Your move Alabama Power: TVA trims rates
By Weekly Staff
In October 2008, Alabama Power raised residential electricity rates by more than 8 percent, citing rising fuel costs in the wake of an active hurricane season. They weren’t the only energy conglomerate to do so, as the government-owned Tennessee Valley Authority (TVA) upped their prices by nearly 20 percent.
TVA provides power for much of the northern third of Alabama with electricity generated through a series of dams and nuclear plants on the Tennessee River. Their services are not available to most in the Birmingham metro area, save for Bessemer and Tarrant (both cities buy electricity from the federally-owned corporation)
TVA announced this week that they are reducing their rates for the third time since October of last year, meaning that their customers will be paying roughly the same rates as they did before the energy crisis hit.
The question is: Will Alabama Power do the same? (Source: Birmingham News)
