Otter Tail Power requests Minnesota rate increase

Otter Tail (OTTR) Power Company, a wholly owned subsidiary of Otter Tail Corporation, filed a request with the Minnesota Public Utilities Commission 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. The company anticipates the PUC will make its final rate decision in the first quarter of 2027; final rates likely will not impact customers’ bills until the second or third quarter of 2027. If the PUC approves Otter Tail Power’s final rate request as filed, the net increase over what customers pay today would be approximately $44.8 million, or 17.7%, Otter Tail said.