TVA board approves October rate increase

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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 […]