T.V.A. To Give Schools, Colleges 10 Percent Credit on Power Bills

By Peter Schmidt

The Tennessee Valley Authority last week announced that it will cut power costs to the 2,500 public-education institutions that the giant utility serves as part of an effort to support education improvement and to spur economic growth.

Beginning May 1, the T.V.A. will give a one-year, 10 percent credit on power bills to all public elementary and secondary schools in the region it covers, which includes Tennessee and parts of North Carolina, Georgia, Mississippi, Alabama, Kentucky, and Virginia.

The credits, which also will be made available to public community colleges and universities, could save public education in the region up to $20 million a year, a spokesman for the federal...