Friday, March 19, 2010

It is all about - job creation people!

When you read about stuff like this - you can only shake your head, and know things are going to get very, very painful. Can you imagine what a 21% increase for a business would look like?

That kind of increase would send my bill up about 150 bucks. At my residence. While I do use a lot of power, I'm not running the kind of power a business would be.

And people wonder why, still - no one is hiring.

Daily News Wire Services
Updated: 03/19/2010 09:20:58 AM PDT

Los Angeles residents may be paying more for their power. The board of the Department of Water and Power voted Thursday to raise the cost of electricity by 0.8 of a cent per kilowatt hour.

The hike takes effect April 1 unless the City Council intervenes.

It's the first of four increases planned through the next year that could hike residential rates up to 28 percent, adding about $2.50 a month to the average customer's bill.

Businesses would see hikes of about 21 percent.

The nation's largest city utility says it needs to shore up finances to prevent Wall Street from lowering its bond rating.

The hikes include a carbon reduction surcharge to help pay for renewable energy such as solar and wind power.

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