This bill amends Title 66 of the Pennsylvania Consolidated Statutes by repealing Section 1329, which previously outlined the process for establishing the fair market value of acquired water and wastewater systems. The repealed section included detailed procedures for selecting utility valuation experts, conducting appraisals, and determining the ratemaking rate base for acquisitions. It specified the roles of the acquiring and selling utilities, the requirements for appraisals, and the conditions under which the Pennsylvania Public Utility Commission would approve acquisitions.

By removing these provisions, the bill simplifies the regulatory framework surrounding the acquisition of water and wastewater systems, potentially streamlining the process for public utilities and entities involved in such transactions. The act is set to take effect 60 days after its passage, signaling a significant shift in how these acquisitions will be managed moving forward.

Statutes/Laws affected:
Printer's No. 1012 (Mar 17, 2025): 66-1329
Printer's No. 1012: 66-1329