior Street
Executive Offices: Duluth, MN 55802-2093
2(a) Name of Person Filing: Ameriprise Financial, Inc.
2(b) Address of Principal Business Office: Ameriprise Financial, Inc.
145 Ameriprise Financial Center
Minneapolis, MN 55474
2(c) Citizenship: Delaware
2(d) Title of Class of Securities: Common Stock
2(e) Cusip Number: 018522300
3 Information if statement is filed pursuant to Rules 13d-1(b) or 13d-2(b):
This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) and the
person filing, Ameriprise Financial, Inc. is a parent holding company in
accordance with Rule 13d-1(b)(1)(ii)(G). (Note: See Item 7)
4(a) Amount Beneficially Owned as of December 31, 2007: 136,452 shares may be
deemed beneficially owned by the reporting person within the meaning of
Rule 13d-3 of the Securities Exchange Act of 1934. The reporting person,
and each of its subsidiaries identified on the attached Exhibit I disclaims
beneficial ownership of any shares reported on this Schedule.
4(b) Percent of Class: 0.44%
4(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or direct the vote: 44,138*
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 136,452**
* Certain shares of the issuer's Common Stock are held in trust for the
benefit of employees participating in one or more employee benefit plans
subject to the Employee Retirement Income Security Act of 1974, as amended
("ERISA"), with respect to which Ameriprise Trust Company, a wholly owned
subsidiary of Ameriprise Financial, Inc., serves as trustee. As a plan
trustee, Ameriprise Trust Company votes shares allocated to participant
accounts as directed by plan participants, subject to Section 404 of ERISA.
All shares allocated to participants for whom no voting instructions are
received, are voted in the same proportion as the trustee votes shares for
which it did receive voting instructions.
** Certain shares of the issuer's Common Stock are held in trust for the
benefit of employees participating in one or more employee benefit plans
with respect to which Ameriprise Trust Company, a wholly owned subsidiary
of Ameriprise Financial, Inc., serves as trustee. Shares of Common Stock
held by the trustee on behalf of the plans may be disposed of by the plans
or the trustee only in accordance with the terms of the plan.
5 Ownership of 5% or Less of a Class: If this statement is being filed to
report the fact as of the date hereof the reporting person has ceased to be
the beneficial owner of more than five percent of the class of securities,
check the following (X).
6 Ownership of more than 5% on Behalf of Another Person:
Various persons have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the Common
Stock of Allete, Inc. The interest of one person, Ameriprise Trust Company,
amounted to 0 shares or 0% of the total outstanding Common Stock of the
issuer at December 31, 2007. Ameriprise Trust Company may be deemed to be
the beneficial owner of such shares by virtue of serving as directed
trustee for certain employee benefit plans.
7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company:
See Exhibit I
8 Identification and Classification of Members of the Group:
Not Applicable
9 Notice of Dissolution of Group:
Not Applicable
10 Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not have
the effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in
any transaction having such purposes or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Ameriprise Financial, Inc.
Dated: December 31, 2007
By /s/ Wade M Voigt
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Wade M Voigt
Director - Fund Administration
Name/Title
Telephone: (612) 671-5682
Exhibit Index
Exhibit I Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on by the Parent Holding Company.
Exhibit I
To
Schedule 13G
Ameriprise Financial, Inc., a Delaware Corporation, is a parent holding company.
The classification and identity of the relevant subsidiaries is as follows:
Bank - Ameriprise Trust Company, a trust company organized under the laws of the
State of Minnesota
Investment Company - RiverSource Funds, comprised of investment companies
registered under section 8 of the Investment Company Act of 1940
Investment Adviser - RiverSource Investments, LLC, an investment adviser
registered under section 203 of the Investment Advisers Act of 1940.