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Rising Fuel Costs To TVA Passed On To Customers

Knoxville, TN – The Tennessee Valley Authority is increasing its fuel adjustment charge. The utility said the hike will raise residential power bills between $3 and $6.50 per month, depending on how much electricity is used.

Higher fuel prices this year are eating into a fuel adjustment credit that TVA has applied to the rate because of lower fuel prices last year. It's from about a half cent to a fifth of a cent per kilowatt hour.

TVA says that amounts to a 5.9 percent increase in what residential customers will pay TVA for the cost of the utility buying fuel. That follows a 5.3 percent increase for March.

TVA uses fossil fuels - coal, oil and natural gas - to generate about half of its electricity. When those costs rise, TVA's costs increase.

The other half of TVA electricity comes from its nuclear plants and dams.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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