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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 This material may not be published, broadcast, rewritten or redistributed.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 98 376 10,434
MORTGAGES 124 449 13,881
FORECLOSURE NOTICES 14 56 2,766
BUILDING PERMITS 196 798 23,420
BANKRUPTCIES 68 264 8,803
BUSINESS LICENSES 24 77 3,613
UTILITY CONNECTIONS 251 637 13,380
MARRIAGE LICENSES 21 93 3,117

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