For third consecutive month, TVA cuts rate
by Associated Press
Published: October 17,2011
NORTH MISSISSIPPI — Tennessee Valley Authority ratepayers will get another slight decrease because of lower fuel cost in November, with a drop between 50 cents and $1.00 for average residential customers.
TVA said in a statement the third straight monthly reduction is due to significantly lower fuel costs, mild temperatures, reduced demand and increased hydro generation.
The monthly fuel cost is at its lowest point in more than a year following drops of up to $3.50 this month and up to $1.50 in September for average residential customers.
On Oct. 1, the nation’s largest public utility’s rates increased for average residential customers by $1.60 a month.
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.
Top Posts & Pages
- Stabenow, Cochran brace for full Senate vote on Farm Bill
- District at Eastover construction to start later this year
- Counties ‘hoping to get it right’ as they await Tuscaloosa Marine shale boom
- Ex-Northwest Rankin coach David Coates dies before drug trial
- Fervor grows for Tuscaloosa Marine Shale
- Keeping Our Eye On Nathan McNeill
- Forward-thinking power companies transform “disruptions” into opportunities
- OUR VIEW: USM makes right call by calling off tornado relief campaign
- WILLOUGHBY: Rubinsky grows First Class Linen from ground up