TVA board approves October rate increase

News

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    TVA board approves October rate increase

    On Thursday, Aug. 18, the Tennessee Valley Authority board of directors approved a wholesale rate increase that took effect on Oct. 1. The average cooperative residential member (using 1,000 kilowatt-hours per month) saw a $1.60 increase on monthly electric bills. TVA is raising electric rates to meet the power requirements in the Valley, make nuclear safety modifications following the earthquake in Japan, improve cybersecurity and continue investing in clean-air initiatives and energy efficiency. “These strategic investments are key to providing reliable, low-cost electricity now and into the future while being responsible stewards of Tennessee Valley resources,” said Tom Kilgore, TVA […]

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    Shutterbug contest winners

    Portrait photography can be difficult. More than a mere snapshot of a person you know, an effective portrait provides a window into the subject’s soul, giving viewers a more complete idea – beyond just physical characteristics – of just who that subject is. As with all of our Shutterbug Photography Contests, judging the entries in our “Portraits” competition was difficult, and there was no shortage of interesting, inspiring and downright entertaining entries – more than 1,100 were submitted. The judges thoroughly enjoyed “meeting” your parents, grandparents, children, friends, significant others and even pets and learning so much about these subjects […]

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    October

    Download the October template. TVA board approves October rate increase On Monday, Aug. 8, the Tennessee Valley Authority board met in Knoxville. During this meeting, directors approved a $12 billion budget that includes the completion of the Bellefonte Nuclear Plant in Alabama and a $234 million wholesale rate increase. To the average [Cooperative Name] residential member (using 1,500 kilowatt-hours per month), this will result in an average increase of $1.60 to the monthly electric bills. Wholesale power is the largest expense for [Cooperative Name]. In 2010, we paid TVA more than [wholesale power cost for energy]. On average, [percentage] percent […]

  • Hickman County

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    Commitment to Community

    Meriwether Lewis Electric Cooperative recently made a $3,000 contribution to the Hickman County Economic Development Association. The association coordinates efforts between utilities, government and other organizations to create jobs, recruit investment and implement other economic and community development strategies. “One of our core values is commitment to community,” says MLEC President and CEO Hal Womble. “Supporting organizations such as these is one way we can put that commitment into action and enhance local vitality and growth for the members we serve.” “When we can help with the creation and retention of jobs and community improvements, it fosters an improved economic […]

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    Copper Theft

    The price of copper has skyrocketed in recent years. Scrap copper is selling for five times the amount it went for just 10 years ago. Electric cooperatives in Tennessee use large quantities of copper and have been particularly hard hit by thieves. Cooper theft can severely damage a cooperative’s electric system and poses a serious safety threat for thieves as well as electric cooperative members and employees. “The value of a few hundred dollars of scrap copper wire is certainly not worth someone losing their life,” said Duck River Electric Membership Corporation Safety Coordinator, Troy Crowell. Recently, the DREMC service […]

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    TVA Rate Change Resources

    TECA has developed the following news story for member systems to customize and use. On Aug. 8, the Tennessee Valley Authority board of directors approved a wholesale rate increase that will take effect on Oct. 1.  The average Cooperative Name residential member (1500kWh/month) will see a $1.60 increase on their monthly electric bill. TVA is raising electric rates to meet the power requirements in the Valley, make nuclear safety modifications following the earthquake in Japan, improve cyber-security and continue investing in clean-air initiatives and energy efficiency. “These strategic investments are key to providing reliable, low-cost electricity now and into the […]

  • Tom Purkey serves as Executive Vice President and General Manager for the Tennessee Electric Cooperative Association.

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    The people are the co-op

    by Tom Purkey, Executive Vice President and General Manager for the Tennessee Electric Cooperative Association I’m no psychologist, but I know that it’s important in this world of ups and downs to find the positive things in your life and focus on them rather than allowing the negative issues to control your thoughts. In our business of providing safe, reliable and affordable electric service to rural electric cooperative members, it’s easy to get overwhelmed by the many complex issues facing the energy industry: How do we reduce carbon dioxide emissions into our atmosphere? Is it feasible to collect these emissions […]

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    TVA buys Magnolia gas plant

    by Pam Sohn, Chattanooga Times Free Press TVA finalized its purchase of the Magnolia Combined Cycle Gas Plant in northern Mississippi on Wednesday, paying $436 million for what will be the utility’s biggest gas-fired power plant. “At less than half the cost of new construction, the fully permitted Magnolia plant will be a cost-effective addition to the TVA system,” Bob Irvin, senior vice president for TVA Strategy & Planning, said in announcing the purchase. Combined-cycle gas plants generate electricity from gas turbines as well as from one or more generators powered by steam heated by the turbines’ exhaust. The three-unit […]

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