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LCUB to pass on lower TVA fuel rate


Following TVA’s move Nov. 11, LCUB plans to lower electrical rates for its customers in the new year.

TVA reported its planned 6 percent decrease would take effect in January.

“LCUB plans to pass along the six percent decrease to its customers effective January 1, 2009,” an LCUB press release stated.

“A typical customer of LCUB may see an approximate $4.80 to $5 decrease in their monthly electrical bill for at least the first quarter of next year,” the release added.

“The percentage is going to be coming off the fuel cost adjustment, the increase we saw here very recently,” Shannon Littleton, LCUB attorney and assistant general manager, said.


TVA most recently increased this adjustment in October, with a 17 percent adjustment increase on top of a three percent base rate increase.

The fuel adjustment passes fuel price fluctuations along to customers, who save on the adjustment depending on the amount of energy they use.

“We have seen the same pain that all our customers have, so there’s no reason in the world L-C-U-B would try to capture that money. We would certainly pass that along to the customer if there was any savings,” Littleton said.

LCUB is a local electrical distributor for federal utility TVA.

 

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