Pennsylvania HB945 repeals provisions relating to the valuation of acquired water and wastewater systems.
Pennsylvania HB945 repeals Section 1329 of Title 66 of the Pennsylvania Consolidated Statutes, which previously outlined the process for establishing the fair market value of selling water and wastewater utilities. The repealed section mandated the use of utility valuation experts to determine the fair market value through appraisals, and specified the inclusion of these appraisals in applications for commission approval. The bill removes these requirements, affecting the procedures for acquiring public utilities and entities involved in voluntary arm's-length transactions.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.