Other competitors in the utilities sector include: Integrys Energy Group (TEG), ALLETE Inc (ALE), and Alliant Energy (LNT).
FORBES: Earnings Preview: Xcel Energy
Allete Inc. shares are currently trading up about 1.8% on the day.
FORBES: Allete (ALE) Shares Cross Above 200 DMA
Gartzke left his job as Allete's chief executive and moved to Adesa.
FORBES: Magazine Article
Allete, a Minnesota electric utility, until last year owned Adesa, when it sold off some shares to the public and distributed the rest to Allete shareholders.
And, Minnesota Power, a division of Allete, said this year that it would shut down two coal plants in the northern part of the state within two years.
FORBES: Coal To Gas Moves Are Generating Economic Waves
Adesa was then providing 60% of Allete's profits.
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