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City approves DWP reliability contracts item; staff say measure aimed at grid reliability and debt reduction plan
Summary
The City Council approved an item from the Department of Water and Power about reliability contracts and long‑term debt strategy; DWP officials discussed stranded‑debt figures and said the item does not itself implement deregulation.
The Los Angeles City Council approved an item from the Department of Water and Power (DWP) related to reliability contracts and the utility's financial strategy. DWP representatives said the action addresses contractual relationships needed to protect grid reliability amid broader market changes.
Wendy Yancey of the Department of Water and Power opened the presentation and said the item pertained to reliability contracts for the grid. Penny Staros, manager of…
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