Electric bills could rise for TVA customers

POSTED: 5:08 PM Aug 26 2013   UPDATED: 5:09 PM Aug 22 2013

Paying more for power could be a reality for many now that the Tennessee Valley Authority announced its raising rates.

It's the public utility's first rate increase in two years.

The board of directors approved a 1.5 percent hike. The rate adjustment will add about $1.50 more a month for the average customer. 

A new budget was also approved at the meeting.

We're told that budget will anticipate 4.6 percent lower sales year over year.