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Otter Tail Power Co. Adds the Capital Budgeting Solution to Their PowerPlan Solution Suite

Atlanta, GA (April 19, 2012) PowerPlan’s integrated suite of Asset Accounting systems has been in operation at OtterTail Power since 2005 in conjunction with OTP’s Oracle ERP system.  Now with Otter Tail's plans to invest $730 million between 2012 and 2016 in generation and transmission projects they needed a robust capital budgeting solution. Their accounting team selected PowerPlan’s Capital Budgeting solution to provide best practices and tracking tools that increase efficiencies and lower cost of ownership as they execute these expenditures.

About Otter Tail:
Otter Tail Power Company, a division of Otter Tail Corporation (Nasdaq: OTTR), is headquartered in Fergus Falls, Minnesota. It provides electricity and energy services to more than a quarter million people in Minnesota, North Dakota, and South Dakota. Otter Tail Corporation is a growing company with over $880 million in revenues and more than 3,500 employees. Otter Tail Corporation was established in 1907 as an electric utility. Today it is a diversified corporation with interests in the electric, health services, manufacturing, plastics, and other businesses. Otter Tail's operating companies collectively serve customers within 50 states and in Canada. 

About PowerPlan: PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email info@powerplan.com or visit www.powerplan.com.

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For more information contact:
Tiffany Smith
678.223.2711
pr@powerplan.com

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