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One And A Half Percent Power Bill Increase Coming In October

WGRV.com · last updated

Maintaining a trend of small yearly rate increases for customers, the GEA Board of Directors today approved another one and a half percent rate increase to our local power bill each month beginning in October.

This will mark the sixth consecutive year of a small rate increase for customers in an effort to avoid larger rate increases if done so a little at a time.

GEA Chief Financial Officer Paige Mengel projects the increase would add about $2.42 monthly or around $29.04 annually to a residential bill using 1350 kilowatts.

GEA President and CEO Dwayne Wells says he does not expect a TVA rate hike for the immediate future.

 

 

 

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