Statement by LADWP Regarding the Office of Public Accountability Report on Proposed Power Rate Action
|We are pleased that the Ratepayer Advocate has found that the power rate request to be “just and reasonable,” as it will invest in replacing aging infrastructure, which is critical to providing reliable electric service to our customers. If the Board of Water and Power Commissioners and the City Council approve the rate request, it will allow us to continue the transformation of our power system to a clean energy future that protects the environment, while complying with regulatory mandates.
We have included key performance metrics and regular public reporting of our progress in the proposed power rate ordinance as recommended by the Ratepayer Advocate, and we are pleased that his report recognized that this will increase transparency and accountability by linking rates to the progress and performance of key programs. We are also grateful that the Ratepayer Advocate recognized that the Department has been instrumental in supporting the design and inclusion of the reporting mechanisms in the rate ordinances, referring to LADWP’s support and actions as, “unprecedented and a reflection of a more mature and sustainable management practices.”
Dr. Pickel’s independent review of the rate request is valuable, and we are reviewing his additional recommendations. We look forward to consideration of the power rate action by the Board of Water & Power Commissioners next Tuesday (January 19) and consideration of both water and power rates proposals by the City Council and Mayor thereafter.