KNOXVILLE, Tenn. (AP) - A 3.1 percent decrease in the Tennessee
Valley Authority's fuel cost will bring down average residential
electric bills in January by between $2 and $4.
TVA said in a statement on Wednesday that the decrease is
related to hydroelectric generation in November that was almost 30
percent higher than expected. That meant the utility did not have
to rely as much on more expensive sources of electricity. Also
sales were slightly lower than expected.
The decrease follows a 2.8 percent increase in December.
TVA is the nation's largest public utility and supplies power to
about 9 million people in Tennessee, Kentucky, Alabama,
Mississippi, Georgia, North Carolina and Virginia.