CONSOLIDATED BALANCE SHEET Unaudited - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Current Assets
Cash and Cash Equivalents	$ 55.4	$ 32.8
Accounts Receivable (Less Allowance of $1.9 and $1.7)	129.7	148.1
Inventories – Net	178.2	154.6
Prepayments and Other	89.6	99.7
Total Current Assets	452.9	435.2
Property, Plant and Equipment – Net	5,324.0	5,181.5
Regulatory Assets	363.0	371.7
Equity Investments	350.5	340.1
Goodwill and Intangible Assets – Net	155.3	155.3
Other Non-Current Assets	267.5	270.5
Total Assets	6,913.2	6,754.3
Current Liabilities
Accounts Payable	124.0	113.6
Accrued Taxes	43.3	54.6
Accrued Interest	25.3	23.4
Long-Term Debt Due Within One Year	63.6	94.7
Other	81.7	117.9
Total Current Liabilities	337.9	404.2
Long-Term Debt	1,931.8	1,704.7
Deferred Income Taxes	278.9	253.4
Regulatory Liabilities	586.7	570.5
Defined Benefit Pension and Other Postretirement Benefit Plans	99.4	118.2
Other Non-Current Liabilities	311.4	312.8
Total Liabilities	3,546.1	3,363.8
Commitments, Guarantees and Contingencies (Note 6)
Redeemable Non-Controlling Interest	0.8	0.4
ALLETE Equity
Common Stock Without Par Value, 80.0 Shares Authorized, 58.0 and 57.9 Shares Issued and Outstanding	1,833.7	1,823.2
Accumulated Other Comprehensive Loss	(18.1)	(18.1)
Retained Earnings	1,046.3	1,042.9
Total ALLETE Equity	2,861.9	2,848.0
Non-Controlling Interest in Subsidiaries	504.4	542.1
Total Equity	3,366.3	3,390.1
Total Liabilities, Redeemable Non-Controlling Interest and Equity	$ 6,913.2	$ 6,754.3