3. Recommended by Financial Services Organization Approval of Authorization to Increase the Incremental Rate Stabilization
Account Target From $180 Million to $220 Million? to Increase the Current
Incremental Rate Stabilization Account Balance From $180 Million to $220
Million? and to Restrict $40 Million in Cash to Match the Incremental Rate
Stabilization Account. Resolution authorizes LADWP to increase the
Incremental Rate Stabilization Account target to $220 Million from $180 Million
to increase the current balance of the Stabilization Account by $40 Million to
$220 Million, and to increase the restricted cash account by $40 Million to
match the Stabilization Account.
Determine item is exempt pursuant to CEQA Guidelines Section 15060(c)(3).