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Otter Tail Power Company Files 15-Year Resource Plan with Minnesota Regulators

OTTR
  • Otter Tail Power Company, a subsidiary of Otter Tail Corporation (OTTR), filed its 2027–2041 Integrated Resource Plan with the Minnesota Public Utilities Commission.
  • The plan outlines strategies to deliver cost-effective & reliable electricity over the next 15 years.
  • Proposed new resources include a 50-megawatt natural gas plant expected in service in 2031–2032.
  • Two 50-MW wind projects are proposed for service in 2035 & 2040.
  • Existing projects in development include the 50-MW Solway Solar (in service 2026), 295-MW Abercrombie Solar (in service 2028), a 75-MW battery storage facility, & additional wind generation.
  • The Minnesota Public Utilities Commission will review the plan through a regulatory process that includes public & stakeholder input.
  • Otter Tail Power expects to file a separate IRP for North Dakota in 2027, while South Dakota has no current IRP requirement.
  • The company developed the plan using forecasts for customer demand, available generation resources, & market conditions.
  • Otter Tail Corporation is a member of the S&P SmallCap 600 Index with corporate offices in Fergus Falls, Minnesota & Fargo, North Dakota.