Knoxville, TN – The Tennessee Valley Authority will consider its first mid-year electric rate increase in at least 25 years.
The anticipated hike comes barely four months after TVA last boosted prices in response to escalating fuel costs.
TVA, the nation's largest public utility, did not disclose the size of the proposed increase before Monday board of director's meeting.
Observers debated if it would equal a 7.5% increase that took effect on October 1st.
The new rates will be felt by about 8.5 million customers who receive power through 158 distributors in seven states including Kentucky and Tennessee.