Council asserts its power

It was a high-stakes gamble over one-tenth of a penny and it wound up costing $36 million. Daily News.

Mayor Antonio Villaraigosa and the Department of Water and Power were handed a stunning loss late Wednesday when the City Council vetoed their effort to raise an renewable energy fee by .1-cent per-kilowatt-hour more than the council had authorized earlier in the week.

Had they left it alone, the council's earlier OK of a slightly lower hike would have generated $36 million for the utility this quarter.