Meeting Time: October 22, 2024 at 10:00am PDT
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Agenda Item

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).