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GARCETTI SUPPORTS DWP'S COMMITMENT TO BECOMING ACLEAN-GREEN-ENERGY MACHINE

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    FOR IMMEDIATE RELEASE Contact: Josh Kamensky (213) 473-7013 June 30, 2004 GARCETTI APPLAUDS RENEWABLE PORTFOLIO STANDARD FOR A CLEAN, GREEN, POWER MACHINE The
    Message 1 of 1 , Jun 30, 2004
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      FOR IMMEDIATE RELEASE
      Contact: Josh Kamensky (213) 473-7013
      June 30, 2004


      GARCETTI APPLAUDS RENEWABLE PORTFOLIO STANDARD FOR A CLEAN, GREEN,
      POWER MACHINE

      The Los Angeles City Council yesterday gave unanimous support to a
      plan to develop new power generation using renewable fuel sources
      such as wind, solar, and geothermal power until renewable energy
      accounts for 20% of LA-DWP power, up from less than 2% now. The
      council's action also asks LA-DWP to foster the growth of local
      industry in the design and construction of these renewable
      generating technologies.

      "Our neighborhoods care about the environment locally and globally,
      and they want their DWP to be part of the solution, not part of the
      problem," said Councilmember Eric Garcetti, who has repeatedly called
      on DWP to meet higher environmental standards. "Nor will we be
      satisfied with half a loaf: we want reliability, affordable energy,
      and good local jobs too. The Renewable Portfolio Standard that the
      City Council has now endorsed lays out an intelligent path to these
      objectives."

      In a show of neighborhood interest and support around this issue, a
      representative of the Silver Lake Neighborhood Council testified
      representing the SLNC's position in support of the RPS.

      "LA-DWP is pleased to move forward with developing a strong Renewable
      Portfolio Standard that provides a road map for meeting the goal of
      increasing the City's renewable energy to 20% by 2017," said Frank
      Salas, Acting General Manager of LA-DWP. "LADWP will strive to meet
      this goal without compromising power reliability or the department's
      financial stability."

      Two renewable generating projects are currently in the planning
      stages, and LA-DWP will presently issue a request for proposals for
      projects to meet the plan's first milestone: 13% renewable energy by
      2010. "Green technology", such as the manufacture of solar
      photovoltaic panels, constitutes a high-growth industrial sector in
      which Southern California has good prospects to grow a high-wage
      industry over the long term.

      The specifics of the Renewable Portfolio Standard will be completed
      by the LA-DWP later in the year with the participation of city
      officials, Neighborhood Council representatives, labor leaders,
      environmental advocates, and the business community. In addition to
      providing cleaner air and promoting local job growth, the RPS effort
      will diversify LA-DWP's choices of fuels and reduce its exposure to
      high natural gas prices.
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