LA Department of Water and Power to Launch $300M Debt Relief Program

1 year ago 104

The Los Angeles Department of Water and Power (LADWP) announced connected Nov. 1 an economical alleviation programme of astir $300 cardinal to trim inferior indebtedness for implicit 250,000 qualifying low-income customers who are financially harmed by the COVID-19 pandemic.

As the “most comprehensive” inferior indebtedness assistance inaugural successful the city’s history, the programme aims to assistance low-income customers falling down connected their inferior bills earlier the pandemic.

The backbone of this programme is the $285 cardinal pandemic alleviation funds from the State of California. LADWP volition dedicate $15 cardinal to the effort, complementing authorities and national funds.

“No 1 who is struggling to marque ends conscionable should look further hardship, and this caller programme volition present indispensable fiscal alleviation to assistance hard-working Angelenos get backmost connected their feet,” said Mayor Eric Garcetti.

Martin L Adams, LADWP wide manager and main engineer, echoed Garcetti’s point, adding the alleviation could assistance thousands of people.

“We besides recognize that fiscal hardships proceed for galore of our customers and are precise pleased to connection further assistance to tens of thousands much customers who request assistance,” said Adams.

Utility customers don’t request to instrumentality immoderate enactment to instrumentality vantage of the program. Qualifying customers volition person credits connected their bills erstwhile the authorities funds go disposable successful the adjacent 2 weeks.

After the recognition is granted, customers who inactive person unpaid bills volition go eligible for further fiscal assistance, including an interest-free extended repayment play and the Low-Income Home Energy Assistance Program.

The repayment play tin beryllium extended from 1 to 3 years for those with past owed balances.

For the Low-Income Discount Program, participants tin instrumentality 4 years to repay their bills. With $15 cardinal funding, this programme whitethorn supply up to $500 indebtedness assistance to arsenic galore arsenic 80,000 low-income customers, to assistance them support entree to powerfulness and water.

Additionally, the Board of Water & Power Commissioners voted unanimously Oct. 26 to widen the inferior shutoff moratorium to March 31 adjacent year, truthful the customers would person ample clip to entree the alleviation funds and assistance.

For the Low-Income Discount Program, Customer whitethorn sojourn www.ladwp.com/financialassistance to cheque their eligibility.

As the pandemic continues to undermine fiscal security, much Californians are falling down connected paying their inferior bills. Officials recovered that lawsuit arrearages person importantly accrued since the commencement of the COVID-19 pandemic.

In 2020, astir 9 cardinal Californians person past owed bills, resulting successful a full magnitude of $1.15 cardinal inferior debt, according to California Public Utilities Commission (CPUC).

The bulk of these customers beryllium little than $200 successful inferior bills, and astir 1.5 cardinal beryllium betwixt $200 and $500.

The CPUC Commissioner Clifford Rechtschaffen said the inferior indebtedness has been accumulating “largely due to the fact that of the pandemic and the economical downturn.”

Alice Sun

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