Investment in ATC

3 Months Ended

Mar. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENT IN ATC

Our wholly-owned subsidiary, ALLETE Transmission Holdings, owns approximately 8 percent of ATC, a Wisconsin-based utility that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota and Illinois. We account for our investment in ATC under the equity method of accounting. As of March 31, 2016, our equity investment in ATC was $128.6 million ($124.5 million at December 31, 2015). In the first three months of 2016, we invested $1.2 million in ATC, and on April 29, 2016, we invested an additional $0.4 million. We expect to make additional investments of approximately $4.6 million in 2016.



ALLETE’s Investment in ATC
Millions
Equity Investment Balance as of December 31, 2015		$124.5
Cash Investments	1.2
Equity in ATC Earnings	4.8
Distributed ATC Earnings	(1.9		)
Equity Investment Balance as of March 31, 2016		$128.6