Allete 4th-qtr results fall with charge


DULUTH, Minn., Jan 24 (Reuters) - Allete Inc. , which operates businesses ranging from energy services to auto financing, on Friday said fourth-quarter profit fell about 30 percent, citing a $5 million charge for delayed construction at a power plant. The Duluth, Minnesota company reported fourth-quarter net income of $18.1 million, or 22 cents a share, down about 29 percent, from $25.5 million, or 31 cents a share, in the year-ago quarter. Allete, which owns the Minnesota Power utility, ...

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