TVA seeking public input on proposed rate change
The Tennessee Valley Authority kicked off a public comment period on March 9, 2018, seeking input on a draft Environmental Assessment that explores potential environmental and economic impacts of its proposed rate change.
The rate change would revise the structure of wholesale electric power rates to better align wholesale rates with the underlying costs to serve the 154 local power companies who serve TVA’s service territory.
As proposed, the standard service energy rate would be reduced and a grid access charge would be established to recover the same amount. The result would be revenue neutral for TVA.
To ensure a full range of issues are addressed, TVA invites members of the public, businesses, employees, environmental organizations and community leaders, as well as federal, state and local agencies, to comment on the proposed rate change EA, which can be viewed online at TVA’s website.
The public comment period will run 30 days, closing on April 9, 2018.
“We are very focused on keeping rates low for everyone and providing more bill stability over the course of the year,” said Cass Larson, vice president of Pricing & Contracts.
“In fact, we cut more than $1.5 billion annually in costs over the past few years to protect consumers and keep power bills as low as feasible for years to come.”
TVA welcomes the public’s comments on the draft EA. Comments must be received or postmarked no later than April 9, 2018.
Comments may be submitted by email or mail to Matthew Higdon at mshigdon@tva.gov or 400 West Summit Hill Drive, WT 11D, Knoxville, TN, 37902.
Please note that any comments received, including names and addresses, will become part of the project administrative record and will be available for public inspection.
The Tennessee Valley Authority is a corporate agency of the United States that provides energy for business customers and local power distributors serving more than 9 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity.
In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system and assists local power companies and state and local governments with economic development and job creation.