For third consecutive month, TVA cuts rate
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
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- Molpus closes Fund after more than $662M in commitments
- Kemper County plant will cost at least another $496M to complete
- Cochran calls on EPA for review of Yazoo Backwater Project
- State Sen. Gandy hospitalized in South America
- Camgian launches Internet of Things product called Egburt
- Number of requests for general election absentee ballots roughly same as primary
- After string of losses, O'Hara sees himself as Senate 'protest vote'
- Former Mississippi First Lady Carroll Waller dies at 87