Otter Tail Power Company Seeks Rate Hike in Minnesota
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2025
0mins
Source: Newsfilter
Rate Increase Request: Otter Tail Power Company has filed a request with the Minnesota Public Utilities Commission to increase electric rates for its customers, initiating an 18- to 24-month review process. If approved, interim rates could lead to a 12.6% increase starting January 1, 2026.
Infrastructure and Reliability Investments: The company plans to invest in infrastructure improvements, including replacing aging equipment and expanding underground lines, to enhance reliability and reduce service disruptions.
Transition to Renewable Energy: Otter Tail Power is transitioning to a higher percentage of renewable energy resources, which includes phasing out coal-fired power generation by the end of 2031, while managing inflation-related cost increases.
Customer Impact and Future Rates: If the final rate request is approved, residential bills could increase by approximately $18.14 per month, while business bills may rise by about $73.20. Customers will receive refunds if final rates are lower than interim rates.
Get Free Real-Time Notifications for Any Stock
Monitor tickers like OTTR with instant alerts to capture every critical market movement.
Sign up for free to build your custom watchlist and receive professional-grade stock notifications.
Analyst Views on OTTR
About OTTR
Otter Tail Corporation is a holding company which invests in a portfolio of diversified operations, including an electric utility and manufacturing and plastic pipe businesses. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by the Company. The Manufacturing segment consists of businesses in manufacturing activities, including contract machining, metal parts stamping, fabrication and painting, and production of plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components. These businesses have manufacturing facilities in Georgia, Illinois and Minnesota. The Plastics segment consists of businesses producing PVC pipe at plants in North Dakota and Arizona. The PVC pipe is sold primarily in the western half of the United States and Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Otter Tail Corporation to Announce 2025 Financial Results and Host Conference Call
- Earnings Release Schedule: Otter Tail Corporation will announce its 2025 financial results after market close on February 16, 2026, highlighting its diversified operations in electric utility and manufacturing sectors.
- Conference Call Timing: The company will host a conference call on February 17, 2026, at 10:00 a.m. CT to discuss its financial and operational performance, aiming to bolster investor confidence in its future prospects.
- Webcast Access: Participants can access the live webcast via the company's website, ensuring they download any necessary software prior to the call, reflecting the company's commitment to effective investor communication.
- Investor Information Availability: Otter Tail Corporation offers multiple channels for obtaining the latest investor and corporate information, further enhancing transparency and investor relations.
Continue Reading
Electric Utilities Face High Short Interest, Otter Tail at 11.91%
- High Short Interest: Within the utilities sector, Otter Tail (OTTR) and Hawaiian Electric Industries (HE) have the highest short interest at 11.91% and 11.29%, respectively, indicating a significant bearish sentiment among investors towards these stocks.
- Divergent Analyst Ratings: While Seeking Alpha rates Otter Tail as a Hold, Wall Street analysts are bullish, giving it a Buy rating, highlighting a split in market sentiment regarding the stock's future performance.
- Most Shorted Stocks: Among utilities stocks with a market cap over $2B, Otter Tail and Hawaiian Electric Industries rank as the most shorted, whereas Brookfield Infrastructure Partners (BIP) and NextEra Energy (NEE) are the least shorted at 0.21% and 1.55%, respectively, indicating varying investor confidence across the sector.
- Market Trend Insights: With NextEra Energy gaining for seven consecutive sessions, there is strong market interest in large-cap utility stocks' earnings momentum, potentially signaling future investment opportunities.
Continue Reading