LA residents getting 11 percent electricity hike
LOS ANGELES (AP) – Utility bills are going up in Los Angeles.
The City Council on Tuesday gave preliminary approval to back-to-back electricity rate hikes totaling a little more than 11 percent over the next two years. A second vote is required next week.
The Department of Water and Power, which has nearly four million customers, says the rate hikes are expected to generate $321 million by June 2012.
The Los Angeles Daily News says the average homeowner will be paying another $3.65 a month. Customers with larger homes or who use more power will see their bills rise about $18.79 a month. Businesses will see their bills increase about $15 per month.