Meeting in Knoxville, Tenn., Thursday, board members voted to further reduce a fuel charge that drove an initial 20 percent rate increase last fall.
Seventeen percent of that hike was based on higher fuel cost estimates.
TVA reduced that by 6 percent in January and decided Thursday to cut it another 7 percent, effective April 1.
The utility estimated the reduction would save average residential power users between $4 and $9 monthly.
http://accesswdun.com/article/2009/2/217712