FOR IMMEDIATE RELEASE

August 7. 2008 
 
STATEMENT BY LADWP CEO & GENERAL MANAGER DAVID NAHAI REGARDING
RETIREMENT CREDIT PURCHASE OF CHIEF OPERATING OFFICER
 
LADWP CEO & General Manager David Nahai this morning announced that the DWP and Chief Operating Officer Raman Raj wll withdraw their request for the purchase of retirement service credit.
 
"After further discussions with Mr. Raj about the concerns expressed regarding the appropriateness of the Department purchasing retirement service credits for which he is eligible, Mr. Raj has asked  that the request be withdrawn.  Questions have arisen regarding the advisability of this matter and how it may be perceived.  We wish to be sensitive to these concerns and responsive to them and have therefore decided to withdraw this request for retirement benefits alltogether."     
 
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