ALLETE Inc. provided earnings guidance for the full year of 2010. For the year, the company expects to earn between $2.05 and $2.35 per share on net income of $73 to $83 million in 2010. The company expects capital expenditures of approximately $250 million.

ALLETE Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported operating income of $25.4 million, net income of $15.8 million, net income attributable to ALLETE of $16.0 million or $0.49 per share on total operating revenue of $178.8 million against operating income of $33.2 million, net income of $24.9 million, net income attributable to ALLETE of $24.7 million or $0.85 per share on total operating revenue of $201.7 million for the same period a year ago. Book value per share was $25.95 against $25.32 a year ago. For the nine months, the company reported operating income of $72.2 million, net income of $42.0 million, net income attributable to ALLETE of $42.3 million or $1.33 per share on total operating revenue of $543.1 million against operating income of $82.0 million, net income of $59.3 million, net income attributable to ALLETE of $59.0 million or $2.04 per share on total operating revenue of $604.9 million for the same period a year ago. Book value per share was $25.95 against $25.32 a year ago. The company now expects its 2009 earnings will fall within a range of $1.95 to $2.05, excluding rate refunds related to 2008 that were recorded earlier this year.

ALLETE Inc. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on October 30, 2009).