TVA reducing bills due to drop in fuel costs
NORTH MISSISSIPPI — The Tennessee Valley Authority’s fuel cost will drop in February and reduce bills by about $1.50 for residential customers.
A TVA statement said the reduction will range from $1 to $2, based on usage.
The 1.5 percent decrease stems from a projection of milder weather. Knoxville-based TVA adjusts its fuel costs based on what it pays for coal, natural gas, reactor fuel and electricity supplied by other utilities.
The decrease follows a 1 percent monthly increase in TVA’s fuel cost for January. The fuel costs have increased by 16.8 percent since January 2009.
TVA supplies power to nearly 9 million people in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Molpus closes Fund after more than $662M in commitments
- Realtors chooses Nita Wingard
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- No debate, but Cochran and Childers lobby for votes for Senate
- Entergy agrees to cut $35M from its new rate plan
- Politics of paying for transportation: Hand wringing and a lot of talk
- MSU reminding fans that drones are prohibited at football games
- Ford Foundation gives to UM for new science building
- Kemper County plant will cost at least another $496M to complete