energy

Government
2:56 pm
Wed March 14, 2012

Report Urges Policymakers to Consider Long-Term Sustainability of Coal Severance Fund

State lawmakers are considering a bill that would designate some coal severance tax money to scholarships for coalfields residents; the measure has already passed the House. But a report by a non-profit group warns that Kentucky needs to think about the long-term future of the state’s coal severance fund. Coal producers pay a tax of four and a half percent value of coal that’s sold into the state’s coal severance fund. Half of that money goes to Kentucky’s general fund, and the other half goes to various programs in coal-producing counties.

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Government
7:11 am
Wed February 15, 2012

Beshear intercedes on behalf of Paducah plant

Kentucky Governor Steve Beshear has joined with members of the Commonwealth's congressional delegation to press the US Department of Energy to offer a plan for the future of Paducah's government-owned nuclear enrichment plant.  The plant could cease operations later this year, eliminating about 1,200 jobs.  Beshear sent a letter to Energy Secretary Steven Chu Monday, saying lack of action by the DOE is putting a major economic engine in western Kentucky at risk.  Beshear's letter came days after Republican Senate Leader Mitch McConnell, Senator Rand Paul and Representative Ed Whitfield call

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