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.
-- David Zahniser at Los Angeles City Hall