Pennsylvania SB512 repeals provisions on the valuation of acquired water and wastewater systems.

Pennsylvania SB512 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. This bill removes the requirement for utility valuation experts to appraise the selling utility and for the commission to issue a final order on the ratemaking rate base of the selling utility. The repeal affects the procedures for determining the fair market value of selling utilities in voluntary arm's-length transactions.

Pennsylvania SB512 repeals provisions on the valuation of acquired water and wastewater systems.

Pennsylvania SB512 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. This bill removes the requirement for utility valuation experts to appraise the selling utility and for the commission to issue a final order on the ratemaking rate base of the selling utility. The repeal affects the procedures for determining the fair market value of selling utilities in voluntary arm's-length transactions.