Mayor Sells DWP’s Coal Plant Shares
June 24, 2015
Mayor Eric Garcetti announced this week he has signed an agreement to sell off the Los Angeles Department of Water and Power’s share in a coal-fired energy plant in Arizona, a move that brings the city closer to ending its dependence on coal energy. The signed agreement involves the sale of the LADWP’s 21 percent share in the Navajo Generating Station. “This is an important step toward cleaner air, addressing climate change and creating a clean energy future for Los Angeles,” Garcetti said. The LADWP spent three years negotiating the sale of the shares, with the resulting agreement calling for