Fuel cost adjustment to lower TVA electric bills
Published: December 15,2011
NORTH MISSISSIPPI — A 3.1 percent decrease in the Tennessee Valley Authority’s fuel cost will bring down average residential electric bills in January by between $2 and $4.
TVA said in a statement yesterday that the decrease is related to hydroelectric generation in November that was almost 30 percent higher than expected. That meant the utility did not have to rely as much on more expensive sources of electricity. Also sales were slightly lower than expected.
The decrease follows a 2.8 percent increase in December.
TVA is the nation’s largest public utility and supplies power to about 9 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
- Two BancorpSouth mergers delayed by federal inquiries
- Severstal selling plants, including Severstal Columbus
- Wasted away — Margaritaville in Biloxi to close by Sept. 19
- Moon River Foods creating 100 jobs in Mississippi Delta
- WILLOUGHBY: Broadband Voice founder Gary Watts isn’t afraid to take chances
- Communities awarded national Main Street accreditation
- Police find Attorney General Hood's stolen handgun
- Pickwick Pines settles lawsuit; pays $260K
- MSU sets new annual fundraising record of $106M-plus