regulatory
confidence high
sentiment neutral
materiality 0.60
Otter Tail subsidiary updates IRP; cites FERC, MISO changes; dual fuel project details revised.
Otter Tail Corp
- Otter Tail Power filed supplemental IRP update with Minnesota PUC on Oct 14, 2022, requesting procedural schedule amendment.
- Cites FERC-approved MISO seasonal resource adequacy construct and Inflation Reduction Act as factors requiring revised modeling.
- Updated modeling results and IRP revisions expected by March 31, 2023.
- Dual fuel capability at Astoria Station remains on track for 2026; secondary fuel source may shift from fuel oil to LNG.
- Filed similar letters with North Dakota and South Dakota public utility commissions.