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Chief prepares to sell DWP assets

Jun 15, 2010 1:28:00 AM - latimes.com
General Manager Austin Beutner hopes to sell L.A.'s share of a coal-fired generating station in Arizona and is weighing a sale and lease-back deal on the utility's landmark downtown building.

The top executive at the Los Angeles Department of Water and Power is laying the groundwork for a sale of some of the agency's biggest assets — including the utility's iconic downtown Los Angeles headquarters — as it seeks to cover rising costs without raising electricity rates.