Associated Press: Gov. Phil Bredesen’s timetable is about to run out for what he has billed as a “major” commercial investment related to Tennessee’s biofuels program. Bredesen had touted the potential investment after a Republican-controlled legislative panel raised concerns about Tennessee’s involvement in the biofuel initiative last month. The Democratic governor warned that the panel’s hesitation over an $11 million contract could jeopardize the related investment. Lawmakers relented a week …