DWP and SCOPE—Strategic Concepts in Organization and Policy Education held a town hall meeting to talk over proposed rate increases by the Utility.
The purpose of the prosposed rate hike was summed up by DWP Chief Financial Officer Jeff Peltola:
“The City of Los Angeles was built between 1920 and 1970. So largely our assets are getting older. Our reliability is better than what we see in our regional competitors, but we want to keep it better into the future.”
DWP is looking to replace 85-percent of its infrastructure and to do so, it needs to raise rates 2-point-4 to 5-point-4 percent over the next five years. Even with the increase, DWP maintains its rates are among the lowest in the state. Tom Perumean, KABC NEWS.
