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DWP Looking To Hike Utility Rates

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(CBS)

(CBS)

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LOS ANGELES (AP) — The Department of Water and Power wants to hike Los Angeles utility rates 5 percent, an average $19 over the next three years.

DWP General Manager Ron Nichols told utility commissioners on Tuesday that the 5 percent annual hike in both water and power rates is needed to comply with new environmental requirements and to protect its credit rating.

The Los Angeles Times says it’s possible the rate hikes would take effect in November.

Community meetings in coming weeks will give customers a chance to comment on the proposed increases. The DWP will then present a rate proposal to utility commissioners and the City Council for consideration.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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