ALLETE, Inc. (NYSE:ALE) Q4 2023 Earnings Call Transcript

Brian Russo : Okay. And then, lastly, just fun New Energy equity, are there any assumptions you can could offer in addition to the $19 million to $21 million in earnings just so, we can track the progress of that business as we move through the year, maybe if it’s project closings or maybe even an EBITDA figure?

Jeff Scissons : Yeah, Brian this is Jeff again. We’ve – what we’ve learned here over the last two years is that, all megawatts are a little bit different. So I think we reference around 100 megawatts close, but that can take different shapes and forms. So we’re trying to be as transparent as possible to give to the net income line. And I think you’ve heard some of the growth in some different states. But I think you can use roughly 100 megawatts of closed projects and a net income that was disclosed.

Brian Russo : Okay, great. Thank you very much.

Bethany Owen : Thanks, Brian.

Operator: Thank you. And I’m showing no further questions at this time. I’d like to handle call back over to Bethany Owen for closing remarks.

Bethany Owen : Thank you again for being with us this morning and for your investment and interest in ALLETE. We’re looking forward to speaking with many of you soon, whether it’s in person or virtually at various investor conferences throughout the year. And we hope you enjoy the rest of your day.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.