Thanks to renewable energy, L.A. electricity rates skyrocket
The city of Los Angeles plans to raise its citizen's utility bills in the hopes of driving up the usage of renewable energy.
Determined to fulfill his pledge to require Los Angeles to derive 20% of its electricity from renewable sources by end of the year, Mayor Antonio Villaraigosa is moving ahead with plans to impose a stiff carbon surcharge on monthly utility bills. The mayor's goal is to push the city's Dept. of Water and Power (DWP) away from coal and toward wind and solar energy. Under the plan unveiled March 15, households that get their power from DWP could see their electricity bills increase by 8.8 to 28.4%, depending on where they live and how much energy they use. The plan will be phased in over the next year.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey