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TVA rates to increase
The Tennessee Valley Authority will invest more than $2 billion in cleaner energy sources in the coming year as it continues to reduce operational costs and debt. The Board of Directors have approved a capital plan and new budget which is $330 million less than the prior year. It does contain a 1.5 percent retail rate increase, amounting to about $1.50 more per month for the average Valley customer using 1,000 kilowatt-hours per month. The increase will take effect on Oct. 1 . Cost-effective, renewable energy is playing a more important role in TVA’s diverse portfolio. In 2015, 13 percent of the electricity TVA generated or bought was renewable, including hydro production. During Johnson’s report to the Board, he said that energy demand is not growing and even with healthy economic growth overall, the growth in power demand has been essentially flat for the past five years. “We expect load growth to stay flat for the foreseeable future,” Johnson said. “Our market is changing, and we and our customers are working to adapt to new business conditions that include reduced energy needs and increased demand for energy deficiencies and renewables.”
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Return to Today's News Stories - Front PageThursday, April 29, 2021
US 411 Project News
Mill Creek Wildfire Update
More Bad News For Smokies' Fans
Wednesday, April 28, 2021
Mill Creek Wildfire doubles in size
Goodbye Smokies?
Keep Cocke County Beautiful
Cocke Co. High School Remote Learning today!
Tuesday, April 27, 2021
The fireflies are coming!
Burnout Operations on MillCreek wildfire today
Gas prices drop
Tennessee keeps all US House seats
Monday, April 26, 2021
Boat accident victim ID'd
Traffic stop yields drug arrest
Cocke County Wildfires
Friday, April 23, 2021
Leaving WNPC
Mathis announces candidacy
Newport drug roundup
Cruise Against Cancer
Jobless numbers
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