TVA power bills heading upward
NORTH MISSISSIPPI — A third straight monthly increase in the Tennessee Valley Authority’s (TVA’s) monthly fuel rate means residential bills will go up by an average of $1, starting in May.
The utility’s fuel cost adjustment for billing periods starting May 1 means residential monthly bills will increase between 50 cents and $1.50, depending on usage levels.
The 1 percent increase follows a 5.9 percent increase in April after a 5.3 percent increase for March.
TVA said in a statement April 12 that a fuel cost adjustment credit that customers have received since October continues to be used up.
About half of TVA’s electricity comes from coal, oil and natural gas.
TVA has nearly nine million consumers in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Silver Airways ordered to continue service
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Bryant signs controversial abortion ban bill
- Soybean yield more than doubles in less than a decade
- Two Delta groups getting economic development funding
- Pharma Pac lays off rest of workers; could end up owing state
- Plans unveiled for large shooting range on Coast
- Ole Miss launches commitment to be 'climate neutral'
- Yarber could be sworn in today as new Jackson mayor
- Biloxi baseball project still alive but may be held for 2015