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LADWP Carbon Surcharge Rejected by City Council
Mayor Antonio Villaraigosa's plan to raise electricity rates to build L.A.'s renewable energy portfolio to 20% by the end of the year and avoid a downgrade in LADWP's bond rating was rejected by the City Counil today. Next Tuesday, the council's Energy & Environment Committee will discuss rate hike recommendations that should be considered in the second version of the plan. A motion by Councilmember Richard Alarcon will also be discussed. His 12-point proposal includes transparency in the process, fairness to customers, protecting businesses, allowing for hardship exemptions and other factors to consider when increasing green power.
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Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
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