secwatch.observer — SEC 8-K summary
======================================

Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001466593-23-000089
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Otter Tail Power files supplemental IRP; plans 200 MW solar, 200 MW wind, potential Coyote Station exit
--------------------------------------------------------------------------------

- Plans to add ~200 MW solar (2027-2028) and ~200 MW wind (2029) plus LNG storage at Astoria Station in 2026.
- Repowering four existing wind facilities in 2024-2025; seeks to create regulatory asset for potential Coyote Station exit.
- Potential withdrawal from 35% ownership in Coyote Station coal plant if major non-routine capital needed; estimated costs $68.5M at end-2028.
- Filing updates 2022 IRP; cites MISO reserve margins, Inflation Reduction Act tax credits, Minnesota Clean Energy Bill, market volatility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659323000089/0001466593-23-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659323000089/ottr-20230331.htm
  HTML page:      https://secwatch.observer/filing/0001466593-23-000089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer