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Los Angeles City Council approves two LADWP rate hikes

A meter is seen in this undated file photo.

October 3, 2012 12:00:00 AM PDT
Los Angeles Department of Water and Power (LADWP) customers will soon see their bills go up.

The Los Angeles City Council voted to finalize approval of to two back-to-back rate increases Tuesday.

A 4.9-percent hike goes into effect on the next bill. A 6-percent hike will go into effect next summer.

The increases are expected to generate more than $300 million for the utility. It says it will use the extra money for projects like rebuilding power plants.

The rate hikes passed by a 9-4 vote Tuesday.