The bill amends Title 66 of the Pennsylvania Consolidated Statutes, specifically focusing on the valuation of acquired water and wastewater systems. It modifies Section 1329(b)(3) to establish new guidelines for the fees paid to utility valuation experts involved in the acquisition process. The previous provision, which allowed fees not exceeding 5% of the fair market value of the selling utility or a fee approved by the commission, has been deleted. Instead, the new language stipulates that fees must be based on an hourly rate deemed reasonable by the commission, and requires utility valuation experts to submit supporting documentation for each hour billed.

Additionally, the bill mandates that the total fees due, along with the supporting documentation, must be reviewed and approved by the commission before any disbursal of fees to the utility valuation expert. The total billed amount is still capped at 5% of the fair market value of the selling utility, ensuring that costs remain regulated. This act is set to take effect 60 days after its passage.

Statutes/Laws affected:
Printer's No. 1011 (Mar 17, 2025): 66-1329(b)(3)
Printer's No. 1011: 66-1329(b)(3)