Thursday, August 16 2012 2:48 PM EDT2012-08-16 18:48:32 GMT
Tennessee Valley Authority President Tom Kilgore is retiring.more>>
Tennessee Valley Authority President Tom Kilgore is retiring.more>>
KNOXVILLE, Tenn. (AP) - Electricity rates for Tennessee Valley Authority customers in seven states will not be increased in the coming fiscal year.
TVA's board of directors voted Thursday to approve an $11.2 billion budget for the upcoming fiscal year that begins October 1 and does not include any rate hikes.
The federal utility provides electricity to 9 million people in Tennessee, Kentucky, Mississippi, Alabama, Georgia, North Carolina and Virginia.
TVA chief executive officer Tom Kilgore also announced at the meeting that he will be retiring.
TVA's board of directors appointed Kilgore as CEO in 2006. Kilgore, who said he was in the fourth quarter of life and wanted to pursue other things, said he preferred to leave in four to six months but would wait until the board appoints his successor.
TVA increased rates 2 percent last year. It also makes pricing adjustments during the year for fluctuating fuel costs.
(Copyright 2012 by The Associated Press. All Rights Reserved.)
Friday, May 24 2013 2:13 PM EDT2013-05-24 18:13:32 GMT
Governor Bill Haslam kicked off the Memorial Day weekend by honoring the service of our military men and women and their families.more>>
Governor Bill Haslam kicked off the Memorial Day weekend by honoring the service of our military men and women and their families on Friday morning.more>>
Friday, May 24 2013 1:40 PM EDT2013-05-24 17:40:43 GMT
A late night fire sent two people to the hospital in critical condition. Firefighters found heavy smoke when they got to the home on West Linden Avenue in Nashville around 10:25 p.m. Thursday.more>>
A late night fire sent a married couple to the hospital in critical condition. more>>
