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Council receives report on DWP sale of Mojave plant interest amid questions on future power access
Summary
The City Council received and filed a report on the Department of Water and Power(DWP) sale of a 10% interest in the Mojave Generating Station after members questioned whether selling portions of the utility sset could affect future local power availability and rates.
The Los Angeles City Council on Friday received and filed a report and related materials about the Department of Water and Power's recent sale of a portion of the city's interest in the Mojave Generating Station.
The item, called special by Councilmember Holden, reviewed earlier council actions that approved selling a 20% interest in the Mojave plant and noted that subsequently DWP completed paperwork and sold only a 10% interest, and collected what a department speaker described as "90 some odd million dollars." The council voted 10-0 to receive and file the report.
Why it matters: Councilmembers pressed DWP and each other on whether selling part of the…
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