Nashville, Tenn. – Nashville Electric Service (NES) informs customers of a recent Tennessee Valley Authority (TVA) rate increase, effective Oct. 1, 2024. This adjustment will raise the average residential customer’s monthly bill by 2.9%, which is an overall increase of approximately $3.78 per bill. NES strives to limit increases to 3%-5% every three to five years to cover the rising costs of serving Middle Tennessee. However, TVA may increase wholesale rates on a yearly basis – which are then passed through to NES customers. The rate adjustment is needed due to a 5.25% TVA base rate increase for FY2025. When…