Otter Tail Power Company Seeks Approval for $5.7 Million Rate Increase in South Dakota

Reuters
06-04
Otter Tail Power Company Seeks Approval for $5.7 Million Rate Increase in South Dakota

Otter Tail Power Company, a subsidiary of Otter Tail Corporation, has submitted a request to the South Dakota Public Utilities Commission to increase its electric rates. The proposal seeks to address rising costs associated with maintaining a safe and reliable energy system while accommodating growing electricity demand. The request, if approved in full, would result in a rate increase of approximately $5.7 million, translating to an average net increase of about 12.5% for customers. The company emphasizes its commitment to providing cost-effective energy solutions and highlights efforts to manage costs through strategic investments and operational efficiency. The PUC will review the request, and should it not make a decision within 180 days, Otter Tail Power may implement interim rates starting December 1, 2025. Customers will be refunded if final rates are set lower than the interim rates. Information on rate changes and updates will be accessible on the company's website.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Otter Tail Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250604309302) on June 04, 2025, and is solely responsible for the information contained therein.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10