ALLETE, Inc.: 15.66 ¢/kWh for homes, 120 minutes of SAIDI

ALLETE, Inc. is an investor owned utility serving 152,342 customer accounts in Minnesota; 125,896 of them are residential. Major event days make 0% of its yearly outage minutes (120 with them, 120 without).

At 651 kWh a month a ALLETE, Inc. home pays about $102 in energy: 15.66 ¢/kWh, 1.4% above the Minnesota average of 15.45 ¢.

Major event days make 0% of its yearly outage minutes (120 with them, 120 without).

ALLETE, Inc.: major event days

Share of SAIDI from major events: 0%120 minutes with events, 120 without

Major events weigh on ALLETE, Inc.: 120 minutes with them, 120 without, so 0% of the total comes from event days, 1.00 times the everyday figure.

SAIFI adds the frequency view: 1.30 interruptions a customer a year, 1.28 times the national median (1.01), with 92 minutes per interruption.

How it compares

ALLETE, Inc.
ALLETE, Inc., 2024	Home	Business	Bill	SAIDI
ALLETE, Inc.	15.66 ¢/kWh	14.49 ¢/kWh	$102at 651 kWh	120 minSAIDI
Minnesota average against this company, which is 11 of 16 on priceLowest in this table	-0.21 ¢/kWhcompany 1.4% above	-2.34 ¢/kWhcompany 19.2% above	-$1a month at 651 kWh	-58 mincompany 58 above
People's Cooperative Services	16.70 ¢/kWhcompany 6.2% below	13.94 ¢/kWhcompany 4.0% above	$1097 more than company	57 mincompany 63 above

Compare 44 Minnesota companies

ALLETE, Inc.: 2025

ALLETE, Inc.: +1.3% on 2024 for homes, Minnesota +2.4%.

ALLETE, Inc. home price, 2025: 15.86 ¢/kWh+1.3% on 2024, early release
ALLETE, Inc. SAIDI, 2025: 102 min-15% on 2024, early release
ALLETE, Inc. against Minnesota, 2025: -1.1 pointsALLETE, Inc. +1.3%, Minnesota +2.4%, price in Minnesota 15.82 ¢

ALLETE, Inc.: 15.86 ¢/kWh in the 2025 early release, +1.3% from 15.66 ¢; Minnesota as a whole went +2.4%, so ALLETE, Inc. trailed it by 1.1 points. Its SAIDI is 102 minutes against 120 in 2024.

Carbon context

ALLETE, Inc. serves 125,896 homes in Minnesota. At 651 kWh a month that is about 221 kg of CO₂, or 2,650 kg a year, at the Minnesota plant rate, state generation and not this utility: Minnesota generation mix.

ALLETE, Inc. charts

Residential price since 2015: 15.66 ¢ in 2024

8.86 ¢ in 2015, 15.66 ¢ in 2024 (+76.9%); Minnesota 12.12 to 15.45 ¢.

ALLETE, Inc. residential price 2015-2024, 2015 to 2024: 10 rows

Year	ALLETE, Inc.	Gap to Minnesota residential	Gap to U.S. residential
2015	8.86	-3.26	-3.79
2016	10.20	-2.47	-2.35
2017	10.57	-2.47	-2.32
2018	10.88	-2.26	-1.99
2019	11.08	-1.96	-1.93
2020	11.18	-1.99	-1.97
2021	12.73	-0.77	-0.93
2022	13.83	-0.42	-1.21
2023	14.04	-0.69	-1.96
2024	15.66	+0.21	-0.82

10 rows from EIA retail sales.

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ALLETE, Inc. SAIDI, 2015-2024

102 min in 2015, 120 in 2024.

ALLETE, Inc. SAIDI by year, 2015 to 2024: 10 rows

Year	ALLETE, Inc., no major events
2015	102
2016	123
2017	108
2018	134
2019	144
2020	123
2021	126
2022	113
2023	104
2024	120

10 rows from EIA-861 survey.

CSV

Reliability: SAIDI 119.9 min

119.9 min, 1.21x the median reporter, rank 397 of 673.

min

Company, no major events119.9
Company, with major events119.9

ALLETE, Inc., Reliability: EIA-861 survey.

