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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 This material may not be published, broadcast, rewritten or redistributed.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 86 313 4,762
MORTGAGES 97 409 6,640
FORECLOSURE NOTICES 34 147 1,475
BUILDING PERMITS 0 705 11,294
BANKRUPTCIES 53 311 4,525
BUSINESS LICENSES 41 177 1,983
UTILITY CONNECTIONS 64 436 6,253
MARRIAGE LICENSES 19 132 1,373

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