FERGUS FALLS, Minn., Aug. 2, 2010 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) today announced financial results for the quarter ended June 30, 2010.Highlights Consolidated revenues rose approximately 9.5% compared with the second quarter of 2009. Second quarter 2010 results include a noncash asset impairment charge of $19.7 mill...

FERGUS FALLS, Minn., April 12, 2010 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) hosted 327 shareholders and guests at its annual meeting of common shareholders on Monday, April 12 in Fergus Falls, Minnesota. Represented by proxy or present in person at the meeting were 82% of the corporation's total shares outstanding. Shareholders re...

FARGO, N.D., Dec. 4, 2009 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) announced today the closing of an offering of $100 million of its 9.000% Notes due 2016. The Notes will be senior unsecured obligations of Otter Tail Corporation. Otter Tail Corporation intends to use the net proceeds of the offering to reduce borrowings under its re...

FERGUS FALLS, Minn., Oct. 29, 2009 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) today announced financial results for the quarter ended September 30, 2009. Highlights * Consolidated net income improved 10.0% as net income in our electric and food ingredient processing segments increased $3.0 million and $2.8 million, ...

FERGUS FALLS, Minn., Aug. 3, 2009 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) today announced financial results for the quarter ended June 30, 2009. Highlights * The corporation generated operating cash flow of $90.3 million for the six months ended June 30, 2009, a $55.4 million increase over the same period in 20...

FARGO, N.D., June 24, 2009 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) expects to complete its transition to a holding company on July 1, 2009. As previously announced, Otter Tail Corporation has been preparing for a transition to a holding company structure that will result in Otter Tail Power Company becoming a separate legal entity ...

FERGUS FALLS, Minn., May 22, 2009 (GLOBE NEWSWIRE) -- Otter Tail Power Company, a division of Otter Tail Corporation (Nasdaq:OTTR), announced today that it will build a wind farm near Lake Ashtabula in North Dakota. Construction will commence in late May on the 49.5-megawatt wind farm and related infrastructure. The company anticipates that the pro...

FERGUS FALLS, Minn., April 20, 2009 (GLOBE NEWSWIRE) -- Otter Tail Corporation hosted 404 shareholders and guests at its annual meeting of common shareholders on Monday, April 20, in Fergus Falls, Minnesota. Represented by proxy or present in person at the meeting were nearly 85 percent of the corporation's total shares outstanding. Shareholders re...

FERGUS FALLS, Minn., Feb. 2, 2009 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) today announced financial results for the fourth quarter and year ended December 31, 2008. 2008 Highlights: * Consolidated revenues increased 5.8% to a record $1.3 billion in 2008. * Electric segment net income increased to $33.2 million in 2...

Fergus Falls, Minnesota - To address rising costs and growing energy use, Otter Tail Power Company is proposing to increase its base rates for electric service in North Dakota for the first time since 1982. "We have been able to avoid a rate increase in North Dakota for more than 25 years by improving efficiency and managing our o...