Kentucky News Now – June 2nd 2014
LOUISVILLE, Ky. (AP) — Kentucky is not seeking to collect a $20 million judgment the state won in court from a now-bankrupt oil company found to have bilked its customers in a drilling scam.
Instead, funds from a court-ordered auction of Young Oil's assets will go to FirstMerit Bank of Akron, Ohio, which holds a $1.7 million claim and is at the head of the line to collect.
Under the settlement, FirstMerit Bank shall take 75 percent of all the proceeds of the auction, with 25 percent going to the company's bankruptcy trustee, Thomas Duddy.
Because the state's claim is unsecured, Kentucky would only collect after all the secured debts are paid off, meaning it would likely receive little, if any, money.
MAYSVILLE, Ky. (AP) — Four days, 400 miles of scenic roadways. And all the yard sale goodies, antiques and collectibles you can carry.
Tables and tents are setting up again along U.S. 68 from Maysville in northeastern Kentucky to Paducah in western Kentucky and venturing off to the south across the Tennessee state line to Puryear and Paris.
Organizers say the sale goes through 60 communities during its run beginning Thursday and continuing through Sunday.
Meanwhile, the Kentucky Transportation Cabinet reminds sellers and motorists to remember traffic safety in congested areas. The cabinet says don't set up sales in rights-of-way because line of sight will be reduced and crashes will be more likely.
And the cabinet also reminds drivers to pay close attention in areas where multiple sales are taking place.
This is the 11th year for the 400 Mile Sale. For more information, visit http://400mile.com .
JEFFERSON CITY, Mo. (AP) — Some states aren't waiting for President Barack Obama to announce tougher air quality standards for coal-fired power plants. They're acting already to potentially soften the effect of those standards.
Several states have passed legislation directing their own environmental agencies to consider the costs of compliance while coming up with carbon dioxide emission policies for individual power plants.
The push against the new federal standards has been strongest in some states that have big coal mines or rely heavily on coal-fired power plants. Lawmakers cite concerns that new federal regulations could drive up the cost of electricity for residents and businesses.
The proposed Environmental Protection Agency rules to be announced Monday would be the first to apply to carbon dioxide emissions from existing power plants.
LEDBETTER, Ky. (AP) — A section of highway in western Kentucky will be named in honor of a sheriff's deputy who died in the line of duty nine years ago.
A ceremony is planned at 10 a.m. CDT Monday at the Ohio Valley Baptist Church parking lot in Ledbetter in Livingston County.
Livingston County Deputy Roger Lynch was 51 years old when he was shot to death June 2, 2005, after responding to a domestic violence report.
The General Assembly directed that a portion of U.S. 60 be named in Lynch's memory.
MAY'S LICK, Ky. (AP) — Work is under way in northern Kentucky to restore the log cabin birthplace of U.S. Army Col. Charles Young, who was among the first blacks to graduate from West Point and went on to a distinguished military career.
The Ledger Independent (http://bit.ly/1jY9l7J ) reports the cabin at May's Lick will be rebuilt once the project is completed in about 90 days.
The cabin is estimated to have been built around 1800, according to University of Kentucky officials, who have been working with Mason County Judge-Executive James L. "Buddy" Gallenstein on the project.
The Mason County Fiscial Court agreed to purchase the 38-acre site for $220,000.
Plans are to establish a museum with artifacts and memorabilia from the time period when Young was born in 1864, through his military career and death in 1922.
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