NORTH MISSISSIPPI — Tennessee Valley Authority customers paying a sixth straight month of higher fuel cost adjustments in August will see increases ranging between $1 and $2 on typical residential bills.
Adding the 1.5 percent fuel cost in August boosts the total increases since March 1 to more than 20 percent.
A TVA statement says the August increase is primarily due to “substantially higher than expected fuel costs for June caused by much higher than normal temperatures.”
TVA’s statement says about half of its power supply comes from coal, oil and natural gas and when prices of these fuels increase, TVA’s costs increase.
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