regulatory
confidence high
sentiment neutral
materiality 0.60
Otter Tail Power proposes bifurcated resource plan, Coyote Station as emergency resource by 2029
Otter Tail Corp
- Otter Tail Power submitted a supplemental IRP to the MN PUC proposing bifurcated resource planning between Minnesota and other jurisdictions.
- Preferred Minnesota plan includes repowering four wind facilities in 2025, adding ~200 MW solar in 2025 and ~150 MW wind in 2026/2032.
- Requests designation of Coyote Station coal plant as Available Maximum Emergency Resource from 2029; OTP may withdraw if major non-routine capital needed.
- New plan adjusts timing and amount of renewable additions vs. March 2023 filing; MPUC hearing scheduled for January 4, 2024.
- Bifurcated planning would serve Minnesota with dedicated resources, diverging from historical integrated approach; future filings for ND and SD planned.