Jimmydreams said:mogur said:Now all we have to do is figure out where that 5 billion (probably more like 10 since they always greatly underestimate the cost of such things) is going to come from in a city that is basically bankrupt...
That's already been figured out: anyone who pays an electric bill.
LADWP will simply raise their rates in the form of a 'infrastructure improvement tarrif' or some such line-item and call it a day.
I wish it was that simple. All rates have to be approved by the city. Ladwp has the lowest rates around. Most of the transmission lines in la city are still using paper insulation around copper and lead wire in downtown. It is pretty sad in places.