UPDATE: TVA fuel cost up for fifth straight month

KNOXVILLE, Tenn. — The Tennessee Valley Authority is raising rates for a fifth straight month due to higher fuel costs, adding up to $4 a month for residential customers.

Compared to June, the July fuel cost adjustment will increase monthly residential bills between $1.50 and $4, depending on usage.

The utility said in an online statement that the higher rate also reflects projected increased generation to meet summer demand.

TVA has nearly 9 million consumers in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.

Compared to June, the July fuel cost adjustment will increase monthly residential bills between $1.50 and $4, depending on usage.

The utility said in an online statement that the higher rate also reflects projected increased generation to meet summer demand.

TVA has nearly 9 million consumers in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.

The Associated Press