A cool, wet summer continues to benefit TVA power customers in the seven-state region. Tennessee Valley Authority spokesman Scott Brooks said Friday that the utility is reducing its fuel adjustment charge in September to the lowest level since March 2012. The levy will fall from the current 2.22 cents per kilowatt hour to 1.96 cents.
Your power bill may be lower than usual this month largely due to heavy rains in May. The Tennessee Valley Authority recalculates its wholesale rates at the beginning of every month based on fuel and purchased power costs. This July's rate is about 10 percent lower than last year.
Work is picking up at the mixed-oxide fuel plant under construction at the Savannah River Site near Augusta. So federal regulators are spending more time reviewing the project as it nears completion in 2016. Regulators met with the public Tuesday to answer questions and provide updates about the U.S. Department of Energy plant, which is roughly 60 percent complete.