KPCC's correspondent and man-about-town Frank Stoltze is covering this announcement. But I'm interested by the release from the mayor's office, which notes that the new deputy mayor and jobs chief "will be given a large portfolio with unprecedented oversight of City resources beginning with a direct line of authority over the Department of Water and Power (DWP), the Port of Los Angeles, and economic development and business policy issues at the Los Angeles World Airports." It goes on: "As the three main engines of economic development in Los Angeles, the Port, airports and the DWP will be focused on using their considerable leverage to create jobs while delivering their core services successfully and efficiently."
The Wall Street Journal's Tamara Audi had some ideas about what that might mean. "The Department of Water and Power, the biggest municipal-owned utility in the nation, has an enormous capital-expenditure budget," she wrote. "It could try to lure firms to locate in the area by promising to purchase equipment such as solar panels from them, for example."
We'll be hearing more about what that means this week, as Mr. Beutner and Mr. Villaraigosa make their way around town, to business roundtables and a discussion in the Valley.