The IURC approved Frankfort's municipal electric base rates in a July 2017 order. The order approved a settlement agreement between the OUCC and the City of Frankfort.
Electric utilities can also adjust rates due to changes in wholesale 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 2024, Frankfort's typical residential electric bill ranks second-lowest among the 10 electric utilities the IURC regulates.
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