Los Angeles Business Journal

L.A. City Council OKs Hike in Power Rates

Wednesday, September 26, 2012

The Los Angeles City Council has tentatively approved an 11.1 percent electricity rate hike over the next two years, and the Department of Water and Power warned that more increases are coming, the Los Angeles Daily News and Los Angeles Times report. Businesses can expect to see their bills increase $15 a month from the current hike.