Thursday, October 14, 2010

Lower Costs Coming Your Way

Due to the fuel cost adjustment passed by TVA for November, our residential customers will see a decrease of approximately $4.13 (as compared to October).

From TVA's site:
For billing periods beginning November 1, 2010, TVA's fuel cost adjustment will change from the current amount of 1.127 cents per kilowatt-hour to 0.735 cents per kilowatt-hour.

For September, lower fuel and purchased power prices helped to offset sales that were higher than forecast and hydro generation that was lower than forecast. Higher September temperatures contributed to sales that were 6 percent higher than TVA's forecast. Hydro generation was 31 percent lower than forecast and had to be replaced with higher cost resources. The good news was coal, purchased power, and gas prices were 12 percent below the forecast, causing the decrease in the fuel cost adjustment.

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