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Stock impact report

Otter Tail Power Company Completes Rate Review in North 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
Service Commission (PSC) approved a $13.1 million net increase to Otter Tail Power Company's, a wholly-owned subsidiary of Otter Tail Corporation (Nasdaq: OTTR), electric service rates. While overall costs of living have increased since the company's last North Dakota rate review, filed in 2017, this average net increase of 6.18 percent keeps the company's electric service rates among the lowest in the nation. "We're committed to providing reliable, cost-effective electricity for our customers," said Otter Tail Power President Tim Rogelstad. "And because interim rates closely match final approved rates, customers won't see a significant bill impact when we implement final rates." Otter Tail Power filed its original request for a rate review on November 2, 2023. In the initial filing, the company increased rates for North Dakota customers on an interim basis beginning January 1, 2024. Otter Tail Power will propose to implement approved rates approximately 120 days after the PSC fin Show less Read more
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