Credit. This tax credit is scheduled to expire on December 31, 2008.
Should this tax credit not be renewed, the revenues and earnings of
this business could be reduced.
-- Federal and state environmental regulation could cause the corporation
to incur substantial capital expenditures which could result in
increased operating costs.
-- Existing or new laws or regulations addressing climate change or
reductions of greenhouse gas emissions by federal or state authorities,
such as mandated levels of renewable generation or mandatory reductions
in carbon dioxide (CO2) emission levels or taxes on CO2 emissions, that
result in increases in electric service costs could negatively impact
the corporation's net income, financial position and operating cash
flows if such costs cannot be recovered through rates granted by
ratemaking authorities in the states where the electric utility
provides service or through increased market prices for electricity.
-- The corporation's plans to grow and diversify through acquisitions and
capital projects may not be successful and could result in poor
-- The corporation's ability to own and expand its nonelectric businesses
could be limited by state law.
-- Competition is a factor in all of the corporation's businesses.
-- Economic uncertainty could have a negative impact on the corporation's
future revenues and earnings.
-- Volatile financial markets and changes in the corporation's debt rating
could restrict the corporation's ability to access capital and could
increase borrowing costs and pension plan expenses.
-- The price and availability of raw materials could affect the revenue
and earnings of the corporation's manufacturing segment.
-- The corporation's
|SOURCE Otter Tail Corporation|
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