LA Dept of Water and Power To Sell Off The Golden Egg

[Ayatollahgondola]

I am beginning to see a pattern here, and I'm not at all convinced it's a good one. The DWP, similar to the state, has spent the money and owns this revenue producing property. Why sell off the golden eggs? Who will profit? I doubt it's going to result in any long term good for ratepayers or taxpayers

The Los Angeles Department of Water and Power is considering selling off its headquarters, shares in out-of-state power supplies and other assets instead of raising customer rates.

Read more: http://www.sacbee.com/2010/06/15/282...#ixzz0qwLSj2o9

http://www.sacbee.com/2010/06/15/282...elling-hq.html