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EDITORIAL SCOOTER SILLINESS SURELY THE DWP CAN FIND BETTER USES FOR OUR MONEY.


BECAUSE the Los Angeles Department of Water and Power The Los Angeles Department of Water and Power (LADWP) is the largest municipal utility in the United States, serving 3.9 million residents in 2006. It was founded in 1902 to deliver water and electricity supplies to residents and businesses in Los Angeles.  turns a tidy profit from its monopoly, its managers seem to think the surplus funds Surplus funds

Cash flow available after payment of taxes in a project.
 provided by ratepayers and taxpayers belong to them.

They dish out millions of dollars to nonprofit groups that have nothing to do with the DWP's mission. They pay millions more to private public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most  firms to polish their image. They give away huge raises to employees in the middle of a recession.

And now the DWP DWP Department of Work and Pensions (UK)
DWP Drinking Water Program
DWP Dynamic Weapon Pricing (gamin, Counter-Strike: Source)
DWP Department of Water & Power
DWP Drinking Water Protection
 intends to lend nearly $2 million in unsecured loans to Hawaii to bankroll bank·roll  
n.
1. A roll of paper money.

2. Informal One's ready cash.

tr.v. bank·rolled, bank·roll·ing, bank·rolls Informal
 a farfetched scheme to market electric scooters in the Third World. That makes as much sense as the money the DWP threw down the drain on quiet leaf blowers.

What the DWP officials and its board seem to forget is that their money is really ours. If the utility has cash to burn, it ought to cut rates for its L.A. customers and slash its utility taxes.

The DWP shouldn't be playing venture capitalist, especially not for hare-brained scooter schemes.

City Councilwoman Ruth Galanter's Commerce, Energy and Natural Resources Committee, which is taking a look at the loan, ought to send it to the full City Council for a quick veto.

The DWP is a public agency. Its profits ought to benefit the public, not obscure special interests.
COPYRIGHT 2003 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Daily News (Los Angeles, CA)
Article Type:Editorial
Date:Jan 30, 2003
Words:222
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