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

[anon]

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?

[Gem]

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".

[GEAH]

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

The scam continues, unabated.

[RwH]

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?

[Just Another Sucker]

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.