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The average Chattanooga homeowner will pay another $4.36 for electricity next month as part of the cost of the drought across the Tennessee Valley, officials said Friday. EPB will raise the price of the electricity it sells about 4.6 percent, effective Oct. 1. The rate increase is the fourth in as many quarters from a fuel cost-adjustment plan started in 2006 by the Tennessee Valley Authority, which supplies electricity to EPB and 158 other municipalities and electric co-ops in a seven-state region. "This is by far the biggest fuel cost increase yet," EPB Executive Vice President Ron Fugatt said. For a typical household that uses 1,200 kilowatt-hours of electricity a month, the monthly light bill will increase from $94.63 to $98.99, Mr. Fugatt said.
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