- Associated Press - Sunday, June 7, 2015

OXFORD, Miss. (AP) - The Oxford Electric Department is raising rates for large commercial customers by 3 percent.

The Oxford Eagle reports (http://bit.ly/1JroNFK ) the board of aldermen approved the rate increase this past week.

Residential and small business rates will not be affected.

An action letter and cost of service study can now be submitted to the Tennessee Valley Authority, where Oxford receives its power, to support the request. If approved by TVA, the change will take effect on Oct. 1.

Department Superintendent Rob Neely says higher rate will be for companies that use between 1,000 and 5,000 kilowatts. He says there are only two such businesses currently in Oxford. He wouldn’t identify the companies.

The customer charge will increase by $25. Currently, the monthly charge is $69.44.

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Information from: Oxford Eagle, http://www.oxfordeagle.com

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