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VOL. 126 | NO. 244 | Thursday, December 15, 2011

TVA Says Fuel Cost 3.1 Percent Lower in January

AP

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KNOXVILLE (AP) – A 3.1 percent decrease in the Tennessee Valley Authority's fuel cost will bring down average residential electric bills in January by between $2 and $4.

TVA said in a statement on Wednesday that the decrease is related to hydroelectric generation in November that was almost 30 percent higher than expected. That meant the utility did not have to rely as much on more expensive sources of electricity. Also sales were slightly lower than expected.

The decrease follows a 2.8 percent increase in December.

TVA is the nation's largest public utility and supplies power to about 9 million people in Tennessee, Kentucky, Alabama, Mississippi, Georgia, North Carolina and Virginia.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 182 13,079
MORTGAGES 135 267 17,025
FORECLOSURE NOTICES 0 21 3,322
BUILDING PERMITS 366 366 30,930
BANKRUPTCIES 69 135 12,478
BUSINESS LICENSES 23 43 4,532
UTILITY CONNECTIONS 182 328 19,221
MARRIAGE LICENSES 32 67 3,976

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