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CONSOLIDATED STATEMENT OF EQUITY Unaudited - USD ($)
$ in Millions
Total
Common Stock
Accumulated Other Comprehensive Loss
Retained Earnings
Non-Controlling Interest in Subsidiaries
Balance, Beginning of Period at Dec. 31, 2022   $ 1,781.5 $ (24.4) $ 934.8 $ 656.4
Consolidated Statement of Equity [Roll Forward]          
Common Stock Issued   15.7      
Unrealized Gain on Debt Securities $ 0.1   0.1    
Defined Benefit Pension and Other Postretirement Plans (0.2)   (0.2)    
Net Income Attributable to ALLETE 195.6     195.6  
Common Stock Dividends       (116.5)  
Proceeds from Non-Controlling Interest in Subsidiaries – Net         9.9
Net Loss Attributable to Non-Controlling Interest 47.7       (47.7)
Distributions to Non-Controlling Interest         (8.5)
Balance, End of Period at Sep. 30, 2023 3,396.7 1,797.2 (24.5) 1,013.9 610.1
Balance, Beginning of Period at Dec. 31, 2022 0.0        
Redeemable Non-Controlling Interest          
Proceeds from Non-Controlling Interest in Subsidiaries 0.0        
Net Loss Attributable to Non-Controlling Interest 0.0        
Total Redeemable Non-Controlling Interest at Sep. 30, 2023 $ 0.0        
Redeemable Non-Controlling Interest          
Dividends Per Share of Common Stock (in usd per share) $ 2.0325        
Balance, Beginning of Period at Jun. 30, 2023   1,791.6 (24.4) 966.9 634.4
Consolidated Statement of Equity [Roll Forward]          
Common Stock Issued   5.6      
Unrealized Gain on Debt Securities $ 0.0   0.0    
Defined Benefit Pension and Other Postretirement Plans (0.1)   (0.1)    
Net Income Attributable to ALLETE 85.9     85.9  
Common Stock Dividends       (38.9)  
Proceeds from Non-Controlling Interest in Subsidiaries – Net         0.0
Net Loss Attributable to Non-Controlling Interest 16.3       (16.3)
Distributions to Non-Controlling Interest         (8.0)
Balance, End of Period at Sep. 30, 2023 3,396.7 1,797.2 (24.5) 1,013.9 610.1
Balance, Beginning of Period at Jun. 30, 2023 0.0        
Redeemable Non-Controlling Interest          
Proceeds from Non-Controlling Interest in Subsidiaries 0.0        
Net Loss Attributable to Non-Controlling Interest 0.0        
Total Redeemable Non-Controlling Interest at Sep. 30, 2023 $ 0.0        
Redeemable Non-Controlling Interest          
Dividends Per Share of Common Stock (in usd per share) $ 0.6775        
Balance, Beginning of Period at Dec. 31, 2023 $ 3,406.6 1,803.7 (20.5) 1,026.4 597.0
Consolidated Statement of Equity [Roll Forward]          
Common Stock Issued   15.4      
Unrealized Gain on Debt Securities 0.1   0.1    
Defined Benefit Pension and Other Postretirement Plans (0.6)   (0.6)    
Net Income Attributable to ALLETE 128.7     128.7  
Common Stock Dividends       (122.0)  
Proceeds from Non-Controlling Interest in Subsidiaries – Net         1.4
Net Loss Attributable to Non-Controlling Interest 39.3       (36.8)
Distributions to Non-Controlling Interest         (0.9)
Balance, End of Period at Sep. 30, 2024 3,391.9 1,819.1 (21.0) 1,033.1 560.7
Balance, Beginning of Period at Dec. 31, 2023 0.5        
Redeemable Non-Controlling Interest          
Proceeds from Non-Controlling Interest in Subsidiaries 2.7        
Net Loss Attributable to Non-Controlling Interest (2.5)        
Total Redeemable Non-Controlling Interest at Sep. 30, 2024 $ 0.7        
Redeemable Non-Controlling Interest          
Dividends Per Share of Common Stock (in usd per share) $ 2.115        
Balance, Beginning of Period at Jun. 30, 2024   1,813.8 (20.9) 1,028.8 573.0
Consolidated Statement of Equity [Roll Forward]          
Common Stock Issued   5.3      
Unrealized Gain on Debt Securities $ 0.1   0.1    
Defined Benefit Pension and Other Postretirement Plans (0.2)   (0.2)    
Net Income Attributable to ALLETE 45.0     45.0  
Common Stock Dividends       (40.7)  
Proceeds from Non-Controlling Interest in Subsidiaries – Net         0.0
Net Loss Attributable to Non-Controlling Interest 12.3       (12.1)
Distributions to Non-Controlling Interest         (0.2)
Balance, End of Period at Sep. 30, 2024 3,391.9 $ 1,819.1 $ (21.0) $ 1,033.1 $ 560.7
Balance, Beginning of Period at Jun. 30, 2024 0.9        
Redeemable Non-Controlling Interest          
Proceeds from Non-Controlling Interest in Subsidiaries 0.0        
Net Loss Attributable to Non-Controlling Interest (0.2)        
Total Redeemable Non-Controlling Interest at Sep. 30, 2024 $ 0.7        
Redeemable Non-Controlling Interest          
Dividends Per Share of Common Stock (in usd per share) $ 0.705