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City receives and files report on sale of DWP interest in Mojave Generating Station
Summary
The Los Angeles City Council received and filed a report on the Department of Water and Power’s sale of part of the city’s interest in the Mojave Generating Station, after councilmembers questioned why only 10% was sold and how proceeds and future use of capacity will be handled.
The Los Angeles City Council on Dec. 21 received and filed a report on the Department of Water and Power’s (DWP) recent sale of part of the city’s interest in the Mojave Generating Station, voting 10-0 to receive the report.
Councilmember Holt opened discussion by recounting the sequence of sales and asking DWP staff to explain why the city ultimately sold a 10% interest instead of the full 20% previously discussed. Holt said the sale left the city without an asset that could help meet local needs during the utility’s…
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