Columbus Light, Water alerts customers about rate hike
COLUMBUS, Miss. (WCBI) – Columbus Light and Water is alerting customers about a rate hike.
The utility said the Tennessee Valley Authority board voted back in August to raise its wholesale electric base rate by 4.5%.
This increase begins October 1. That is the same day TVA is ending its Pandemic Recovery Credit given to utilities.
On average, a customer can expect to see a $3.50 increase on their bill.
Any utility or co-op that purchases their electricity from TVA will see the increase which is passed on to customers.
The increase comes from a need to build the TVA infrastructure as demand grows.
4-County Electric said its members also could see another slight increase to help combat the rising costs for supplies and equipment.
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