5.41%, which is part of the rate case filed with the Minnesota Public
Utilities Commission (MPUC). These interim rates remain in effect for
all Minnesota customers until the MPUC makes a final determination on
the electric utility's request, which is expected to occur by August 1,
2008. If final rates are lower than interim rates, the electric utility
will refund customers the difference with interest. If final rates are
higher than interim rates, the higher rates will become effective as of
the date of the MPUC Order approving those rates.
-- The corporation expects the plastics segment's 2008 performance to be
at or below normal levels. Announced capacity expansions are not
expected to come on line until the fourth quarter of 2008.
-- Increased capacity and productivity related to recent expansions and
acquisitions, and the start-up of DMI's wind tower manufacturing plant
in Tulsa, Oklahoma in 2008, are expected to result in increased levels
of net income in the manufacturing segment in 2008. Backlog in place in
the manufacturing segment to support 2008 revenues is approximately
$295 million compared with $241 million one year ago. The wind energy
tower manufacturing business accounts for a substantial portion of the
-- The health services segment expects improvement in net income in 2008
as it focuses on improving its mix of imaging assets and asset
-- The corporation expects its food ingredient processing business to have
increased net income due to higher operating margins in 2008. This
business has backlog in place for 2008 of 51.5 million pounds compared
with 52.8 million pounds one year ago.
-- The other business operations segment is expected to have higher
|SOURCE Otter Tail Corporation|
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