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....

FERGUS FALLS, Minn. - Otter Tail Corporation hosted 370 shareholders and guests at its annual meeting of common shareholders on Monday, April 14 in Fergus Falls, Minn. Represented by proxy or present in person at the meeting were 84% of the corporation's total shares outstanding. Shareholders reelected Nathan Partain, and electe...

Otter Tail Corporation (NASDAQ: OTTR) today announced financial results for the quarter and year ended December 31, 2007. 2007 Highlights: Consolidated revenues grew 12.1% to a record $1.2 billion in 2007. Consolidated net i...

Mike Vallafskey has been named president and Bill Brand has been named chief operating officer of T.O. Plastics, a manufacturer of plastic products and packaging, effective January 1. T.O. Plastics, based in Clearwater, Minnesota, is an operating company of Otter Tail Corporation (NASDAQ: OTTR). The appointments were announced by Chuck ...