TVA rates going back up - WRCBtv.com | Chattanooga News, Weather & Sports

TVA rates going back up

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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.

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