Council deals on DWP hikes

It's the same 0.6 percent rate increase that was passed earlier this month - and the mayor seems fine with it. The higher rates take effect July 1 and will be reviewed again by Oct. 1.
"I'd like to thank the members of the City Council who today offered a reasonable compromise which protects ratepayers, the financial health of the Department of Water and Power, and commits the DWP to renewable energy," Villaraigosa said. The DWP board, which earlier turned down the same increase approved today by the council, has scheduled an emergency meeting Thursday. If it signs off on the council's action, will the agency transfer that $73 payment to the city? (LAT)


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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