Thursday, June 17, 2010

TVA rate increase could add $4 to utility bills

June 17, 2010

The Tennessee Valley Authority is raising rates for a fifth straight month due to higher fuel costs, adding up to $4 a month for residential customers.

Compared with June, the July fuel cost adjustment will increase monthly residential bills between $1.50 and $4, depending on usage.

The utility said in an online statement that the higher rate also reflects projected increased generation to meet summer demand.

TVA has nearly 9 million consumers in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.


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