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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 This material may not be published, broadcast, rewritten or redistributed.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 54 266 12,031
MORTGAGES 111 406 15,756
FORECLOSURE NOTICES 27 107 3,130
BUILDING PERMITS 0 606 28,832
BANKRUPTCIES 73 364 11,671
BUSINESS LICENSES 17 119 4,274
UTILITY CONNECTIONS 121 549 17,732
MARRIAGE LICENSES 23 104 3,668

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