Bill > SB512

This bill proposes to completely repeal Section 1329 of Title 66 of the Pennsylvania Consolidated Statutes, which currently provides detailed regulations for valuing water and wastewater systems when they are acquired by a new public utility or entity. The existing law established a comprehensive process for determining the fair market value of a selling utility, including requirements for selecting two independent utility valuation experts who would conduct separate appraisals, mandating specific appraisal standards, and outlining how the valuation would be used in subsequent rate-setting proceedings. By repealing this entire section, the bill eliminates the current structured approach to valuing water and wastewater system acquisitions, which previously required detailed documentation, expert appraisals, and specific guidelines for incorporating the acquired utility's assets into the acquiring utility's rate base. The bill will take effect 60 days after its enactment, potentially giving the Public Utility Commission and water/wastewater utilities more flexibility in how they handle future system acquisitions.

Labor and Employment

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=512