TVA customers to pay less for power in October
NORTH MISSISSIPPI — Tennessee Valley Authority ratepayers in October will get a break from lower fuel costs, with average residential bills expected to drop by as much as $3.50.
Despite a 2 percent increase in the utility’s base rate starting next month, a TVA statement yesterday said a projected reduction in demand for power and coal-fired generation will actually reduce customer bills.
Compared with September, the combined effects of the higher base rate and the decrease in total monthly fuel costs will mean an average decrease of $1.50 to $3.50, depending on usage.
The statement said average wholesale rates in October will be lower than they have been since June.
TVA supplies power to about nine million people in Tennessee, Kentucky, Alabama, Mississippi, Georgia, North Carolina and Virginia.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Deal for Jackson-Orlando flights in works with Allegiant
- Great River Industries moving headquarters to Natchez
- (UPDATED) Making Jackson-Evers affordable to Allegiant is key to regaining Orlando service
- Congressional delegation applauds Air Force's decision on Keesler, but not satisfied
- Baseball stadium for Farish Street? It’s possible
- The Blues and higher education — Delta State launches the International Delta Blues Project
- County rescinds gun ban; sheriff says lawmakers may 'deal with the consequences'
- Singing River shutting doors on two Coast clinics
- Moon River Foods creating 100 jobs in Mississippi Delta
- Former state lawmaker Green dies at home at age 62