CSV

Analyst note

From 8.86 ¢ in 2015 to 15.66 ¢ in 2024, a move of +76.9%: ALLETE, Inc. outpaced its state (+27.5%) by 49.4 points, and +46.6 points against the U.S. ALLETE, Inc.'s sharpest move came in 2016, +15.2%. The latest year is the high at 15.66 ¢; the low was 8.86 ¢ (2015). 2024: +11.6% here, +4.9% for the Minnesota average. SAIDI at ALLETE, Inc. (major events excluded) rose from 102 minutes in 2015 to 120 in 2024, +18%; worst year 2019 at 144. Against the national median, ALLETE, Inc. came in lower on SAIDI in 0 of 10 years, and 2024 ended at 120 minutes, +20 from the median. 2016: 1435 minutes with major events, 123 without, the widest gap of any year. ALLETE, Inc. has 10 cheaper and 5 higher-priced Minnesota peers among 16 with 20,000+ homes. Next cheaper, Wright-Hennepin Coop Elec Assn, bills 14.59 ¢ (-1.07). Next higher-priced, People's Cooperative Services, bills 16.70 ¢ (+1.03).

Nothing stands out: the rate is +1.4% from the Minnesota figure and 120 outage minutes are 1.21x the national median.

Home accounts at ALLETE, Inc. went from 121,515 in 2015 to 125,896 in 2024, +3.6%. Business customers paid 0.92 times the home price in 2024 (14.49 against 15.66 ¢); the ratio was 0.89 in 2015. SAIFI went from 1.17 in 2015 to 1.30 in 2024, between 1.04 and 1.39.

Outages and home price of ALLETE, Inc. (EIA utility 12647), 2013 to 2024

ALLETE, Inc. outage time held near 120 to 120 minutes a customer from 2013 to 2024 (−0%). The low came in 2014 at 88, the high in 2019 at 144; 12 years were filed. The Minnesota median in 2024 was 57 minutes, so ALLETE, Inc. ran above it.

Home rates at ALLETE, Inc. climbed from 9.25 ¢ in 2013 to 15.66 ¢ in 2024 (+69.3%), or 12.78 ¢ to 16.07 ¢ in 2025 dollars (+25.8%). Over 12,000 kWh a year the real price meant $1,534 in 2013 and $1,929 in 2024. Of 45 Minnesota utilities with 1,000+ home accounts in 2024, ALLETE, Inc. stood 34th cheapest (15th of 99 in 2013).

ALLETE, Inc. outage minutes a customer, 2013 to 2024: 120 in 2024

ALLETE, Inc. at 120 min in 2024 and the Minnesota median at 57.

ALLETE, Inc. home price since 2013: +25.8% after inflation

ALLETE, Inc.: 16.07 ¢ in 2025 dollars (solid) and 15.66 ¢ as billed (dashed) in 2024.

ALLETE, Inc., EIA utility 12647, year by year among Minnesota utilities

ALLETE, Inc. 2013-2024: 12 rows

Year, ALLETE, Inc.	¢ billed	¢ in 2025 $	Price place, ALLETE, Inc.	SAIDI min	SAIFI	SAIDI place, ALLETE, Inc.	Minnesota median SAIDI
2013	9.25	12.78	15 of 99	120	1.14	27 of 35	66
2014	9.21	12.53	12 of 99	88	0.96	23 of 39	74
2015	8.86	12.03	5 of 100	102	1.17	28 of 41	67
2016	10.20	13.69	16 of 98	123	1.29	32 of 45	89
2017	10.57	13.88	20 of 99	108	1.04	36 of 43	68
2018	10.88	13.95	23 of 99	134	1.39	40 of 49	80
2019	11.08	13.95	32 of 114	144	1.35	44 of 48	79
2020	11.18	13.91	9 of 43	123	1.22	24 of 31	62
2021	12.73	15.13	18 of 43	126	1.34	29 of 33	66
2022	13.83	15.21	28 of 43	113	1.12	23 of 33	67
2023	14.04	14.83	24 of 43	104	1.16	29 of 34	59
2024	15.66	16.07	34 of 45	120	1.30	32 of 36	57

ALLETE, Inc., EIA utility 12647: EIA-861, CPI-U.

CSV

SAIDI explained, Minnesota real prices.

