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Overview
Otter Tail Corp is a multi-faceted energy and infrastructure company based in Fergus Falls, Minnesota. The company was founded in 1907 and is one of the oldest publicly traded companies in the state. Otter Tail Corp operates through its various subsidiaries, which include Otter Tail Power Company, Northern Pipe Products, and BTD Manufacturing. The companyβs main focus is on providing electricity, natural gas, and other related energy services to customers in the Upper Midwest region. Otter Tail Power Company serves nearly 134,000 electric customers and approximately 65,000 natural gas customers in Minnesota, North Dakota, and South Dakota. In addition to its energy services, Otter Tail Corp also offers diversified infrastructure and manufacturing services. Its subsidiaries Northern Pipe Products and BTD Manufacturing provide a range of products such as PVC pipes, plastic injection molding, and metal fabrication services. The company has a strong commitment to sustainability and has been recognized for its efforts in renewable energy. It has invested in wind and solar energy projects and has set a goal to reduce its carbon emissions by 30% by 2030. Otter Tail Corp is publicly traded on the Nasdaq Stock Exchange under the ticker symbol OTTR and is included in the S&P 600 SmallCap Index. The company has a strong financial history and has consistently paid dividends to its shareholders since 1948. In addition to its corporate initiatives, Otter Tail Corp is also involved in various philanthropic efforts through its charitable arm, the Otter Tail Power Company Charitable Foundation. The foundation supports local communities by donating to organizations focused on education, community development, and environmental stewardship.
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