AGP Executive Report
Last update: 35 minutes agoHealth Care: More than one in four Minnesota hospitals lost money on operations in 2024, and rising costs are forcing some rural providers to cut services, according to a new report warning of a statewide care crisis. Corporate Costs: St. Paul-based 3M agreed to pay up to $7.35 billion over nine years to settle PFAS contamination claims from as many as 120,000 people; the company did not admit liability. Utilities: Regulators approved a 4.8% Xcel Energy rate increase, below the 8.2% sought, and customers who paid higher temporary rates will receive refunds. Minnesota Power separately seeks a 17.8% hike affecting about 150,000 customers. Commercial Real Estate: Twin Cities industrial leasing hit a two-year high, with large deals driving demand. Seasonal Economy: Minnesota’s firearms deer season generates an estimated $500 million in direct annual economic activity, with about 400,000 hunters taking part.
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