Electricity rate hike on the horizon

Tennessee Valley Authority customers can expect higher electric bills this fall. The TVA meets today in Knoxville to discuss a rate hike of around 10 to 20 percent, possibly more. It would take effect October 1. The TVA delivers power to seven states in the Southeast, serving over 130,000 households in Georgia

TVA rate hike possible

Tennessee Valley Authority customers could be facing their biggest electric rate increase in decades. TVA blames costs for coal and purchased power from others have skyrocketed. The impact on TVA's more than 8 million consumers could be a jump in their electric bill of 10 percent to 20 percent on Oct. 1. A 15 percent increase would be TVA's largest rate hike since 1977.