Agenda Items

Select an Agenda Item to Comment on.

A. Roll Call

B. Opening remarks by the Commission President

C. Remarks by Commissioners

D. Public Comment

E. Report/Briefing by the Chief Executive Officer and Chief Engineer Reports also from Water, Power, and Administrative System Management concerning current matters relating to Departmental operations.

F. Consideration of Items Recommended for Approval

G. Items for Approval The Board will consider items recommended for approval. Items on which there are speaker cards or which a Commissioner has requested pulled for discussion will generally be considered after the Management Reports and Filed Items.

1. Recommended by Office of the Chief Financial Officer Approval of Authorization to Execute a Third Amended and Restated Revolving Credit Agreement and the Related Third Amended Fee and Interest Rate Agreement with Wells Fargo Bank, National Association Under Resolution No. 5070. Under the proposed Third Amended Revolving Credit Agreement, LADWP will have a $500 Million commitment, without a need for additional credit approval and will not extend the current term.

2. Recommended by Office of the Chief Financial Officer Approval of Energy Cost Adjustment Expenditures for the 12-Month Period Commencing July 1, 2025.

3. Recommended by Office of the Chief Financial Officer Approval of Power System Reliability Program Expenditures for Fiscal Year 2025-26, for a 12-month period commencing July 1, 2025.

4. Recommended by Office of the Chief Financial Officer Approval to Establish Power Base Rate Revenue Target for Fiscal Year 2025-26. The proposed Resolution establishes the Base Rate Revenue Target for Fiscal Year 2025-26, as $2,403.5 Million, in accordance with the Incremental Electric Rate Ordinance No. 184133. Determine item is exempt pursuant to CEQA Guidelines Section 15

5. Recommended by Office of the Chief Financial Officer Approval to Establish Water Base Rate Revenue Targets for Fiscal Year 2025-26, as $225.2 Million for Schedule A, $176.7 Million for Schedule B, and $156.6 Million for others, in accordance with the Water Rate Ordinance No. 184130.

H. Adjournment