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| ALE > SEC Filings for ALE > Form 8-K on 13-May-2009 | All Recent SEC Filings |
13-May-2009
Change in Directors or Principal Officers
On May 12, 2009, ALLETE, Inc. (ALLETE or the Company) announced that Alan R. Hodnik will be the Company's President. See the attached press release for further details regarding this announcement.
Exhibit Number
99 - ALLETE News Release dated May 12, 2009, announcing Alan R. Hodnik as President of ALLETE.
Readers are cautioned that forward-looking statements should be read in conjunction with ALLETE's disclosures under the heading: "SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995" located on page 2 of this Form 8-K.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Statements in this report that are not statements of historical facts may be considered "forward-looking" and, accordingly, involve risks and uncertainties that could cause actual results to differ materially from those discussed. Although such forward-looking statements have been made in good faith and are based on reasonable assumptions, there is no assurance that the expected results will be achieved. Any statements that express, or involve discussions as to, future expectations, risks, beliefs, plans, objectives, assumptions, events, uncertainties, financial performance or growth strategies (often, but not always, through the use of words or phrases such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "projects," "will likely result," "will continue," "could," "may," "potential," "target," "outlook" or words of similar meaning) are not statements of historical facts and may be forward-looking.
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, we are hereby filing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected, or expectations suggested, in forward-looking statements made by or on behalf of ALLETE in this Current Report on Form 8-K, in presentations, on our website, in response to questions or otherwise. These statements are qualified in their entirety by reference to, and are accompanied by, the following important factors, in addition to any assumptions and other factors referred to specifically in connection with such forward-looking statements:
· our ability to successfully implement our strategic
objectives;
· our ability to manage expansion and integrate acquisitions;
· prevailing governmental policies, regulatory actions, and
legislation including those of the United States Congress,
state legislatures, the FERC, the MPUC, the PSCW, and
various local and county regulators, and city
administrators, about allowed rates of return, financings,
industry and rate structure, acquisition and disposal of
assets and facilities, real estate development, operation
and construction of plant facilities, recovery of purchased
power, capital investments and other expenses, present or
prospective wholesale and retail competition (including but
not limited to transmission costs), zoning and permitting of
land held for resale and environmental matters;
· the potential impacts of climate change and future
regulation to restrict the emissions of GHG on our Regulated
Operations;
· effects of restructuring initiatives in the electric
industry;
· economic and geographic factors, including political and
economic risks;
· changes in and compliance with laws and regulations;
· weather conditions;
· natural disasters and pandemic diseases;
· war and acts of terrorism;
· wholesale power market conditions;
· population growth rates and demographic patterns;
· effects of competition, including competition for retail and
wholesale customers;
· changes in the real estate market;
· pricing and transportation of commodities;
· changes in tax rates or policies or in rates of inflation;
· project delays or changes in project costs;
· availability and management of construction materials and
skilled construction labor for capital projects;
· changes in operating expenses, capital and land development
expenditures;
· global and domestic economic conditions affecting us or our
customers;
· our ability to access capital markets and bank financing;
· changes in interest rates and the performance of the
financial markets;
· our ability to replace a mature workforce and retain
qualified, skilled and experienced personnel; and
· the outcome of legal and administrative proceedings (whether
civil or criminal) and settlements that affect the business
and profitability of ALLETE.
Additional disclosures regarding factors that could cause our results and performance to differ from results or performance anticipated by this report are discussed in Item 1A under the heading "Risk Factors" beginning on page 20 of our 2008 Form 10-K. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which that statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all of these factors, nor can it assess the impact of each of these factors on the businesses of ALLETE or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Readers are urged to carefully review and consider the various disclosures made by us in this Form 8-K and in our other reports filed with the SEC that attempt to advise interested parties of the factors that may affect our business.
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