TVA Hikes Rate 8%, Cuts Fuel Charge

Knoxville, TN – The Tennessee Valley Authority board has voted to raise the basic power rate eight percent effective October 1st. The increase in the basic rate will add $5.52 monthly to the average household's bill. Officials, however, expect to cut the fuel adjustment charge for October, resulting in a savings of nearly $2 for the average residential bill - a reduction from $66.61 to $64.77.