TCLP Rate Hike Looms
By Bill O'Brien | Aug. 31, 2026
A public hearing is set for September 8 on a proposed 5 percent rate hike this fall for customers of Traverse City Light and Power.
The TCLP board scheduled the hearing at its monthly meeting earlier this month. Utility officials said the rate increase is needed to help maintain the electric system’s reliability, pay for expanding customer education and outreach programs, and keep up with the escalating costs of infrastructure upgrades.
“We need to ensure we have the financial capacity to reach TCLP’s strategic priorities,” utility Chief Financial Officer Karla Myers-Beman told the board. “We also need to prepare for future needs.”
The rate increase, which if approved would begin …
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