Results tagged “ratehikes”

As reported earlier today, the LA City Council was set to vote and approve rate hikes for the Department of Water and Power over the next four years. Now that all is said and done, the council approved the increases. Rick Orlov of the Daily News blogged updates throughout the meeting with some great talking points:

Today, the city council is doing their second round of approval for the DWP rate hikes. And while politicians have spun it saying it will only go up a little by stating facts within certain contexts, the LA Times today did the math: "electricity bills will go up at least 23% over a four-year period, thanks to the Department of Water and Power's decision to ask ratepayers to absorb the higher cost of natural gas and the switch to other environmentally friendly forms of energy."

Raise your hand if the moment you heard about the death of firefighter Brent A. Lovrien being caused by old 1930s technology, that the DWP would use that as a way to help their cause of raising water and power rates?

The city is entering on of the worst budget woes it has ever faced. And while it's been talked about for sometime now, the effects are now becoming more apparent. Yesterday in a long city council meeting over most things money, the most controversial subject of water and power rate hikes ended with the increases on hold for further discussion, but admission to the LA Zoo went up 40% for some, initially raising prices $2 for all age brackets and $1 bumps for the next two consecutive years. The move is expected to save nearly a half million dollars.