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Should LADWP sell assets to avoid rate hikes?

LADWP building
LADWP building
(
Omar Bárcena/Flickr
)
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Should LADWP sell assets to avoid rate hikes?
Yesterday city officials opened conversation with the Department of Water and Power to discuss modernizing the DWP into a more efficient and resourceful organization. The agency also wants to improve the quality of its customer-service. General Manager Austin Beutner proposed several ideas to improve the company, such as engaging in new environmental programs and designing a more simplified billing system. Beutner also suggests selling off the agency's assets, including some power sources, to keep electricity rates low and avoid rate hikes for the 2011-2012 fiscal year. Should the LADWP be allowed to sell its assets? Would letting go of power sources really improve the efficiency of the DWP?

Yesterday city officials opened conversation with the Department of Water and Power to discuss modernizing the DWP into a more efficient and resourceful organization. The agency also wants to improve the quality of its customer-service. General Manager Austin Beutner proposed several ideas to improve the company, such as engaging in new environmental programs and designing a more simplified billing system. Beutner also suggests selling off the agency's assets, including some power sources, to keep electricity rates low and avoid rate hikes for the 2011-2012 fiscal year. Should the LADWP be allowed to sell its assets? Would letting go of power sources really improve the efficiency of the DWP?

Guest:

Austin Beutner, general manager, Los Angeles Department of Water and Power