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L.A. in line for $258.8 million in surplus DWP funds

The Los Angeles City Council voted 11 to 1 on Friday to pave the way for a $258.8-million transfer from the Department of Water and Power to city coffers.

The drama-free discussion was a sharp contrast to last year, when DWP officials threatened to withhold part of their transfer unless council members agreed to increase electricity rates.

That threat led to a lengthy showdown between the DWP, the council and Mayor Antonio Villaraigosa.


Friday’s decision upheld a plan by the five-member DWP board, which designated the money as surplus Feb. 1.
 
Because Councilman Richard Alarcon voted no, the matter will require a second vote next week.

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-- David Zahniser at Los Angeles City Hall

 
Comments () | Archives (5)

What surplus? All the news media are reporting that DWP has been overcharging residents for the past many years and are owed refunds. What gives?

DWP - keep the $$$ and repair the deteriorating infrastructure that exist throughout LA. As for the City of Angels - so-called leaders need to take "City Management and Finances 101".

How about returning it to the over-charged rate payers?

The scam continues, unabated.

Alarcon probably wants the money for himself. I have yet to fathom how the transfer is not a tax on the ratepayer who pays for water, power, refuse collection, and sewer but apparently we are paying too much. So much more as to generate a two hundred million dollar plus "surplus". Then they transfer it to the general fund. How is that not a tax?

Nevermind the DWP has to kill a lot of infrastructure and renewable energy projects now to just to show it has a surplus so the City gets theirs.


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L.A. Now is the Los Angeles Times’ breaking news section for Southern California. It is produced by more than 80 reporters and editors in The Times’ Metro section, reporting from the paper’s downtown Los Angeles headquarters as well as bureaus in Costa Mesa, Long Beach, San Diego, San Francisco, Sacramento, Riverside, Ventura and West Los Angeles.
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