Otter Tail in Middle of Political Scandal

Otter Tail in Middle of Political Scandal

Timing could not be worse as Otter Tail finds itself in the middle of a recent scandal.

Otter Tail recently contributed $2500 for the recent Energy Conference. The Argus Leader reports in many states such activities violate state law. The South Dakota PUC claims no South Dakota law were broken.

Otter Tail is in the middle of obtaining appropriate permits for the building of Big Stone II.

For the full article see http://www.argusleader.com/article/20090517/NEWS/905170329/Utilities+paid+for+PUC+event&referrer=FRONTPAGECAROUSEL

Interesting, I wonder if it will affect there stock at all.

OTTR

There is a lot more to otter tail then just the power company.

Otter Tail Corporation Companies

Did you know Bill Gates owns a huge portion of the company?

Quote :

Otter Tail Corp. (NASDAQ: OTTR) - Value $88,455,000/Shares 2,556,499

Think I read it was something like 10% he owns.

Here is what Cramer had to say about Otter Tail in April of 2008.

Quote :

His favorite play on wind power is Otter Tail Corp. (NASDAQ: OTTR) that is a boring utility serving in the Dakotas and Minnesota that owns a wind construction company called "DMI" with huge growth the entire worth of the company.

If it's good enough for Bill Gates, it's good enough for me.