TVA budget for 2013 does not include utility rate hike - WAFF-TV: News, Weather and Sports for Huntsville, AL

TVA budget for 2013 does not include utility rate hike

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MADISON COUNTY, AL (WAFF) -

Tennessee Valley electric rates will hold steady for the next year.

The TVA board voted on a budget for the next fiscal year, which begins October 1. They approved an $11-billion budget on Thursday. That budget does not include plans for a rate increase.

TVA supplies electricity to Huntsville Utilities as well as utilities in seven states.

The TVA raised rates two percent last year.

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