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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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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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