LA
09/20/2010 05:12 am ET Updated May 25, 2011

DWP Defends Withholding $73.5 Million From LA

Executives with the Los Angeles Department of Water and Power on Tuesday issued a sharply worded defense of their decision to withhold $73.5 million from city coffers in the middle of a recent fight over electricity rates, saying they did so to protect the utility's credit rating and its customers.

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