construction businesses is $77 million for 2008 compared with
$74 million for the same period one year ago.
-- Corporate general and administrative costs are expected to increase in
Risk Factors and Forward-Looking Statements that Could Affect Future Results
The information in this release includes certain forward-looking
information, including 2008 expectations, made under the Safe Harbor
provisions 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
-- 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.
-- Actions by the regulators of the electric segment could result in rate
reductions, lower revenues and earnings or delays in recovering capital
-- 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%, which went
into effect on November 30, 2007. 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 in
|SOURCE Otter Tail Corporation|
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