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Electric Rates to Drop Again in July The TVA Fuel Cost Adjustment (FCA) will decrease for the third straight quarter for billing periods beginning July 1 through August. The approximately 4% drop, beginning July 1, will mean an average savings for HES customers of about $2 to $5 on their monthly bill. From Hopkinsville Electric Systems News and Events --> http://www.hop-electric.com/QNAMii/index.aspindex.asp?Mode=ViewArticle&ID=15 The TVA Fuel Cost Adjustment (FCA) will decrease for the third straight quarter for billing periods beginning July 1 through August. The approximately 4% drop, beginning July 1, will mean an average savings for HES customers of about $2 to $5 on their monthly bill. The decrease is the result of lower fuel and purchased power costs. TVA began using the Fuel Cost Adjustment in October 2006 after experiencing a spike in fuel costs caused by Hurricanes Katrina and Rita the previous year. About 60% of TVA’s power supply comes from fossil fuels used to make electricity – coal, oil and natural gas. |