Facts

Customer accounts: 152,3425.3% of Minnesota total
Residential accounts: 125,8964.9% of Minnesota homes
Commercial accounts: 26,02717.1% of the base
Residential rate: 15.66 ¢/kWhplace 11 of 16, +1.4% against the state
Commercial rate: 14.49 ¢/kWhplace 32 of 34, +19.2% against the state
SAIDI, no major events: 119.9 minbetter than 41% of reporters
SAIFI, no major events: 1.301.28x the median
SAIDI with major events: 119.9 min0.0% from event days
Net-metered capacity: 19.8 MW1,318 installations
Counties served: 17all in Minnesota
Average residential use: 7,813 kWh/yr651 a month
Implied monthly bill: $102-$5 on the U.S. rate, 651 kWh
Residential rate since 2015: +76.9%8.86 to 15.66 ¢/kWh
SAIDI trend: +18%102 min in 2015, 120 in 2024

Data tables

2024 by sector, ALLETE, Inc.

ALLETE, Inc. sector	Accounts	Rate ¢/kWh	Gap to Minnesota ¢/kWh
Residential	125,896	15.66	+0.21
Commercial	26,027	14.49	+2.34

Year by year, ALLETE, Inc.

Year	Home accounts, ALLETE, Inc.	Home ¢	Business ¢	Ratio	SAIDI	SAIFI
2015	121,515	8.86	7.86	0.89	102	1.17
2016	121,836	10.20	9.09	0.89	123	1.29
2017	122,295	10.57	9.63	0.91	108	1.04
2018	122,557	10.88	9.99	0.92	134	1.39
2019	122,926	11.08	10.17	0.92	144	1.35
2020	123,617	11.18	10.32	0.92	123	1.22
2021	124,691	12.73	11.93	0.94	126	1.34
2022	125,243	13.83	13.63	0.99	113	1.12
2023	125,573	14.04	13.67	0.97	104	1.16
2024	125,896	15.66	14.49	0.92	120	1.30

Peers of ALLETE, Inc. in Minnesota, place 11 of 16 on home price

Utility near ALLETE, Inc. on price	SAIDI min, gap to ALLETE, Inc.	Home ¢, gap to ALLETE, Inc.	Gap % to ALLETE, Inc.	Accounts, ALLETE, Inc. = 1
8. Adjustment 2024	No data	-1.57	-10.0%	1.91
9. Beltrami Electric Coop, Inc	-24	-1.27	-8.1%	0.15
10. Wright-Hennepin Coop Elec Assn	-96	-1.07	-6.9%	0.37
11. ALLETE, Inc. (this utility)	120	15.66	-	1.00
12. People's Cooperative Services	-63	+1.03	+6.6%	0.16
13. East Central Energy	-36	+1.22	+7.8%	0.41
14. Northern States Power Co - Minnesota	-10	+1.32	+8.4%	9.03

Who buys ALLETE, Inc.'s electricity

Class at ALLETE, Inc.	Accounts	Of ALLETE, Inc. accounts	Of ALLETE, Inc. MWh sold	kWh a year per ALLETE, Inc. account
Residential	125,896	82.6%	11.7%	7,813
Commercial	26,027	17.1%	14.4%	46,271
Industrial and other	419	0.28%	73.9%	14,804,990

ALLETE, Inc. among Minnesota investor owneds

ALLETE, Inc. and its neighbours on price	SAIDI min, gap to ALLETE, Inc.	Home ¢, gap to ALLETE, Inc.	Accounts, ALLETE, Inc. = 1
1. Otter Tail Power Co (MN)	+22	-4.33	0.42
2. ALLETE, Inc. (MN, this utility)	120	15.66	1.00

ALLETE, Inc.: meters, rate options and solar

Measure	ALLETE, Inc.	Minnesota context	ALLETE, Inc. detail
ALLETE, Inc. home meters on AMI	100.0%	Minnesota 87.5%	125,840 of 125,896 meters
Home meters, AMR (drive-by read)	56	Minnesota figure not published	0.0% of meters
Homes with daily digital access	125,896	Minnesota figure not published	100% of the 125,896 home accounts
Time-of-use rate for ALLETE, Inc. homes	Offered	21 of 37 Minnesota utilities offer one	15,596 homes on dynamic pricing, 12.39% of 125,896
Net-metered installations	1,318	85% residential	8.9 homes per 1,000 accounts, 15.0 kW average

Monthly energy cost by use, ALLETE, Inc.

kWh	Share of a 651 kWh month	Cost a month at 15.66 ¢	vs U.S.	Cost a year
250	38%	$39.16	-$2.04	$470
500	77%	$78.32	-$4.08	$940
750	115%	$117.48	-$6.12	$1,410
1,000	154%	$156.63	-$8.17	$1,880
1,500	230%	$234.95	-$12.25	$2,819
2,000	307%	$313.27	-$16.33	$3,759

Outage record, ALLETE, Inc.

