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DWP Announces Plans For 37% Rate Hike

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The Los Angeles Department of Water and Power is planning to boost the electricity bills of its customers by 37% over the next four years as part of its effort to cover steadily rising costs.

Officials with the city utility divulged their plans Thursday as the City Council's Energy and Environment Committee debated Mayor Antonio Villaraigosa's plan for boosting rates to help pay for renewable energy. Villaraigosa is seeking a 21% increase over the next year. That effort will be followed by other rate hikes by 2014, however.

Read the whole story at latimes.com

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