TVA industrial customers upset over rate hikes - | Chattanooga News, Weather & Sports

TVA industrial customers upset over rate hikes

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KNOXVILLE, Tenn. (AP) - Some Tennessee Valley Authority industrial customers are grumbling about planned changes and rate increases they describe as "worse than ridiculous."

The director of the Southeastern Power Users Group that represents about 72 TVA industrial customers told the Knoxville News Sentinel that planned changes will further drive up rates and steer companies away from Tennessee.

TVA President and CEO Tom Kilgore told the newspaper in response to the complaints in December that industrial rates have risen over the years but are still relatively low.

TVA has increased its monthly fuel cost adjustment by 1% and in April plans to change its wholesale rate structure.

Holland said his group calculates that TVA industrial rates have risen 17% over six years.

Information from: The Knoxville News Sentinel,

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