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.
Top Posts & Pages
- A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans
- Analyst: KiOR Columbus plant may end up sold as scrap
- Warden who lives hundreds of miles from jail resigns
- Ex-MDEQ leader Fisher joins Butler Snow
- Jail kitchen supervisor pleads guilty to stealing food
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Hunting-weapons legislation passes House
- Nehi Bottling Company has been a Cleveland fixture for 85 years