Electricity rates for Tennessee Valley Authority customers in seven states are on the agenda for the utility's board of directors. The board is meeting Thursday in Knoxville and will vote on the budget for the fiscal year that begins October 1st. Part of the financial plan will be deciding whether to raise or lower the price that wholesale power distributors pay TVA for electricity.

Last year, TVA increased rates 2-percent. The agency also makes pricing adjustments during the year to compensate for fluctuating fuel costs.