KNOXVILLE (AP)-The electric bill is going up again in
April.
The Tennessee Valley Authority is increasing its fuel
adjustment charge. The utility said the hike will raise residential power bills
between $3 and $6.50 per month, depending on how much electricity is used.
Higher fuel prices this year are eating into a fuel
adjustment credit that TVA has applied to the rate because of lower fuel prices
last year. It's from about a half cent to a fifth of a cent per kilowatt hour.
TVA says that amounts to a 5.9 percent increase in what
residential customers will pay TVA for the cost of the utility buying fuel.
That follows a 5.3 percent increase for March.
TVA uses fossil fuels-coal, oil and natural gas-to
generate about half of its electricity. When those costs rise, TVA's costs
increase.
The other half of TVA electricity comes from its nuclear
plants and dams.
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