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ALLETE registers $200.5M worth of shares

ALLETE Inc.filed May 3 an automatic shelf registration for the potential sale of approximately$200.5 million worth of securities.

The filing covers the sale of 3,641,133 common shares throughthe company's direct stock purchase and dividend reinvestment plan.The plan is being administrated by ALLETE Shareholder Services.

ALLETE said it will not receive any proceeds from the sale ofthe shares through the plan unless the shares are purchased directly from the company.If shares are purchased directly, it plans to use the net proceeds for general corporatepurposes.