Might not write that report on DWP after all, since I focus too much on unpaid work. Suffice it to say the following:
(1) the Mayor's opponents will attack his leadership of Solar LA - this will have an unknown impact on Villaraigosa's plans for higher office
(2) Controller Greuel's audit, due in a couple months, will either be buried or blown out of proportion. I suspect it will indicate that Solar LA is too ambitious at current levels of revenue, and recommend either a rate hike, scaling back of solar projects, and/or divestment of some "green energy" projects.
(3) if LA eventually takes over DWP, and LA eventually files bankruptcy, Roy's pension will possibly be toast given McManus's rulings on Vallejo, which filed for bankruptcy in 2008. Vallejo ended up not touching pension terms with currently retired individuals, but did change terms for new hires.
(4) a smart private company will scoop up the inevitable solar divestment by DWP, provided they receive tax credits/incentives. If Edison International or Pacific Gas & Electric aren't looking into this, they should be. I will bring it up in a hiring interview if it comes to that.
(5) Board of Water and Power commissioners serve at the pleasure of the City Council, and especially the Mayor. The last 20-30 years has seen a steady erosion in their independence, reflecting a trend toward accountability and away from autonomy. Don't expect independent oversight. Do expect continued unanimous decisions.
(6) Related to (5) - the DWP was a political punching bag, and willingly took one for the team. This will, unfortunately, help let the mayor and the city council off the hook. You can criticize DWP for a lot of things, but they appear to have been deliberately made the villain. After all, they are the only ones not facing elections.
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