PRINTER'S NO. 1947
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
629
Session of
2023
INTRODUCED BY LAWRENCE, CIRESI, GILLEN, HANBIDGE, MOUL,
SHUSTERMAN AND C. WILLIAMS, AUGUST 30, 2023
REFERRED TO COMMITTEE ON CONSUMER PROTECTION, TECHNOLOGY AND
UTILITIES, AUGUST 30, 2023
AN ACT
Amending Title 66 (Public Utilities) of the Pennsylvania
Consolidated Statutes, in rates and distribution systems,
further providing for valuation of acquired water and
wastewater systems.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1329 of Title 66 of the Pennsylvania
Consolidated Statutes is amended by adding a subsection to read:
ยง 1329. Valuation of acquired water and wastewater systems.
* * *
(f.1) Independent Fiscal Office documentation.--Before the
commencement of a proceeding of a fair market value acquisition
of a selling utility, the selling utility shall request, receive
and make available, in-person and via a publicly accessible
Internet website, the following documentation from the
Independent Fiscal Office:
(1) An analysis of the costs and benefits of maintaining
the selling utility under its current ownership structure.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
(2) An analysis of the costs and benefits of the selling
utility being acquired by an acquiring public utility under
this section.
(3) An analysis of the costs and benefits of the selling
utility being acquired by an acquiring public utility under
section 1327 (relating to acquisition of water and sewer
utilities).
* * *
Section 2. This act shall take effect in 60 days.
20230HB0629PN1947 - 2 -
1
2
3
4
5
6
7
8
9