TVA’s fuel adjustment cost to drop in April
NORTH MISSISSIPPI — The Tennessee Valley Authority’s monthly fuel cost adjustment will drop by up to $2 for average home customers in the April billing due partly to an accounting change.
TVA in a statement March 15 said the newly named total monthly fuel cost reflects a 1.2 percent decline in the utility’s total average wholesale price per kilowatt hour, compared with the March billing.
The decline stems partly from TVA changing to calendar-month sales in its fuel accounts.
Effective April 1, TVA is also changing its 19-year-old rate structure to promote energy efficiency and reduce peak power demand.
Decisions about customer rates from that change are being made by the utility’s 155 distributors that supply power in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.
Source: The Associated Press
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
- Study: Mississippi has highest sales tax rate in U.S.
- Prescription for success — Transcript Pharmacy continues fast growth
- New law on taxing methods hailed as big win for businesses
- Panther Creek megasite — Putting a value proposition out there
- Panther Creek's location in medical industry zone boosts bio-med prospects
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Counties ‘hoping to get it right’ as they await Tuscaloosa Marine shale boom
- News The Way You Want It!
- MSU researchers develop timber-management software