Otter Tail Corporation

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Otter Tail CorporationM, Is A Well-Researched Topic, It Is To Be Used As A Guide Or Framework For Your Research.

DESCRIPTION

Otter Tail Corporation, a publicly traded company that trades on the NASDAQ under OTTR, was founded 1907 in Fergus Falls, Minnesota, to transmit power to customers of Northern Light Electric Company in Wahpeton, North Dakota. George Wright, the founder of Fergus Falls, incorporated Otter Tail Power Company along with three other investors and began building the Dayton Hollow Dam at a cost of USD 100,000. Otter Tail Corporation now has headquarters in Fergus Falls, Minnesota and Fargo, North Dakota.

In 1912, Otter Tail Corporation merged with Northern Light Electric Company, and by 1919, the company’s electric system covered 2,000 square miles in 44 towns. By 1944, they reached maximum territorial size at the time serving 496 communities.

Otter Tail Corporation is the parent company of five subsidiaries, employing approximately 2,300 full time employees. Otter Tail Power Company, based out of Fergus Falls, Minnesota is the main subsidiary of Otter Tail Corporation. They provide electricity and energy services to more than a quarter million people in Minnesota, North Dakota and South Dakota. Otter Tail Power is the only subsidiary in the Electric segment. BTD Manufacturing, Inc. provides metal fabrication services for custom machine parts and metal components. BTD, formed in 1995 in Detroit Lakes, Minnesota, is the largest subsidiary employing 1,200 employees. The other subsidiary in the Manufacturing segment is T.O. Plastics, based out of Clearwater, Minnesota. T.O. Plastics, formed in 2001, manufactures extruded and thermoformed plastic products

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Author

Heather Strese

No of Pages

28

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YES

Format

PDF

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