SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
Amendment 2
Under the Securities and Exchange Act of 1934
Allete, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
018522300
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(CUSIP Number)
December 31, 2006
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
This Schedule is filed pursuant to Rule 13d-1(b)
The information required in the remainder of this cover page (except any items
to which the form provides a cross-reference) shall not be deemed to be
"filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act.
CUSIP NO. 018522300
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1) Name of Reporting Person Ameriprise Financial, Inc.
S.S. or I.R.S. Identification IRS No. 13-3180631
No. of Above Person
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2) Check the Appropriate Box (a)
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if a Member of a Group (b) X*
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*This filing describes the reporting person's relationship with other persons,
but the reporting person does not affirm the existence of a group.
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH
(5) Sole Voting Power -0-
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(6) Shared Voting Power 4,846,894
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(7) Sole Dispositive Power -0-
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(8) Shared Dispositive Power 4,916,604
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9) Aggregate Amount Beneficially
Owned by Each Reporting Person 4,916,604
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10) Check if the Aggregate Amount in
Row (9) Excludes Certain Shares Not Applicable
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11) Percent of Class Represented by
Amount In Row (9) 16.18%
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12) Type of Reporting Person CO
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1(a) Name of Issuer: Allete, Inc.
1(b) Address of Issuer's Principal 30 West Superior Street
Executive Offices: Duluth, MN 55802-2093
2(a) Name of Person Filing: Ameriprise Financial, Inc.
2(b) Address of Principal Business Office:
Ameriprise Financial, Inc.
145 Ameriprise Financial Center
Minneapolis, MN 55474
2(c) Citizenship: Delaware
2(d) Title of Class of Securities: Common Stock
2(e) Cusip Number: 018522300
3 Information if statement is filed pursuant to Rules 13d-1(b) or 13d-2(b):
This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) and the
person filing, Ameriprise Financial, Inc. is a parent holding company in
accordance with Rule 13d-1(b)(1)(ii)(G). (Note: See Item 7)
4(a) Amount Beneficially Owned as of December 31, 2006: 4,916,604 shares
may be deemed beneficially owned by the reporting person within the
meaning of Rule 13d-3 of the Securities Exchange Act of 1934. The
reporting person, and each of its subsidiaries identified on the
attached Exhibit I disclaims beneficial ownership of any shares
reported on this Schedule.
4(b) Percent of Class: 16.18%
4(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or direct the vote: 4,846,894*
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 4,916,604**
* Certain shares of the issuer's Common Stock are held in trust for the
benefit of employees participating in one or more employee benefit plans
subject to the Employee Retirement Income Security Act of 1974, as amended
("ERISA"), with respect to which Ameriprise Trust Company, a wholly owned
subsidiary of Ameriprise Financial, Inc., serves as trustee. As a plan
trustee, Ameriprise Trust Company votes shares allocated to participant
accounts as directed by plan participants, subject to Section 404 of ERISA.
All shares allocated to participants for whom no voting instructions are
received, are voted in the same proportion as the trustee votes shares for
which it did receive voting instructions.
**Certain shares of the issuer's Common Stock are held in trust for the
benefit of employees participating in one or more employee benefit plans with
respect to which Ameriprise Trust Company, a wholly owned subsidiary of
Ameriprise Financial, Inc., serves as trustee. Shares of Common Stock held by
the trustee on behalf of the plans may be disposed of by the plans or the
trustee only in accordance with the terms of the plan.
5 Ownership of 5% or Less of a Class:
Not Applicable.
6 Ownership of more than 5% on Behalf of Another Person:
Various persons have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the Common
Stock of Allete, Inc. The interest of one person, Ameriprise Trust
Company, amounted to 4,846,894 shares or 15.95% of the total outstanding
Common Stock of the issuer at December 31, 2006. Ameriprise Trust Company
may be deemed to be the beneficial owner of such shares by virtue of
serving as directed trustee for certain employee benefit plans.
7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company:
See Exhibit I
8 Identification and Classification of Members of the Group:
Not Applicable
9 Notice of Dissolution of Group:
Not Applicable
10 Certification:
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in
any transaction having such purposes or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Ameriprise Financial, Inc.
Dated: December 31, 2006 By /s/ Jeffrey P. Fox
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Jeffrey P. Fox
V.P Investment Accounting
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Telephone: (612) 671-6741
Exhibit Index
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Exhibit I Identification and Classification of the Subsidiary
which Acquired the Security Being Reported on by the
Parent Holding Company.
Exhibit II Joint Filing Agreement
Exhibit I
To
Schedule 13G
Ameriprise Financial, Inc., a Delaware Corporation, is a parent holding
company. The classification and identity of the relevant subsidiaries is as
follows:
Bank - Ameriprise Trust Company, a trust company organized under the laws of
the State of Minnesota
Investment Company - RiverSource Funds, comprised of investment companies
registered under section 8 of the Investment Company Act of 1940
Investment Adviser - RiverSource Investments, LLC, an investment adviser
registered under section 203 of the Investment Advisers Act of 1940.
Exhibit II
To
Schedule 13G
Joint Filing Agreement
The undersigned persons, on February 9, 2007, agree and consent to the joint
filing on their behalf of this Schedule 13G in connection with their
beneficial ownership of the Common Stock of Allete, Inc. at December 31, 2006.
Ameriprise Financial, Inc.
By /s/ Jeffrey P. Fox
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Jeffrey P. Fox
V.P. Investment Accounting
Ameriprise Trust Company
By /s/ Mark S. Ellis
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Mark S. Ellis
Senior Vice President