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Note 10 - Short-term and Long-term Borrowings (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Schedule of Line of Credit Facilities [Table Text Block]

(in thousands)		Line Limit				In Use on June 30, 2020				Restricted due to Outstanding Letters of Credit				Available on June 30, 2020				Available on December 31, 2019
Otter Tail Corporation Credit Agreement		$	170,000			$	41,239			$	-			$	128,761			$	164,000
OTP Credit Agreement			170,000				-				7,670				162,330				154,524
Total		$	340,000			$	41,239			$	7,670			$	291,091			$	318,524

Schedule of Debt [Table Text Block]

June 30, 2020 (in thousands)		OTP				Otter Tail Corporation				Consolidated
Short-Term Debt		$	-			$	41,239			$	41,239
Long-Term Debt:
3.55% Guaranteed Senior Notes, due December 15, 2026						$	80,000			$	80,000
Senior Unsecured Notes 4.63%, Series 2011A, due December 1, 2021		$	140,000								140,000
Senior Unsecured Notes 6.15%, Series 2007B, due August 20, 2022			30,000								30,000
Senior Unsecured Notes 6.37%, Series 2007C, due August 20, 2027			42,000								42,000
Senior Unsecured Notes 4.68%, Series 2013A, due February 27, 2029			60,000								60,000
Senior Unsecured Notes 3.07%, Series 2019A, due October 10, 20291			10,000								10,000
Senior Unsecured Notes 3.22%, Series 2020A, due February 25, 2030			10,000								10,000
Senior Unsecured Notes 6.47%, Series 2007D, due August 20, 2037			50,000								50,000
Senior Unsecured Notes 3.52%, Series 2019B, due October 10, 2039			26,000								26,000
Senior Unsecured Notes 3.62%. Series 2020C, due February 25, 2040			10,000								10,000
Senior Unsecured Notes 5.47%, Series 2013B, due February 27, 2044			90,000								90,000
Senior Unsecured Notes 4.07%, Series 2018A, due February 7, 2048			100,000								100,000
Senior Unsecured Notes 3.82%, Series 2019C, due October 10, 2049			64,000								64,000
Senior Unsecured Notes 3.92%, Series 2020D, due February 25, 2050			15,000								15,000
PACE Note, 2.54%, due March 18, 2021							261				261
Total		$	647,000			$	80,261			$	727,261
Less: Current Maturities net of Unamortized Debt Issuance Costs			-				261				261
Unamortized Long-Term Debt Issuance Costs			2,281				330				2,611
Total Long-Term Debt net of Unamortized Debt Issuance Costs		$	644,719			$	79,670			$	724,389
Total Short-Term and Long-Term Debt (with current maturities)		$	644,719			$	121,170			$	765,889
December 31, 2019 (in thousands)
Short-Term Debt		$	-			$	6,000			$	6,000
Long-Term Debt:
3.55% Guaranteed Senior Notes, due December 15, 2026						$	80,000			$	80,000
Senior Unsecured Notes 4.63%, Series 2011A, due December 1, 2021		$	140,000								140,000
Senior Unsecured Notes 6.15%, Series 2007B, due August 20, 2022			30,000								30,000
Senior Unsecured Notes 6.37%, Series 2007C, due August 20, 2027			42,000								42,000
Senior Unsecured Notes 4.68%, Series 2013A, due February 27, 2029			60,000								60,000
Senior Unsecured Notes 3.07%, Series 2019A, due October 10, 20291			10,000								10,000
Senior Unsecured Notes 6.47%, Series 2007D, due August 20, 2037			50,000								50,000
Senior Unsecured Notes 3.52%, Series 2019B, due October 10, 2039			26,000								26,000
Senior Unsecured Notes 5.47%, Series 2013B, due February 27, 2044			90,000								90,000
Senior Unsecured Notes 4.07%, Series 2018A, due February 7, 2048			100,000								100,000
Senior Unsecured Notes 3.82%, Series 2019C, due October 10, 2049			64,000								64,000
PACE Note, 2.54%, due March 18, 2021							351				351
Total		$	612,000			$	80,351			$	692,351
Less: Current Maturities net of Unamortized Debt Issuance Costs			-				183				183
Unamortized Long-Term Debt Issuance Costs			2,231				356				2,587
Total Long-Term Debt net of Unamortized Debt Issuance Costs		$	609,769			$	79,812			$	689,581
Total Short-Term and Long-Term Debt (with current maturities)		$	609,769			$	85,995			$	695,764

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

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