The 8.5 percent increase translates to $4 a month for customers using 500 kilowatts a month, and this increase could be only the first hike customers will see.
The Marquette Board of Light and Power is seeking to raise rates for each of the next three years. The company says the money will be invested in infrastructure to maintain reliable electric service.
"People will say, 'Well, it's a rate increase, it's more money.' Well, we look at it in terms of an investment," said Executive Director Paul Kitti. "The money is going to stay in the community; we're going to put it towards infrastructure. Whatever revenue we get, we're pouring back into the business. We're not making any money off of this."
The Marquette City Commission will have a public hearing on the topic to hear customer feedback on August 26. The MBLP currently services over 16,000 customers in nine different cities and townships in the Upper Peninsula