News for April 7th, 2009

TVA may have to raise customers’ rates to relieve financial woes

us money photo 100x100 TVA may have to raise customers rates to relieve financial woesThe Tennessee Valley Authority () may have to lean on customers to relieve some of its financial pains, according to the Associated Press. The nation’s largest utility is spending $1 million a day to clean up the mess left behind when a coal ash impoundment pond at its Kingston, coal-burning plant failed and dumped more than a billion gallons of toxic material on to an east community and into the Emory River. The coal ash spill cleanup effort is expected to cost the utility between $525 million and $825 million.

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