Ratepayers watching closely as TV board meets to craft budget
by Associated Press
Published: August 16,2012
NORTH MISSISSIPPI — Electricity rates for Tennessee Valley Authority customers in seven states are on the agenda for the utility’s board of directors.
The board meets today in Knoxville and will vote on the budget for the fiscal year that begins Oct. 1.
Part of the financial plan will be deciding whether to raise or lower the price that wholesale power distributors pay TVA for electricity. TVA’s rate actions are usually passed on by the distributors to residential and commercial customers in Tennessee and parts of Alabama, Georgia, Kentucky, Mississippi, North Carolina and Virginia.
TVA increased rates 2 percent last year. It also makes pricing adjustments during the year for fluctuating fuel costs.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- MDA introduces new 'Mississippi Homecoming' tourism ad campaign
- Crowded field lines up for Jackson mayoral election
- MSU Foundation names five new members
- Another fiberhood qualifies for C Spire 1-gigabit Internet service
- Cochran questions nominee concerning Stanford ponzi scheme
- DMR pays accounting firm more than double contract's worth
- George’s Girls put shopping skills to work
- Reactive Surfaces files lawsuit against Toyota in patent dispute
- Following ruling, Entergy to hand over records to county