Topic: CEMC

TVA hikes electric rates by 20%

August 21, 2008 |

On the heels of fluctuations in gas prices and a surge in the cost of groceries and most household goods delivered to area stores comes another hit: a hike in the price of electricity. Both CDE Lightband and CEMC rates will jump 20% following a decision by the Tennessee Valley Authority on Wednesday.

TVA directors approved a 17% fuel cost adjustment and an additional power base rate increase of 3%. For the average household using 1,320 kilowatt hours, that translates to an additional $15 a month. The rates will show up on customers’ October billing cycle. This increase is the largest increase since 1974. «Read the rest of this article»

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