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Article: Tennessee Valley Authority's Electricity Pricing Proposal Will Cost Residents.

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Knight Ridder/Tribune Business News
Article date:
January 24, 2003
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By Dave Flessner, Chattanooga Times/Free Press, Tenn. Knight Ridder/Tribune Business News

Jan. 24--The Tennessee Valley Authority is proposing to change how electricity is priced to help it and the industries it serves better compete with other parts of the country, a top TVA official said Thursday.

But the 8 million residents who live in the TVA's service territory will pay a price for the change.

"Residential rates have been quite a bargain in the (Tennessee) Valley and we're proud of that," TVA Chief Financial Officer David Smith said. "But maybe we've made it more of a bargain that we need or can justify in comparison with our ...

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