Los Angeles, Friday, April 9, 2010
Blatant Abuse of Power LA Watchdog
By Jack Humphreville
What seemed to be a very well documented call for higher rates to preserve the credit rating of the Department of Water and Power has turned into a massive public food fight over the transparency of DWPs rates and the Mayors blatant abuse of power.
Unfortunately, DWPs finances have been abused and mismanaged by the Mayor and his political appointees. They have blatantly over committed the DWPs financial resources to renewable energy and related programs relative to the existing financial limitations on the Energy Cost Adjustment Factor.
Read more…
citywatch newsletter