FBI raids LA Department of Water and power with sealed federal search warrants

Jon Baird a reporter on KNX 1070 radio, reports that FBI raided the Los Angeles Department of Water and Power this morning, brandishing sealed warrants. Details are sketchy but all I want to know is does this mean I can skip paying my bill this month?

Federal agents are reportedly serving search warrants today at #LADWP and at #LosAngelesCityHall, as part of what has been reported as an "ongoing investigation". The #FBI went in minutes ago. @KNX1070 pic.twitter.com/FlBbDrqtTo

- Jon Baird (@KNXBaird) July 22, 2019

Here at #LADWP, search warrants were being served today as part of an ongoing investigation. One of 3 people walking in the door put on an #FBI jacket as he entered. @KNX1070 pic.twitter.com/PeR3GQgG61

- Jon Baird (@KNXBaird) July 22, 2019

From Wikipedia:

The LADWP has been criticized for allowing excessive overtime. In 2018, 306 of its workers took home more than $100,000 in overtime pay, while the agency paid $250 million for overtime, a new high for the agency. The most egregious example of this is a security worker who was paid $314,000 in overtime, on a listed base pay of $25,000, along with three peers who were paid more than $200,000 overtime each. (The nationwide median wage for security officers was $28,500 in 2018.) One policy which enables these large overtime payouts is a provision in the union contracts which requires a normal shift worked after more than one hour of overtime to be paid at double time, as well as that overtime is not based on working more than 40 hours in a week, but on working time beyond a "normal" shift. [9]:1

A separate study found that LADWP's yearly payroll expense per customer was $490, significantly higher than the national median for large utilities of $280 per customer.

Image: The silent mystery of LADWP's buildings, Mark Frauenfelder