localbrfs092608
On the homepage
Health care
Out There
Sunday's paper
Access Vikings
Auditor says Excelsior loan oversight weak
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
More from Business
Auditor says Excelsior loan oversight weak
Minnesota's Office of the Legislative Auditor, in response to a citizen's complaint, concluded in a report Thursday that an Iron Range development agency did not adequately oversee the use of loans to Excelsior Energy Inc., developers of the proposed Mesaba coal-gasification plant on the range. The report said Excelsior apparently misused at least $40,000 of the $9.5 million in loans from Iron Range Resources, a state agency established to diversify the region's taconite-based economy.
Recent Business stories
Holiday travelers waited longer to book this year, if they're traveling at all - September 26, 2008
Holiday travelers waited longer to book this year, if they're traveling at all - Holiday travelers waited a little longer to book their flights this year, likely holding out for better deals and waiting to see if they would still have a job. And some aren't going at all. More
Blog: Patent Pending
Lights out at U energy conference. Irony police notified.
Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.
Comment on this story | Be the first to comment | Hide reader comments