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

9 Months Ended

Sep. 30, 2020

Notes Tables

Schedule of Line of Credit Facilities [Table Text Block]

(in thousands)		Line Limit				In Use on September 30, 2020				Restricted due to Outstanding Letters of Credit				Available on September 30, 2020				Available on December 31, 2019
Otter Tail Corporation Credit Agreement		$	170,000			$	48,600			$	-			$	121,400			$	164,000
OTP Credit Agreement			170,000				-				7,670				162,330				154,524
Total		$	340,000			$	48,600			$	7,670			$	283,730			$	318,524

Schedule of Debt [Table Text Block]

September 30, 2020 (in thousands)		OTP				Otter Tail Corporation				Consolidated
Short-Term Debt		$	-			$	48,600			$	48,600
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 3.22%, Series 2020B, due August 20, 20301			40,000								40,000
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							215				215
Total		$	687,000			$	80,215			$	767,215
Less: Current Maturities net of Unamortized Debt Issuance Costs			-				215				215
Unamortized Long-Term Debt Issuance Costs			2,408				318				2,726
Total Long-Term Debt net of Unamortized Debt Issuance Costs		$	684,592			$	79,682			$	764,274
Total Short-Term and Long-Term Debt (with current maturities)		$	684,592			$	128,497			$	813,089
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

X

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+ 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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