PDF: TVA June rate increase
As the mercury climbed Thursday to just two degrees below the year’s record, Chattanooga consumers had extra reason to sweat about this summer.
Electric power rates are going up again in the Tennessee Valley in June — the fourth consecutive month of such increases by the Tennessee Valley Authority.
For the typical Chattanooga household, the increase in electric rates on June 1 will raise the monthly light bill by about $4.50, or about 3.9 percent, EPB Chief Financial Officer Greg Eaves said Thursday.
TVA blames the latest increase in its fuel-cost adjustment on the end of the fuel credits from last year’s rate changes and higher fuel costs expected during the high-demand summer months ahead.