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TVA raises base rate; first hike in two years

NORTH MISSISSIPPI — The Tennessee Valley Authority is increasing its base rate by 1.5 percent, the first increase by the nation’s largest public utility in two years. The agency’s board of directors approved the hike and a $10.5 billion fiscal year 2014 budget at its meeting today. The new fiscal year begins Oct. 1. The rate adjustment will add about ...

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