Business

Business
11:15 am
Fri March 29, 2013

JPEC to Increase Electric Rates $20 in August

Credit www.wikipedia.com

Jackson Purchase Energy Cooperative residential customers can expect an approximate $20 monthly increase in August. But that money won’t be going to JPEC.

The cooperative’s president and CEO Kelly Nuckols said the extra revenue is going straight to Big Rivers Electric. JPEC buys its electricity from Big Rivers, which is losing almost half its revenue in August with the closure of the Century Aluminum smelter. Nuckols said he wants to inform customers as early as possible of the rate increase.

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Business
7:38 am
Fri March 29, 2013

Paducah Introduces Ordinance For New Business

Credit paducahtransit.com

Paducah’s Mayor and Commissioners introduced an ordinance Thursday for a memorandum of understanding between Macco Organiques, Inc., the Greater Paducah Economic Development Council, the Paducah-McCracken County Industrial Development Authority, the City of Paducah, and McCracken County. Macco wants to locate a manufacturing and distribution facility for food-grade pharmaceuticals in the city’s spec building.

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Business
4:12 pm
Thu March 28, 2013

Helping Local Innovators Access Federal Finance Assistance

Loretta Daniel directs the Innovation and Commercialization Center at Murray State. Seminars in Murray and Hopkinsville this week provide innovators wanting to start small businesses access to federal financial assistance, and it is less complicated than it sounds, because lots of help is provided. She spoke with Kate in the studio during Sounds Good.

Business
8:40 am
Tue March 26, 2013

Allison Leaving Murray-Calloway County Chamber Of Commerce

Murray-Calloway County Chamber of Commerce President Lance Allison is leaving his current post to be the next Panama City Beach Chamber of Commerce President. Allison is a lifelong Murray resident. He assumes his new post May 1st. 

In a press release the Murray Calloway County Chamber of Commerce says the organization is both excited and saddened by Allison’s new position. 

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Business
8:06 am
Mon March 25, 2013

Barkley Airport Officials Hopeful Tower Closure Is Only Temporary

Credit Barkley Regional Airport

In spite of the imminent closure of Barkley Regional Airport’s tower, officials there remain hopeful that the shutdown is a temporary setback. The Federal Aviation Administration has slated Barkley’s tower, along with one hundred and twenty three others around the country, for closure April 7th. 

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Business
7:48 am
Fri March 22, 2013

Teletech Expands In Paducah

Kentucky Governor Steve Beshear announced yesterday TeleTech Holdings Inc.a global customer service company, is expanding its Kentucky presence with a customer experience center in Paducah, creating 450 new jobs. Last May, TeleTech announced a site opening in Hopkinsville, where the company plans to invest more than $12 million and create 500 to 700 jobs over the next few years.

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Business
12:21 pm
Wed March 20, 2013

USEC Proposes Staying at Paducah Enrichment Plant

Credit Department of Energy

The United States Enrichment Corporation and several other companies have sent proposals to the Department of Energy to continue enriching uranium at the Paducah Gaseous Diffusion Plant. USEC is currently operating at the plant but is scheduled to end its work there May 31. USEC spokesperson Paul Jacobson says the corporation is discussing a several month extension at the plant, but that doesn’t change its statement that the high costs and old technology makes continuing commercial endeavors beyond 2013 difficult.

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Business
3:21 pm
Tue March 19, 2013

Murray Calloway Co. Hospital CEO Talks Financial Trouble, Job Cuts

Last week, Murray Calloway County Hospital announced the elimination of 28 jobs. MCCH CEO Jerry Penner says the cuts are results of a turbulent healthcare environment including low patient volume and declining Medicaid reimbursements. Shelly Baskin speaks with Penner about the details surrounding the cuts, and the financial trouble related to Managed Care Organizations and the Affordable Care Act.

Business
3:29 pm
Mon March 18, 2013

Paducah Power System Public Hearing Tonight for Possible Rate Increase

Credit www.wikipedia.com

Paducah Power System residential customers may have another rate increase starting in April.

PPS spokeswoman Andrea Underwood says the proposed residential 7.5 percent jump would begin April 1. This proposed increase follows a 5 percent November increase. PPS is also proposing another rate increase in April 2014 for its residential customers.

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Business
7:55 am
Mon March 18, 2013

CSX Train Derails In Western Kentucky, No Injuries

Emergency officials say a CSX train derailed in Hopkins County Saturday afternoon blocking a road, but nothing was spilled and no one was injured.  When responders arrived at the scene near Morton’s Gap, they found 14 cars overturned, including one tanker.

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