Business

Business
7:13 am
Fri June 7, 2013

Competition Set For KY Wines

Kentucky wineries will put their products to the test at a competition in Louisville this summer. Nationally recognized judges will sample the Bluegrass State wines at the Kentucky Commonwealth Commercial Wine Competition on July 27 in Louisville. The competition is open to wines from licensed Kentucky small-farm wineries. The judges will award gold, silver and bronze medals.

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Business
2:08 pm
Thu June 6, 2013

Honeywell Plant Awaits Final Inspection Before Operations Resume

Honeywell officials are awaiting the Nuclear Regulatory Commission's final approval before resuming normal operations at the Metropolis plant. 

In a letter to employees, Plant Manager Larry Smith says the plant should be ready to resume work this month once an undated final inspection confirms the plant meets safety standards.

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Business
4:05 pm
Wed June 5, 2013

Public Service Commission to Hold Public Meetings for Big Rivers Electric Rate Increase

Credit securitynet.org

The Kentucky Public Service Commission will conduct public hearings in Paducah, Henderson and Owensboro over a proposed rate hike for electric customers who could see their bills increase by nearly 20 percent.

The proposed hike comes as Big Rivers Electric attempts to raise a $74.5 million to fill a budget hole left by its biggest customer, Century Aluminum and pay debt obligations.

The possible 20 percent increase would account for an extra $24 per month for the average customer. Industrial customers would see nearly 17 percent rate increases.

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Business
8:07 am
Wed June 5, 2013

USEC Sues DOE Seeking Funds For Decontamination

Credit http://www.usec.com/gaseous-diffusion/paducah-gdp

The United States Enrichment Corporation is suing the U.S. Department of Energy over 38 million dollars in fees it says is owed for work at its plants in Kentucky and Ohio.  USEC claims the federal government failed to properly reimburse them for work performed under contract at their Paducah and Portsmouth gaseous diffusion plants from 2003 through 2011. 

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Business
7:41 am
Tue June 4, 2013

KY Economic Development Representative In Japan Retiring

Tokyo native Jiro Hashimoto is retiring after 28 years as Kentucky's economic development representative in Japan. Kentucky Governor Steve Beshear called Hashimoto a tireless advocate for Kentuckians, crediting him with securing thousands of jobs and billions of dollars in investments from Japanese companies.

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Business
11:44 am
Fri May 31, 2013

USEC Notifies Employees of Paducah Plant Layoffs

Credit http://www.usec.com/gaseous-diffusion/paducah-gdp

The United States Enrichment Corporation is officially notifying employees at the Paducah Gaseous Diffusion Plant of impending layoffs beginning in August. 

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Coal
5:18 pm
Thu May 30, 2013

Judge Sides with Patriot Coal, Miners Plan Protests

The United Mine Workers of America plan to appeal a court ruling that will significantly cut health care and pension benefits to thousands of workers and retirees, including many in Kentucky.

On Wednesday, U.S. Bankruptcy Judge Kathy Surratt-States approved Peabody Energy Corp. spin-off Patriot Coal’s request to impose wage and benefit cuts by throwing out its collective bargaining agreements with the UMW. Union spokesman Phil Smith says the battle is far from over, however.

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Business
4:16 pm
Thu May 30, 2013

Asian Carp Processing Plant Brings 50 Jobs to Wickliffe

Credit Whitney Jones / WKMS

An Asian carp processing plant opened today in Wickliffe.

The Two Rivers Fishery plans to create 50 jobs, invest more than $2.5 million in the project and add to Kentucky exports.

The plant will blast-freeze processed fish for shipment to South East Asia. The by-products of the invasive fish can also be used in fertilizer. The plant plans to process and sell up to 10,000 pounds of Asian carp per day.

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Business
12:52 pm
Thu May 30, 2013

PACRO Plans to Assist Displaced Plant Workers

Credit http://www.usec.com/gaseous-diffusion/paducah-gdp

The Paducah Area Community Reuse Organization or PACRO is working with union and economic development officials to garner support for soon to be unemployed workers at the Paducah Gaseous Diffusion Plant. USEC announced last week it won't continue it's enriching process at the Department of Energy owned site. 

Purchase Area Development District Special Projects Coordinator Mary-Anne Medlock said workers will soon receive a survey to help understand the plant's demographics to aid in an seeking an emergency grant from the Department of Labor.

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Business
7:40 am
Thu May 30, 2013

Henderson-Based Company Adding 160 Jobs

A Henderson company is expanding its operations there with a $22.8 million investment and 160 new jobs. Gov. Steve Beshear's office says Gibbs Die Casting was established in 1965 and is owned by Koch Enterprises. It operates eight factories for aluminum and magnesium casting, machining, assembly and die building with facilities in Hungary, Brazil and China.

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