Otter Tail Corporation
Highly Engaged Employees
Highly Engaged EmployeesElectricity, Oil & Gas · Minnesota, United States · 1K - 5K Employees
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Overview
Headquarters
215 S Cascade St # 496, Fergus Falls, Mi...Phone Number
(866) 410-8780Website
www.ottertail.comRevenue
$1.3 BillionStock Symbol
OTTRIndustry
ZI Rank: 8
Signal Type
Mar
Apr
May
Jun
Jul
Aug
ZI Rank
7
4
7
9
10
8
About Otter Tail Corporation
Founded in 1907, Otter Tail Corporation is a company that provides electricity and energy services. This company is headquartered in Fergus Falls, Minnesota.Explore more
Otter Tail Corporation Org Chart
JA
President, Varistar Manufacturing Otter Tail ...
TR
President
TM
President, Northern Pipe Products & Vinyltech
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Revenue
Number of Employees
Type
Funding
Founded In
$8.8B
5K - 10K
Public
-
1987
Shaun JohnsonExecutive Vice President of Business Transformation and Chief Legal and Administrative Officer, CMS Energy Corporation and Consumers Energy Company
$752.1M
501-1,000
Public
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2001
Gary WolterChairman, President and CEO of MGE Energy Inc and Madison Gas and Electric Co
Company Profile Activity
Activity Insights
Otter Tail Corporation is experiencing very low activity levels compared to other companies in the Energy, Utilities & Waste sector.
What does this means?
Otter Tail Corporation is drawing exceptional interest within the Energy, Utilities & Waste industry, suggesting notable developments or strong market momentum, learn more about Otter Tail Corporation.
Otter Tail Corporation Tech Stack
A closer look at the technologies used by Otter Tail Corporation
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Most Recent Scoops
Project
anticipates receiving clarity on approval for its planned natural gas generation facility by the end of Q2 next year, following the IRP process, with the project incremental to the previously identified $750 million of incremental opportunity, targeting a 2031 to 2032 in-service date, and with initial investment activities expected to begin appearing in the latter part of the five-year planning period, subject to supply chain considerations for natural gas generators.
Facilities Relocation/Expansion, Spending/Investment, Logistics / Supply Chain, Business Finance, Energy / Power, Finance
Pain Point
Otter Tail Corporation has made the full $103.5 million payment related to its settlement into an escrow account by the end of July, with $73 million paid by the end of June reflected as restricted cash on the balance sheet and the remaining $30 million paid at the end of July, with all funds inaccessible until final court approval is received.
Lawsuits, Legal Affairs, Settlement
Pain Point
Otter Tail Corporation has entered into settlement agreements with three plaintiff classes in US PVC pipe antitrust litigation during Q2, with the court having preliminarily approved the agreements, and has agreed to pay $103.5 million to resolve the litigation, pending final court approval expected in Q4, without admitting any wrongdoing, fault, or liability.
Lawsuits, Legal Affairs, Settlement
Earnings
Otter Tail Corporation has $80 million of parent-level debt maturing in Q4, which it plans to retire without replacement, after which the only outstanding debt will reside at Otter Tail Power.
Finance, Financing & Debt
Earnings
Compensation & Benefits, Finance, HR Operations, Tax
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Frequently Asked Questions Regarding Otter Tail Corporation
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Founded in 1907, Otter Tail Corporation is a company that provides electricity and energy services. This company is headquartered in Fergus Falls, Minnesota.... Read More
