By WRCB Staff
CHATTANOOGA (WRCB) -- It's been a cold stretch of winter so far. Many of your heating bills have skyrocketed, and it may go a little higher next month.
The Tennessee Valley Authority announced today it's raising rates 2.5 percent starting in March.
For most residential customers it will mean anywhere from a $1.50, to $3.50 increase on next month's electric bill.
A drop in fuel costs in February reduced residential bills by about $1.50.
TVA blamed the increase on the planned outage at Brown's Ferry Nuclear Plant, which it says will require more expensive fuels to make up for the drop in power reduction.