In September, TVA announced a 1.5% wholesale electric increase to their 154 power distributors. According to TVA, the decision came after considering current and anticipated conditions and costs affecting TVA’s operations – as well as the adequacy of revenues from wholesale and other power customers to recover those expected costs and to meet the requirements of TVA’s bond resolutions and the TVA Act. The increase will be a straight pass through to Pennyrile Electric members resulting in an approximate $1.50 increase on residential electric bills.
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