With only two days left in this year's Kentucky General Assembly session, time is running out for supporters of legislation meant to keep two western Kentucky aluminum smelters—which employ about 3,000 people—from closing.
Under state law, the smelters are required to purchase electricity from the nearest company—Big Rivers Electric, in this case. The smelters say lower aluminum prices have them struggling to pay the bills; they're asking for more options for where they get electricity.
Their legislative supporters want to let the smelters purchase electricity on the open market.
Opponents argue that giving the smelters lower rates or open market options would increase prices for the average customer.
Gov. Steve Beshear will lead an international business trade mission to Canada this summer. The trip will be the first-ever trade mission of the Kentucky Export Initiative, and will be aimed at boosting commerce between the Bluegrass State and America’s northern neighbor.
Canada already serves as Kentucky’s number one export destination, with the commonwealth exporting $7.3 billion in products and services there in 2012. That’s more than four times the total goods and services exported to Kentucky’s number two trading partner, Mexico.
The Kentucky trade mission will take place June 4-7 in Toronto.