U.S. Water announces strategic partnership with ALLETE
U.S. Water Services has officially announced a strategic partnership with ALLETE, a mid-sized energy company based in the city of Duluth, Minn.
ST. MICHAEL, MN, Jan. 28, 2015 -- U.S. Water Services, Inc., a provider of integrated solutions for water treatment, has officially announced a strategic partnership with ALLETE (NYSE:ALE), a mid-sized energy company based in the city of Duluth, Minn.
In business for over 100 years, ALLETE is predominantly a regulated utility through Minnesota Power, Superior Water, Light & Power and through an investment in the American Transmission Company (ATC). ALLETE's infrastructure and related services businesses include ALLETE Clean Energy, BNI and now U.S. Water Services.
ALLETE has a growing portfolio of wind-generating facilities, and U.S. Water will represent a key growth platform providing an integrated water management approach to a growing base of industrial and commercial customers.
In addition to helping grow U.S. Water's footprint in power -- a key growth segment for the future -- the strategic partnership with ALLETE will provide the company access to additional capital and resources that will ultimately enhance the value it can bring to customers.
Aside from a heightened ability to serve its customer base, U.S. Water customers will not see any change that will impact their day-to-day operations and can still expect to receive the same, if not better, level of service, quality and integrated offerings they have come to expect, said U.S. Water CEO Allan Bl.
About U.S. Water
U.S. Water seeks to identify and eliminate the root cause of problems, finding optimal solutions for each customer’s individual water treatment needs based on the best combination of chemistry, equipment, engineering and technical services. For more information, visit www.uswaterservices.com.
ALLETE (NYSE: ALE) is a provider of competitively-priced energy in the upper Midwest, and invests in transmission infrastructure and other energy-centric businesses. Its Minnesota Power electric utility serves 144,000 residents, 16 municipalities and some of the nation's largest industrial customers. Other businesses include BNI Coal; ALLETE Clean Energy; Superior Water, Light & Power; ALLETE Renewable Resources; and ALLETE Properties. For more information, visit www.allete.com.