Department of Water and Power of the City of Los Angeles
Upcoming Bond Sales
Power System Revenue Bonds 2023 Series D
Amount: Up to $312.39 million*
Expected Sale Date: Week of October 9, 2023*
*Subject to change
Bond Ratings
| Moody's | Fitch | S&P | KBRA | |
|---|---|---|---|---|
| Power System Revenue Bonds |
Aa2 |
AA- |
AA- |
AA
|
| Water System Revenue Bonds |
Aa2 |
AA |
AA+ |
KBRA |
Investor Presentations
LADWP Investor Presentations include unaudited financial and operational information, which is current as of the date of the presentations but is subject to adjustment and may be amended. Additionally, the presentations may include forward looking financial and operational information that is subject to unknown risks, uncertainties, and other factors that may cause actual results to differ materially from the projected results.
Trust Funds Investment Policy
Rates Information
The Los Angeles Department of Water and Power (LADWP) implemented a new water and power rate ordinance effective April 15, 2016, with rate adjustments for 2016 through 2020, that provides funding to accelerate the replacement of aging infrastructure, better protect against drought conditions, and meet water and power supply mandates while improving customer service. The new rates are also designed to further incentivize conservation while keeping LADWP’s rates low in comparison with nearby utilities.
Governance
Continuing Annual Disclosure
For the Fiscal Year ended June 30, 2020