{"id":963648,"date":"2026-05-15T13:03:01","date_gmt":"2026-05-15T17:03:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/otter-tail-power-company-files-15-year-resource-plan-with-minnesota-regulators\/"},"modified":"2026-05-15T13:03:01","modified_gmt":"2026-05-15T17:03:01","slug":"otter-tail-power-company-files-15-year-resource-plan-with-minnesota-regulators","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/otter-tail-power-company-files-15-year-resource-plan-with-minnesota-regulators\/","title":{"rendered":"Otter Tail Power Company Files 15-Year Resource Plan with Minnesota Regulators"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Otter Tail Power Company Files 15-Year Resource Plan with Minnesota Regulators<\/b><\/p>\n<p>FERGUS FALLS, Minn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nToday Otter Tail Power Company, a wholly owned subsidiary of Otter Tail Corporation (Nasdaq: OTTR), filed its 2027\u20132041 Integrated Resource Plan (IRP) with the Minnesota Public Utilities Commission, outlining how it plans to meet customers\u2019 electricity needs over the next 15 years.<\/p>\n<p>\n\u201cOur responsibility is to deliver cost-effective, reliable electricity to our customers,\u201d said Otter Tail Power President Todd Wahlund. \u201cThis plan reflects the decisions we find best meet those expectations over the long term.\u201d<\/p>\n<p>\nThe plan includes proposals to add a 50-megawatt natural gas plant expected to be in service in 2031\u20132032 and two 50-MW wind projects expected in service in 2035 and 2040.<\/p>\n<p>\nOtter Tail Power said the proposed additions are intended to help meet electricity demand and maintain system reliability.<\/p>\n<p>\nThe IRP also reflects projects in development following its last Resource Plan approval, including the 50-MW Solway Solar expected to be in service in 2026, the 295-MW Abercrombie Solar expected to be in service in 2028, a 75-MW battery storage facility, and additional wind generation.<\/p>\n<p>\nThe company develops its resource plans using forecasts for customer demand, available generation resources, and market conditions across its service territory. The Minnesota Public Utilities Commission will review the plan through a regulatory process that includes opportunities for public and stakeholder input. Otter Tail Power expects to file a separate IRP in North Dakota in 2027. South Dakota does not currently have an IRP requirement.<\/p>\n<p>\n\u201cResource planning is an ever-evolving process,\u201d said Wahlund. \u201cWe\u2019ll continue to monitor issues that may impact our plan as we continue our commitment to providing reliable and affordable electricity to our customers.\u201d<\/p>\n<p><b>Forward Looking Statements<\/b><\/p>\n<p>\nThis release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as \u201cexpect,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cwill\u201d and other similar words and expressions. Such statements are based on the current beliefs and expectations of management. Forward-looking statements made herein, which may include statements regarding our plan to meet customers\u2019 electricity needs, the type of generation resources selected, the timing of the additions, the financial and operational impact of the final outcome of the review as well as other assumptions and statements, involve known and unknown risks and uncertainties that may cause our actual plans or results to differ from our assumptions or expectations.<\/p>\n<p>\nOur risks are more fully described in our filings with the Securities and Exchange Commission, including our most recently filed Annual Report on Form 10-K, as updated in subsequently filed Quarterly Reports on Form 10-Q, as applicable. Forward-looking statements speak only as of the date they are made, and we expressly disclaim any obligation to update any forward-looking information.<\/p>\n<p><b>About the Corporation<\/b><\/p>\n<p>\nOtter Tail Corporation, a member of the S&amp;P SmallCap 600 Index, has interests in diversified operations that include an electric utility and manufacturing businesses. Otter Tail Corporation stock trades on the Nasdaq Global Select Market under the symbol OTTR. The latest investor and corporate information is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ottertail.com&amp;esheet=54536528&amp;newsitemid=20260515440406&amp;lan=en-US&amp;anchor=www.ottertail.com&amp;index=1&amp;md5=7bc3b1aae0bae8ebbe07b8ed98d1754a\">www.ottertail.com<\/a>. Corporate offices are in Fergus Falls, Minnesota and Fargo, North Dakota.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260515440406r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260515440406\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260515440406\/en\/<\/a><\/span><\/p>\n<p><b>Investor contact<\/b>: Beth Eiken, Manager of Investor Relations, (701) 451-3571<br \/>\n<br \/><b>Media Contact<\/b>: Stephanie Hoff, Director of Corporate Communications, (218) 739-8535<\/p>\n<p><b>KEYWORDS:<\/b> North Dakota Minnesota United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Energy Other Manufacturing Utilities Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260515440406\/en\/1210155\/3\/OTCorp.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Otter Tail Power Company Files 15-Year Resource Plan with Minnesota Regulators FERGUS FALLS, Minn.&#8211;(BUSINESS WIRE)&#8211; Today Otter Tail Power Company, a wholly owned subsidiary of Otter Tail Corporation (Nasdaq: OTTR), filed its 2027\u20132041 Integrated Resource Plan (IRP) with the Minnesota Public Utilities Commission, outlining how it plans to meet customers\u2019 electricity needs over the next 15 years. \u201cOur responsibility is to deliver cost-effective, reliable electricity to our customers,\u201d said Otter Tail Power President Todd Wahlund. \u201cThis plan reflects the decisions we find best meet those expectations over the long term.\u201d The plan includes proposals to add a 50-megawatt natural gas plant expected to be in service in 2031\u20132032 and two 50-MW wind projects expected in service in 2035 and 2040. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/otter-tail-power-company-files-15-year-resource-plan-with-minnesota-regulators\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Otter Tail Power Company Files 15-Year Resource Plan with Minnesota Regulators&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-963648","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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