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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Judge gets more time to fight efforts to remove him from office
- Voters to decide whether hunting, fishing is constitutional right
- Coast cleanup nets 1,600 bags of trash — and a watermelon patch
- MARTIN WILLOUGHBY: Andrew Adams helps grow Addicus
- State's bad bridges continue to raise concerns among officials
- Number of visitors to Natchez Trace makes big jump
- MISSISSIPPI RISING: Time to sell the image
- Epidemiologist: State's hospitals can identify, isolate Ebola cases
- C Spire wins national award, cash prize for marketing analytics