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Double-Digit TVA Rate Hike on the Way

By Brian A.
Created Aug 6 2008 - 15:01

Something to look forward to [1]:

The federal utility announced today a double-digit increase in its power rates this fall. The exact increase will be disclosed later this month, but it is expected to be the largest since TVA launched its fuel cost adjustment program in 2006. The program is set up to allow the power provider and its utilities to pass fuel price fluctuations on to customers.

TVA President and CEO Tom Kilgore said Wednesday in a conference call that customers could expect increases in electricity rates similar to those experienced by other utilities nationwide, citing a percentage range in the "mid-teens to mid-20s."

The higher rates will go into effect Oct. 1.

Someone should notify the Congressional Republicans, so they can give speeches before an empty chamber. Undoubtedly, such a protest would drive electricity prices down [2].


Source URL:
http://www.southknoxbubba.net/node/8595