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.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Baseball stadium for Farish Street? It’s possible
- White House hotel making comeback in Biloxi
- Guns OK inside Mississippi polling places, attorney general says
- Supreme Court deals blow to McDaniel's election challenge
- State GOP chairman calls on McDaniel to hurry with challenge
- McCarthy hired as CFO of Mississippi Development Authority
- Deal for daily Jackson-Orlando flight in works with Allegiant
- 'Get on Up' movie premiers in Madison with Chadwick Boseman and Tate Taylor walking the red carpet
- Explosion at Coast fish plant leaves one dead, three injured
- Former Gov. Musgrove pushing lawsuit to school districts