EXHIBIT 10 ALLETE, INC. Director Compensation - -------------------------------------------------------------------------------- EFFECTIVE MAY 1, 2005 ---------------------------------------------------------------------- BOARD RETAINERS <F1><F2> Cash $23,500 Stock $47,500 ---------------------------------------------------------------------- COMMITTEE CASH RETAINERS <F1><F2> Audit $9,000 Executive Compensation $7,500 Corporate Governance & Nominating $7,500 ---------------------------------------------------------------------- CHAIR CASH RETAINERS <F1><F2> Audit $8,500 Executive Compensation $5,500 Corporate Governance & Nominating $4,500 ---------------------------------------------------------------------- ---------------------------------------------------------------------- LEAD DIRECTOR/NON-EMPLOYEE CHAIRMAN RETAINER <F1><F2><F3> Cash $73,000 Stock $47,500 ---------------------------------------------------------------------- <FN> <F1> Cash retainers may be deferred under the Director Compensation Deferral Plan. <F2> Cash retainers may be elected to be received in ALLETE stock. <F3> Represents total compensation for Lead Director/Non-Employee Chairman. Not eligible for other committee or chair retainers. </FN>