Measure, ALLETE, Inc.	No events	All events	Converted
SAIDI minutes	119.9	119.9	2.00 h
SAIFI interruptions	1.300	1.300	0.77 yr apart
CAIDI minutes	92.2	92.2	1.54 h

Territory of ALLETE, Inc.

17 Minnesota counties, region MRO:

Minnesota other states: 17 of 17 counties of ALLETE, Inc. drawn

ALLETE, Inc.: 17 counties listed by EIA-861, Census 2023 outlines.

CSV

County list

Aitkin
Benton
Carlton
Cass
Cook
Crow Wing
Hubbard
Itasca
Koochiching
Lake
Morrison
Otter Tail
Pine
St Louis
Stearns
Todd
Wadena

Questions on ALLETE, Inc.

How many customers does ALLETE, Inc. serve in Minnesota?

152,342 accounts in 2024: residential 125,896, commercial 26,027, industrial 419.

What is the average residential rate of ALLETE, Inc.?

In 2024 homes paid 15.66 cents; against the Minnesota average that is +1.4%.

How reliable is ALLETE, Inc. by SAIDI and SAIFI?

SAIDI 119.9 min and SAIFI 1.30 a year, major events excluded; ratio to the national median 1.21, CAIDI 92 min.

How much solar net metering is on the ALLETE, Inc. grid?

1,318 installations with 19.8 MW, of which residential installations number 1,116.

What is the monthly bill at ALLETE, Inc. for average use?

651 kWh at 15.66 cents comes to about $102, energy only.

How does ALLETE, Inc. rank on price within Minnesota?

Rank 11 of 16 in Minnesota on price, +1.4% against the state average; 10 charge less than 15.66 ¢.

How much of the ALLETE, Inc. load is business?

Homes take 11.7% of 8,391,265 MWh, commercial accounts 14.4%, industrial and other 73.9%; the 26,027 commercial accounts use 46,271 kWh each, 5.9 times a home.

Does ALLETE, Inc. have smart meters or TOU rates?

125,840 of 125,896 home meters are AMI, 100.0%. ALLETE, Inc. offers a home time-of-use rate; 15,596 customers use dynamic pricing, 12.39% of its homes.

Since 2015, has ALLETE, Inc. become cheaper than other Minnesota utilities?

1st cheapest of 14 in 2015, 11th of 16 in 2024; its price rose 76.9% while Minnesota rose 27.5%.

Did ALLETE, Inc. cut or raise its 2025 home price?

15.86 cents per kWh, +1.3% on the 15.66 of 2024 (EIA early release for 2025).

Utilities with a similar home price

Home prices nearest to ALLETE, Inc. at 15.66 ¢/kWh in 2024, among companies with a page here, any state.

Tucson Electric Power CoArizona, 15.63 ¢/kWh, 0.03 ¢ below
Piedmont Electric Member CorpNorth Carolina, 15.60 ¢/kWh, 0.06 ¢ below
City of IndependenceMissouri, 15.74 ¢/kWh, 0.08 ¢ above
Public Service Co of NMNew Mexico, 15.57 ¢/kWh, 0.09 ¢ below

Rate plans on file

8 home plan records, energy charges: 0.9 to 12.1 ¢/kWh.

Time-of-use: 2, e.g. Residential Electric Vehicle Service
Demand charge: 1, e.g. RIDER FOR STANDBY SERVICE (Residential Secondary Distribution)

Who offers time-of-use and tiered rates (17 Apr 2026 snapshot).

Primary sources for ALLETE, Inc.: 15.66 ¢/kWh for homes, 120 minutes of SAIDI

EIA-861 annual report entry for ALLETE, Inc.: 15.66 ¢/kWh for homes, 120 minutes of SAIDI, customers and sales
EIA-861 form instructions for ALLETE, Inc.: 15.66 ¢/kWh for homes, 120 minutes of SAIDI, how a customer is counted
EIA state profiles for ALLETE, Inc.: 15.66 ¢/kWh for homes, 120 minutes of SAIDI, the state price average