Friday, November 2, 2012

Associated Press Modified: November 2, 2012 at 9:15 pm •  Published: November 2, 2012
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Romney running mate Paul Ryan visits Minneapolis Sunday. Clinton is slated to visit St. Cloud.

The state last backed a Republican for president in 1972.

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ST. PAUL, Minn. (AP) — Xcel Energy is asking Minnesota regulators for a 10.7 percent increase in electric rates.

The Minneapolis-based utility says it needs $285 million in extra revenue to pay for investments in nuclear power plants and a stronger grid.

Xcel says the increase for a typical residential customer would be about 12 percent or $9 on a monthly bill. Small businesses would see a 10.6 percent increase, and large businesses would pay 9.5 percent more.

The Minnesota Public Utilities Commission will review the request. The Star Tribune (http://bit.ly/PrZyYmhttp://bit.ly/PrZyYm ) reports Xcel asked for an interim rate increase Jan. 1.

In a statement, Judy Poferl, president and CEO of Xcel's Minnesota region, says the company has been investing more than $1 billion a year to meet customers' expectations for safe, reliable and clean electricity.

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ST. PAUL, Minn. (AP) — Minnesota Attorney General Lori Swanson is suing a coin dealer for allegedly charging customers for gold and silver coins she failed to deliver.

Swanson filed the lawsuit Friday in Ramsey County against Tiffany Grady of St. Paul, who does business as The Stella Group.

The lawsuit alleges Grady and her business violated state consumer fraud and deceptive trade practices laws.

One allegation is that an 82-year-old woman received an unsolicited call from The Stella Group, which persuaded her to pay $12,000 for 10 coins in May. The woman later was admitted to a nursing home, and the coins were never delivered.

Swanson plans to seek a court order next week to stop Grady from doing business pending trial.