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Thursday A.M. Report

Agreement reached in Petters asset recovery, HickoryTech to build $24M broadband network, and Clipper Windpower to build turbine for UMore Park in Rosemount.

Agreement reached in Petters asset recovery: Federal prosecutors and the court-appointed receiver in the Tom Petters fraud case have agreed to work together to bird-dog assets and repay victims, according to new court filings. The pact, filed Wednesday, seeks to coordinate the actions in parallel, complex cases and avoid legal fights between the former businessman’s victims and creditors that would delay the process and eat away at the funds available to spread around. Read full story

HickoryTech to build $24 million broadband network: Mankato-based HickoryTech Corp. has received $16.8 million in federal stimulus grants to extend its broadband network across more rural Minnesota communities, the company said Wednesday. It will expand the company’s existing 2,800-mile network by 428 miles, connecting community anchor institutions such as health care facilities, state and local government offices and educational institutions. Read full story

Clipper Windpower to build turbine for UMore Park in Rosemount: The University of Minnesota’s UMore Park in Rosemount is getting a new focal point: a 2.5-megawatt wind turbine made by Clipper Windpower slated for completion in December of this year. Sponsored by the Minnesota Wind Energy Research Consortium, the initiative is one of several academia- and industry-led movements working to move the United States  closer to the Department of Energy’s goal of achieving 20 percent wind power by 2030. Read full story