Business Segments (Tables)

9 Months Ended

Sep. 30, 2015



	Quarter Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015			2014
Millions
Operating Revenue
Regulated Operations	$250.2		$255.8		$743.0			$749.6

Energy Infrastructure and Related Services
ALLETE Clean Energy	151.1		6.8		197.5			22.6
U.S. Water Services	36.1		—		86.0			—

Corporate and Other	25.1		26.3		79.3			73.9
Total Operating Revenue		$462.5		$288.9		$1,105.8			$846.1
Net Income (Loss) Attributable to ALLETE
Regulated Operations (a)		$43.8		$40.9		$108.1			$91.6

Energy Infrastructure and Related Services
ALLETE Clean Energy	13.2		0.5		18.7			1.2
U.S. Water Services	1.0		—		1.5			—

Corporate and Other (a)	2.4		0.2		(5.5		)	(0.9		)
Total Net Income Attributable to ALLETE		$60.4		$41.6		$122.8			$91.9

(a)

During the third quarter of 2015, the Company entered into an intercompany loan agreement, and allocated long-term debt to ALLETE Transmission Holdings, which owns approximately 8 percent of ATC, to better reflect the capital requirements of ALLETE Transmission Holdings and our investment in ATC. ALLETE Transmission Holdings recognized interest expense of approximately $0.3 million after-tax in the third quarter of 2015 which is reflected in our Regulated Operations segment. Our Corporate and Other segment recognized interest income of the same amount. The amounts are eliminated in consolidation. Prior period segment results have been revised to conform to the current presentation as if the intercompany loan existed as of January 1, 2014.



As of September 30,	2015		2014
Millions
Assets
Regulated Operations	$3,836.3		$3,519.9

Energy Infrastructure and Related Services
ALLETE Clean Energy	565.7		184.4
U.S. Water Services	257.8		—

Corporate and Other	272.0		363.6
Total Assets		$4,931.8		$4,067.9