regulatory
confidence high
sentiment neutral
materiality 0.65
MPUC approves Otter Tail IRP; orders 200-300MW solar by 2027, coal phase-out by 2031
Otter Tail Corp
- MPUC directed Otter Tail Power to procure 200-300MW solar by Nov 2027, 150-200MW wind by Dec 2029, and 20-75MW battery storage by Dec 2029.
- Approved on-site LNG storage at Astoria Station by 2027, subject to North Dakota approval.
- Designate Minnesota share of Coyote Station coal plant as AME resource from June 2026 to no later than Dec 2031; if not feasible, stop after 2028.
- Otter Tail must cease serving Minnesota customers with Coyote Station capacity or energy by December 31, 2031.
- Next IRP due May 2026; will include analysis of Big Stone Plant continued operation with AME.