Business Segments

6 Months Ended

Jun. 30, 2012

Business Segments [Abstract]

Business Segments [Text Block]

BUSINESS SEGMENTS

Regulated Operations includes our regulated utilities, Minnesota Power and SWL&P, as well as our investment in ATC, a Wisconsin-based utility that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota and Illinois. Investments and Other is comprised primarily of BNI Coal, our coal mining operations in North Dakota, ALLETE Properties, our Florida real estate investment, and ALLETE Clean Energy, aimed at developing or acquiring capital projects that create energy solutions via wind, solar, biomass, hydro, natural gas/liquids, shale resources, clean coal and other clean energy innovations. The Investments and Other segment also includes a small amount of non-rate base generation, approximately 5,500 acres of land available-for-sale in Minnesota, and earnings on cash and investments.

	Consolidated			Regulated Operations			Investments and Other
Millions
For the Quarter Ended June 30, 2012
Operating Revenue		$216.4			$197.0			$19.4
Fuel and Purchased Power Expense	72.1			72.1			—
Operating and Maintenance Expense	96.2			76.1			20.1
Depreciation Expense	24.8			23.4			1.4
Operating Income (Loss)	23.3			25.4			(2.1		)
Interest Expense	(10.1		)	(9.9		)	(0.2		)
Equity Earnings in ATC	4.8			4.8			—
Other Income	1.2			1.2			—
Income (Loss) Before Non-Controlling Interest and Income Taxes	19.2			21.5			(2.3		)
Income Tax Expense (Benefit)	4.8			7.1			(2.3		)
Net Income	14.4			14.4			—
Less: Non-Controlling Interest in Subsidiaries	—			—			—
Net Income Attributable to ALLETE		$14.4			$14.4		—

	Consolidated			Regulated Operations			Investments and Other
Millions
For the Quarter Ended June 30, 2011
Operating Revenue		$219.9			$201.8			$18.1
Fuel and Purchased Power Expense	76.0			76.0			—
Operating and Maintenance Expense	95.7			77.2			18.5
Depreciation Expense	22.1			20.9			1.2
Operating Income (Loss)	26.1			27.7			(1.6		)
Interest Expense	(11.0		)	(9.1		)	(1.9		)
Equity Earnings in ATC	4.6			4.6			—
Other Income	1.0			0.6			0.4
Income (Loss) Before Non-Controlling Interest and Income Taxes	20.7			23.8			(3.1		)
Income Tax Expense (Benefit)	3.8			5.5			(1.7		)
Net Income (Loss)	16.9			18.3			(1.4		)
Less: Non-Controlling Interest in Subsidiaries	(0.1		)	—			(0.1		)
Net Income (Loss) Attributable to ALLETE		$17.0			$18.3		$(1.3)

	Consolidated			Regulated Operations			Investments and Other
Millions
For the Six Months Ended June 30, 2012
Operating Revenue		$456.4			$415.6			$40.8
Fuel and Purchased Power Expense	149.2			149.2			—
Operating and Maintenance Expense	196.1			154.2			41.9
Depreciation Expense	49.4			46.6			2.8
Operating Income (Loss)	61.7			65.6			(3.9		)
Interest Expense	(21.1		)	(19.5		)	(1.6		)
Equity Earnings in ATC	9.4			9.4			—
Other Income (Expense)	1.9			2.0			(0.1		)
Income (Loss) Before Non-Controlling Interest and Income Taxes	51.9			57.5			(5.6		)
Income Tax Expense (Benefit)	13.1			18.7			(5.6		)
Net Income	38.8			38.8			—
Less: Non-Controlling Interest in Subsidiaries	—			—			—
Net Income Attributable to ALLETE		$38.8			$38.8		—
As of June 30, 2012
Total Assets		$2,962.2			$2,755.4			$206.8
Property, Plant and Equipment – Net		$2,177.5			$2,119.9			$57.6
Accumulated Depreciation		$1,124.5			$1,070.1			$54.4
Capital Additions		$235.1			$232.3			$2.8

	Consolidated			Regulated Operations			Investments and Other
Millions
For the Six Months Ended June 30, 2011
Operating Revenue		$462.1			$424.8			$37.3
Fuel and Purchased Power Expense	155.0			155.0			—
Operating and Maintenance Expense	185.8			148.4			37.4
Depreciation Expense	44.4			42.1			2.3
Operating Income (Loss)	76.9			79.3			(2.4		)
Interest Expense	(21.7		)	(17.7		)	(4.0		)
Equity Earnings in ATC	9.0			9.0			—
Other Income	1.8			1.2			0.6
Income (Loss) Before Non-Controlling Interest and Income Taxes	66.0			71.8			(5.8		)
Income Tax Expense (Benefit)	12.0			15.1			(3.1		)
Net Income (Loss)	54.0			56.7			(2.7		)
Less: Non-Controlling Interest in Subsidiaries	(0.2		)	—			(0.2		)
Net Income (Loss) Attributable to ALLETE		$54.2			$56.7		$(2.5)
As of June 30, 2011
Total Assets		$2,645.5			$2,381.6			$263.9
Property, Plant and Equipment – Net		$1,861.1			$1,808.9			$52.2
Accumulated Depreciation		$1,062.6			$1,011.3			$51.3
Capital Additions		$79.7			$69.3			$10.4