What a return!

“Electricity bills could rise an average of 5% to 8% [per year] in the next several years.  …

Customers of the Los Angeles Department of Water and Power could see electricity bills go up an average of 3% to 5% over each of the next 20 years if the agency moves ahead with a new strategy for making itself greener, utility officials said.  …

Mike Webster, the DWP’s assistant director of power system development and planning, predicted the average rate hikes would be even larger over the next five years, as the city complies with new state carbon emission limits and regulations [AB32] requiring the adoption of renewable power, such as solar and wind energy. Those annual increases would range from 5% to 8%, but more likely be “closer to 8%,” he said.

“But these are investments, and we do expect something in return,” Webster told an audience of residents, business owners and activists. “In return, we get lower greenhouse gas emissions.””  “DWP’s green strategy could come with rate increases, the agency says

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