EVANSVILLE, Ind. - One of Indiana's largest natural-gas utilities is selling its coal-mining subsidiary to a southern Indiana-based coal-mining company, putting more than 800 coal miners' jobs at risk.
Evansville-based Vectren Corp. officials announced Tuesday that they're selling Vectren Fuels to Sunrise Coal LLC for $296 million, with capital adjustments not to exceed $325 million. The sale is expected to be finalized later this year with Sunrise Coal, a subsidiary of Hollador Energy Company.
The Evansville Courier & Press reports that Vectren Fuels owns three coal mines in southwestern Indiana that employ nearly 850 coal miners.
Those coal-mining jobs are not guaranteed after the sale is finalized, but Vectren notes that Sunrise Coal will start the hiring process soon and that all miners currently employed will be considered for hire.
Pedestrian killed in crash on I-865 in Boone Co.
BOONE COUNTY: Pedestrian killed in early morning crash in the westbound lanes of I-865 in Boone County.
1 killed, 1 hurt in east-side shooting
One person was killed and another person was injured in a shooting late Friday on the city's east side.
Richmond Hill resident strikes back at cancer
Richmond Hill resident Glenn Olvey has overcome a lot of struggles since losing his home in the explosion that fateful November night in 2012.
3 hospitalized after neighborhood shootout
A dispute between neighbors in Anderson turned into a shootout involving police Friday afternoon, sending three people to the hospital.
Mom heartbroken waiting for co. to return videos
A Brownsburg mom is heartbroken after she shipped off her family videos to get digitized, but never got them back, Call 6 Investigator Kara…