(February 8, 2010) - The Tennessee Valley Authority has announced a residential utility bill reduction between 50 cents and $1 starting this month.

TVA increased its fuel cost adjustment credit from 78 cents per kilowatt-hour to 86 cents per kilowatt-hour, enabling it to lower residential utility bills. The fuel cost adjustment came after a higher than anticipated hydroelectric power generation in December, reducing the TVA’s need to employ more expensive resources to generate power.

- continue story