A band of heavy rain continues to sink southward into the region. We will have to keep a close eye on this later this evening into tonight. The rest of the forecast remains unchanged with a major winter storm moving in late Wednesday and Thursday.
KNOXVILLE, Tenn. (AP) - Although electric rates just dipped for Tennessee Valley Authority customers, they may not stay down for long.
The nation's largest public utility is facing millions of dollars in new costs from a coal ash spill, an environmental court ruling in North Carolina, investment losses to its corporate retirement fund and a drop in power sales due to the recession.
TVA Chairman Bill Sansom says it all means the agency is facing what he terms "an upward pressure on rates."
Falling fuel prices allowed TVA this week to trim last year's rate increase for the second time, saving customers about $4 to $9 on their monthly power bill.