NORTH MISSISSIPPI — The Tennessee Valley Authority (TVA) says its fuel costs are up due to higher demand in colder than normal temperatures and that means monthly residential bills will increase between $2.50 and $5.50.
TVA said in a Feb. 10 statement the increase takes effect in billing periods that begin March 1. The upward fuel cost adjustment is the first since Oct. 2008.
The adjustment is the way TVA manages changing fuel costs and the cost of purchased power. TVA began the fiscal year Oct. 1 with an 8 percent general rate increase.
TVA is the nation’s largest public utility with nearly nine million consumers in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info