27 Jan BrightRidge announces Pandemic Relief Credit on February bill statements
BrightRidge Directors voted unanimously to extend a $1.2 million BrightRidge Pandemic Relief Credit to all residential and small commercial power customers. The one-time credit will appear for most customers on February power bills.
Residential and small commercial customers can expect estimated savings of 6 – 9 percent on their February bills depending on actual usage.
Funding for the credit comes from a relief credit on wholesale electricity generated by the Tennessee Valley Authority and sold to local power companies. The TVA credit was made available to local power companies to offset local shortfalls due to slower electric retail sales.
BrightRidge Directors indicated a desire to impact as many customers as possible with the credit, which will offset the bills of about 68,680 residential accounts and 9,437 small commercial accounts, or about 97.6% of all electric accounts.