Otter Tail Power
|Type||Public (NASDAQ: OTTR)|
|Headquarters||215 South Cascade St.
Fergus Falls, MN 56537
|Area served||MN, ND, SD|
|Key people||John Erickson, CEO|
|Industry||Electric Producer & Utility
|Revenue||$1.24 billion (2007)|
|Net income||▲ $54.0 million (2007)|
|Subsidiaries||Otter Tail Power Co.
DMS Health Group
Northern Pipe Products
Idaho Pacific Holdings
E.W. Wylie Corp.
Midwest Construction Services
Otter Tail Power Company is an energy company based in Fergus Falls, Minnesota. It is the main subsidiary of the Otter Tail Corporation, which is traded on the NASDAQ exchange under the symbol OTTR. Otter Tail Corporation is a small-scale conglomerate formed in the 1990s to offset the flat revenues from the utility operations.
As of 2007, the company serves 423 towns at retail and delivers power to about 14 municipal utilities. The company currently has a workforce of over 750 employees, a generating capacity of 660 megawatts, and owns over 5000 miles of electrical power transmission lines (the majority of which are operated at 41.6kV). The company serves 128,500 customers in North Dakota, Minnesota, and South Dakota.
Out of its total 1,165 MW of electric generating capacity in 2005 (0.11% of the U.S. total), Otter Tail produced 88.9% from coal, 6.8% from oil, 4.3% from natural gas, and 0.1% from hydroelectricity. Otter Tail owns power plants in Minnesota, North Dakota, and South Dakota.
Existing coal-fired power plants
|Plant Name||State||County||Year(s) Built||Capacity||2007 CO2 Emissions||2006 SO2 Emissions|
|Big Stone||SD||Grant||1975||456 MW||4,210,000 tons||11,986 tons|
|Coyote||ND||Mercer||1981||450 MW||4,111,000 tons||11,472 tons|
|Hoot Lake||MN||Otter Tail||1959, 1964||129 MW||940,000 tons||1,440 tons|
In 2006, Otter Tail's 3 coal-fired power plants emitted 9.3 million tons of CO2 and 25,000 tons of SO2.
Articles and Resources
- ↑ 1.0 1.1 Otter Tail Corp., BusinessWeek Company Insight Center, accessed July 2008.
- ↑ Otter Tail Power Company history, Otter Tail Power Company, accessed July 2007.
- ↑ 3.0 3.1 Existing Electric Generating Units in the United States, 2005, Energy Information Administration, accessed April 2008.
- ↑ Environmental Integrity Project, Dirty Kilowatts: America’s Most Polluting Power Plants, July 2007.
- ↑ Dig Deeper, Carbon Monitoring for Action database, accessed June 2008.
Related SourceWatch Articles
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