08/10/2010 05:12 am ET Updated May 25, 2011

Report: DWP 'Unecessarily Plunged The City Into a Fiscal Crisis'

Executives at the Los Angeles Department of Water and Power misled the public when they threatened to withhold $73.5 million from the city's budget two months ago as part of their demand for a hike in electricity rates, City Controller Wendy Greuel said Thursday.

Greuel launched an examination of DWP accounts after executives with the nation's largest municipal utility refused to turn over the money on April 5. That decision came after the City Council voted against a rate hike backed by Mayor Antonio Villaraigosa.

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