secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001466593-24-000064
Event type: regulatory
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Otter Tail subsidiary reaches settlement on IRP with 200-300 MW solar and 150-200 MW wind additions
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- Settlement recommends MPUC approve 200-300 MW solar by Nov 2027 and 150-200 MW wind by Dec 2029 for Minnesota customers.
- Proposes operating Coyote Station coal plant as AME resource from March 2026, with costs borne by Minnesota customers.
- Authorizes OTP to begin withdrawing from Minnesota share of Coyote Station if material non-routine capital required.
- File next Minnesota resource plan by May 2026, assuming withdrawal from Coyote Station by Dec 2031.
- Settlement not yet approved by MPUC; other parties have not joined.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659324000064/0001466593-24-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659324000064/ottr-20240402.htm
  HTML page:      https://secwatch.observer/filing/0001466593-24-000064

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