PUC reduces Otter Tail Power Co.’s rate increase request in settlement acceptance

PIERRE – South Dakota Public Utilities Commission approved a settlement stipulation from Otter Tail Power Co. and PUC staff allowing for an electric base rate increase below the company’s original request. The decision by the PUC, as outlined in the settlement, recognized an overall revenue deficiency of $3,320,277, far below the $5,719,671 included in Otter Tail Power’s original request....