TVA rates to drop again from fuel cost adjustment

KNOXVILLE, Tenn. (AP) - Rates for Tennessee Valley Authority
residential customers will drop between $1 and $3 in the billing
period that starts Jan. 1 due to another reduction in fuel costs.

The change reflects more hydroelectric generation because of
rain and a reduction in projected future costs.

TVA began the fiscal year Oct. 1 with an 8 percent general rate
increase but because of reduced fuel adjustment costs, customers are still paying less than a year ago.

There have been five drops in the fuel cost adjustment cost this
year.

TVA uses the fuel cost adjustment to help recover fluctuating
fuel and purchased power costs.

TVA is the nation's largest public utility with nearly 9 million
customers in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 79228857 - wtvy.com/a?a=79228857
Gray Television, Inc.