TVA adds fee on top of rate hike

Submitted by R. Neal on Thu, 2008/02/21 - 4:59pm.

TVA adds 5% fee on top of rate hike

The combined impact of the two rate hikes could add as much as $12 to the average customer bill from distributors...

This latest increase is called a fuel cost adjustment, and it changes quarterly based on the costs of fuel.

The article says the rate hikes will help fund $2.5 billion for the Watts Bar nuclear plant expansion.

In related news, TVA is purchasing another gas-fired power plant at fire sale prices.


tva rate hike

I guess if the oil companies can get by with robbing the american people then electric compaines can do the same. What a sly way to rob us and make big profits.

Man, Steve, you're right about them oil companies.

Selling us stuff we really, really want. They're totally ripping us off.

Just like my coke dealer.

Jeez that guy's a dick.

gonzone's picture
Adopting the Worst Practices

In order to become more like "private companies" TVA has taken on a CEO and dropped salary caps for executives.
At the same time career civil servants are being pushed out in favor of well connected contracting companies.
Those not already leaving are subject to constantly escalating health care premiums and stagnant pay with more work to do as levers to get them out.
Yeah, the average TVA worker is not a happy camper these days but the executives are partying like it's 1999.

Remember when TVA bragged about "no rate hike increase in 10 years?" Now it's once or twice every year but Bechtel, TVA executives, and Deloitte, etc. are thrilled with the new money.

Add to this the nuclear build up and the "what the market will bear" frequent rate hikes and we have a government agency adopting only the very worst practices of private corporations.

Notice the TVA debt is no longer an issue? It's kinda TVA was located in Iraq and named Halliburton.

"When the going gets weird, the weird turn pro."
Hunter S. Thompson

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