Transfer doesn't affect need
DWP General Manager David Nahai told the City Council the rate increases are needed even if the utitlity stops its annual transfer of money to the city's general fund.
"What these rate increases do is allow us to go out and borrow money at low interest rates," Nahai said. "The transfer is a de minimus issue for us."
The transfer of funds, approachng $200 million a year, long has been a source of criticism among those who question the DWP rates.