Otter Tail Corporation Announces Third Quarter Earnings and Maintains 2007 Earnings Guidance; Board of Directors Declare...(ons of the Private Securities Litigation...),Health

Date:11/1/2007

ons of the Private Securities Litigation Reform Act of 1995. Although the corporation believes its expectations are based on reasonable assumptions, actual results may differ materially from those expectations. The following factors, among others, could cause actual results for the corporation to differ materially from those discussed in the forward-looking statements:

-- The corporation is subject to federal and state legislation,

regulations and actions that may have a negative impact on its business

and results of operations.

-- Future operating results of the electric segment will be impacted by

the outcome of a rate case filed in Minnesota on October 1, 2007,

requesting an overall increase in Minnesota rates of 6.66%. The filing

includes a request for an interim rate increase of 5.41% beginning

November 30, 2007. If approved by the Minnesota Public Utilities

Commission (MPUC), interim rates will remain in effect for all

Minnesota customers until the MPUC makes a final determination on the

electric utility's request, which is expected by August 1, 2008. If

final rates are lower than interim rates, the electric utility will

refund Minnesota customers the difference with interest.

-- Certain costs currently included in the Fuel Clause Adjustment (FCA) in

retail rates may be excluded from recovery through the FCA but may be

subject to recovery through rates established in a general rate case.

Further, all, or portions of, gross margins on asset-based wholesale

electric sales may become subject to refund through the FCA as a result

of a general rate case.

-- Weather conditions or changes in weather patterns can adversely affect

the corporation's operations and revenues.

-- Electric wholesale margins could be further reduced as the Midwest

Independent Transmission System Operato
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SOURCE Otter Tail Corporation Copyright©2007 PR Newswire. All rights reserved

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