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Fuel Charge Pushes TVA Rate Jump To Double Digits

KNOXVILLE, Tenn. (AP) - Electric prices will be going up by
double digits in April for consumers receiving Tennessee Valley
Authority power.
The federal utility announced Wednesday a fuel adjustment charge
of a half penny per kilowatt hour for the third quarter that begins
April 1.
The charge will cover fuel price increases and the cost of
electricity purchased from outside the TVA system to meet peak
power demand. It is adjusted every three months.
The latest fuel charge will mean about $2 to $5 more per month
for the average residential consumer, or about a 5 percent
increase.
That will be along with a 7 percent general electric rate
increase approved by TVA directors on Friday. That increase, also
set to take effect April 1, will mean $4 to $7 more a month for
residential customers.
The total impact: a jump of about 12 percent per month, or about
$6 to $12.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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