PADUCAH, Ky. (AP) -- GE-Hitachi has submitted a proposal for the beleaguered Paducah Gaseous Diffusion Plant that could help preserve many of the 1,200 jobs there.

The plant had been scheduled to close last year, but a deal reached in May kept it open for another year. It currently is enriching depleted uranium for the Tennessee Valley Authority and for a Washington state utility called Energy Northwest.

The Paducah Sun reports GE-Hitachi is proposing to build a new laser-based uranium enrichment plant at the site.

Earlier this month, the Department of Energy posted a formal document seeking proposals for the plant and its uranium inventory.

Chad Chancellor, president of Paducah Economic Development, said the project has the potential to be one of the larger employers in the region.