FARGO, N.D., June 24, 2009 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) expects to complete its transition to a holding company on July 1, 2009. As previously announced, Otter Tail Corporation has been preparing for a transition to a holding company structure that will result in Otter Tail Power Company becoming a separate legal entity ...

FERGUS FALLS, Minn., May 22, 2009 (GLOBE NEWSWIRE) -- Otter Tail Power Company, a division of Otter Tail Corporation (Nasdaq:OTTR), announced today that it will build a wind farm near Lake Ashtabula in North Dakota. Construction will commence in late May on the 49.5-megawatt wind farm and related infrastructure. The company anticipates that the pro...

FERGUS FALLS, Minn., April 20, 2009 (GLOBE NEWSWIRE) -- Otter Tail Corporation hosted 404 shareholders and guests at its annual meeting of common shareholders on Monday, April 20, in Fergus Falls, Minnesota. Represented by proxy or present in person at the meeting were nearly 85 percent of the corporation's total shares outstanding. Shareholders re...

FERGUS FALLS, Minn., Feb. 2, 2009 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) today announced financial results for the fourth quarter and year ended December 31, 2008. 2008 Highlights: * Consolidated revenues increased 5.8% to a record $1.3 billion in 2008. * Electric segment net income increased to $33.2 million in 2...

Fergus Falls, Minnesota - To address rising costs and growing energy use, Otter Tail Power Company is proposing to increase its base rates for electric service in North Dakota for the first time since 1982. "We have been able to avoid a rate increase in North Dakota for more than 25 years by improving efficiency and managing our o...

FERGUS FALLS, Minnesota - Otter Tail Corporation (NASDAQ: OTTR) today announced financial results for the quarter ended September 30, 2008. Highlights   Third quarter revenues of $352.9 million compared with $302.2 million for the third quarter of 2007. Third quarter revenues...

Otter Tail Corporation (NASDAQ: OTTR) (the Company) announced today the commencement of a public offering of 5,000,000 shares of its common stock. The Company also expects to grant the underwriters of the offering an option to purchase up to an additional 750,000 shares to cover over-allotments. The Company intends to use the net procee...

Dennis Kostrzewski has been promoted to president of ShoreMaster, Inc., a waterfront equipment manufacturer based in Fergus Falls, Minnesota. ShoreMaster is an operating company of Otter Tail Corporation (NASDAQ:OTTR). Kostrzewski succeeds Erik Ahlgren, who stepped down in early August. Kostrzewski was appointed chief financial officer f...

Fargo, North Dakota - DMI Industries, an Otter Tail company, announced today that it will expand its facilities in West Fargo, North Dakota, and near Tulsa, Oklahoma. The expansions will increase capacity by 40% at the West Fargo plant and by 100% at the Oklahoma plant. Once completed, DMI will be the largest wind tower manufacturer in No...

DETROIT LAKES, Minn. - BTD Manufacturing, Inc., Detroit Lakes, Minn., announced today that it has acquired Miller Welding & Iron Works of Washington, Ill. BTD Manufacturing is an operating company of Otter Tail Corporation (NASDAQ: OTTR). The transaction, the terms of which were not disclosed, involved an exchange of cash for assets....