DWP Study
The L.A. City Council will soon convene an ad hoc committee to formally study the restructuring of the Department of Water and Power, a process likely to entail raising power rates, cutting more than 1,000 jobs, forming a strategic partnership with an outside energy company and cutting DWP profits to the city.
To be sure, an unavoidably painful process lies ahead for the DWP: As Councilman John Ferraro noted in a recent memo, the utility needs to trim $400 million in annual costs if it is to be competitive in the state’s new deregulated power market.
Chris Kraul can be reached by phone at (619) 544-6040 or by e-mail at [email protected]
Wednesday: Agribusiness
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