(Richmond, IN)--Richmond Power and Light General Manager Tony Foster presented the results of a service and rate study to the RP&L Board Monday night.  That study includes a proposed rate increase.  Foster laid out several reasons for the proposed changes, including this:  "due to having modest cash balances, we've been able to weather the storm.  But we need to rebuild those reserves," Foster said.  There’s also growth and increased demand for power, including both residential and industrial.  "If we do see some prospects in the new part of the industrial park that we could make sure we accomodate them," Foster added.  The proposed increase would be implemented over three years and would total just shy of $14 per month for the average residential customer by the end of the three-year period.  The proposal must go through several levels of approval.