Otter Tail Power Company Completes Rate Review in North Dakota
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Otter Tail Power Company, a subsidiary of Otter Tail Corporation, received approval from the North Dakota Public Service Commission for a $13.1 million net increase in electric service rates, marking a 6.18% average increase. Despite this, their rates remain among the lowest in the nation.
December 30, 2024 | 10:15 pm
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Otter Tail Corporation's subsidiary, Otter Tail Power Company, has been granted a $13.1 million rate increase by the North Dakota PSC, resulting in a 6.18% average rate hike. This regulatory approval could positively impact OTTR's revenues.
The approved rate increase directly affects Otter Tail Corporation's revenue potential, as it allows for higher income from its electric services in North Dakota. This regulatory decision is significant for OTTR's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90