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The IURC approved rates for Richmond Power & Light (RP&L) in 2005.
Electric utilities can also adjust rates due to changes in purchased power costs. Those costs can only be recovered on a dollar-for-dollar basis. They include OUCC review and IURC approval before taking effect.
As of July 2016, Richmond's electric rates rank fifth-lowest among the 14 electric utilities the IURC regulates.