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Stock impact report

Otter Tail Power Company Completes Rate Review in South Dakota [Yahoo! Finance]

Otter Tail Corporation (OTTR) 
Last otter tail corporation earnings: 2/17 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: otpco.com/about-us/investor-information
Company Research Source: Yahoo! Finance
announced the South Dakota Public Utilities Commission approval of the settlement agreement reached between Otter Tail Power and commission staff, concluding the rate proceeding. Investor highlights: Net revenue increase of $3.3 million Achieved 58% of original request; 75% after considering adjustments for rider treatment Blackbox settlement regarding return on equity and capital structure Return on rate base of 7.09% Moratorium on increases to base rates until December 1, 2029, with certain exceptions "Today's outcome reflects a constructive regulatory process, and is expected to support safe, reliable and economical electric service for our South Dakota customers," said Otter Tail Power President Tim Rogelstad. "We appreciate the collaboration with the South Dakota Commission and staff throughout the proceeding." Final rates are anticipated to be implemented on April 1, 2026. Even with the increase, Otter Tail Power is expected to continue having some of the lowest Show less Read more
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