Otter Tail Power Company is an investor-owned electric utility that generates, transmits and distributes electricity across the upper Midwest. Operating for more than a century, it serves approximately 133,900 customers in 422 communities over a 70,000 square mile service area spanning Minnesota, North Dakota and South Dakota, providing power to residential, commercial and industrial customers. The company is headquartered in Fergus Falls, Minnesota and is a subsidiary of Otter Tail Corporation, which is listed on the Nasdaq Global Select Market under the ticker OTTR.
Work at the company spans electricity generation, transmission and distribution, alongside renewable energy and carbon reduction and emissions management. Otter Tail Power has set a target of owning or contracting 55% renewable energy by 2030, with the aim of cutting emissions from owned generation by 50% against 2005 levels by 2030 and by 97% by 2050. Its stated commitments centre on low-cost, reliable electricity service and on meeting these sustainability goals.
As part of a diversified holding company with operations in manufacturing, health services, food ingredient processing, plastics, construction and transportation, Otter Tail Power sits within a broader industrial group while remaining a regulated utility serving a wide rural and regional customer base across three states.
