published Friday, February 11th, 2011

Electric rates going up in March

Electricity rates will rise 2.5 percent next month in the Tennessee Valley , TVA announced today.

The federal utility said its monthly fuel cost adjustment will increase again in March, adding anywhere from $1.50 to $3.50 to next month’s electric bill for most residential customers.

In its announcement, TVA blamed the increase on the planned outage at the Browns Ferry Nuclear Power Plant, which will require the utility to use more expensive fuels to make up for the drop in its nuclear power generation.

“Nuclear power is less expensive to produce than electricity from coal or natural gas, and nuclear plant outages, which are required periodically, mean greater reliance on TVA’s coal-fired power plants during the outage periods,” TVA said in a statement on its web site today.

TVA’s fuel costs have declined since last November. But compared with a year ago, higher fuel costs have pushed up TVA power rates by 19.2 percent in March 2010 compared to what they were a year ago.

For complete details, see tomorrow’s Times Free Press

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My2centsworth said...

Gosh I am SURPRISED. With things still going down the drain why not kick the Average Consumer again. I need to get off their grid. I think I have a way, perhaps 2. One for backup sake. lol

USSA is one day closer.

February 11, 2011 at 1:49 p.m.

Better yet, why not kick the TVA off the grid? After all, it belongs to the U.S. taxpayers. All it takes is for enough ratepayers, that is, the ones who are forced to pay for any frivolous things TVA wants, all it takes is the will to push Goliath out.

At 9 million people strong, it looks like the townspeople have more than the advantage. Egypt’s a good example but they do not have a backup plan so they might be subject to a more unfortunate outcome.

Yes, if it walks like a duck, etc. could it be that it is not AFLAC?

To quote the Bard, “the first thing we do, let’s kill all the lawyers”! (Just kidding)

More and more ratepayers are becoming irate with the TVA, its highest paid federal employee in the land, Tom Kilgore, and the whole secretive machinations of TVA’s budget. They only release financial information they choose to, the rest is harder to get than pulling hen’s teeth.

The way TVA acts, you’d think I have deluged them with Freedom of Information Act requests; nope, only two of them currently yet they want me to pay a “fee” of $1,000 for their staff to look up data that readily should be available to the public.

TVA is a horrible example of how the FOIA system is supposed to work. In fact, it is just the kind of stonewalling I’ve gotten from the TVA that brought about the FOIA law in the first place.

But I’m a patient man, the requested information will be outed sooner or later; looks like later at this point.

“Weep, the people”.

Ernest Norsworthy http://norsworthyopinion.com emnorsworthy@earthlink.net

February 11, 2011 at 4:06 p.m.
nowfedup said...

Well got to keep the stockholders happy and not touch their profits, and of course the upper end wages and bonus's. Biggest rip off to commoners was when the "investors", big huge firms, were 100% assured they'd get their money at a no risk deal. Just one more robbery of the public by those in charge, the good ole money boys and no one ever discusses the total money side of the deal, whom gets what and whom owns what. The total money trail on this one might be interesting as to where all the funds really end up. and whose lobby hard at work.

February 13, 2011 at 10:46 a.m.
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