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Stock impact report

Otter Tail Power Company Requests Minnesota Rate Increase

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: Business Wire
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Power Company, a wholly owned subsidiary of Otter Tail Corporation (Nasdaq: OTTR), filed a request with the Minnesota Public Utilities Commission (PUC) to increase electric rates for its Minnesota customers. This request initiates an 18- to 24-month review process during which the PUC evaluates the company’s costs for providing electric service and then sets rates in a manner the PUC deems reasonable for both the company providing the service and the customers who depend on it.“Our customers, employees, friends, and neighbors see the costs of goods and services going up all around us, and we know that’s not easy,” said Otter Tail Power President Tim Rogelstad. “We’ve taken a hard look at our operations to manage expenses and improve efficiency before asking our customers to pay more. This request reflects what’s necessary to continue delivering the dependable service our communities count on.”As part of the state regulatory process, Show less Read more
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