This bill amends Title 66 of the Pennsylvania Consolidated Statutes, specifically focusing on the valuation of acquired water and wastewater systems. A new subsection (f.1) is added to Section 1329, which mandates that before any fair market value acquisition proceedings of a selling utility commence, the selling utility must request and obtain documentation from the Independent Fiscal Office. This documentation must include analyses of the costs and benefits associated with maintaining the selling utility under its current ownership, as well as the implications of the utility being acquired by an acquiring public utility, both under the new section and under section 1327.

The bill aims to enhance transparency and provide a comprehensive evaluation of the financial impacts of utility acquisitions, ensuring that stakeholders have access to critical information. The act is set to take effect 60 days after its passage.

Statutes/Laws affected:
Printer's No. 1010 (Mar 17, 2025): 66-1329
Printer's No. 1010: 66-1329