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PA HB943
Bill
Status
3/17/2025
Primary Sponsor
John Lawrence
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AI Summary
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Amends Title 66 (Public Utilities) Section 1329 to require selling utilities to obtain documentation from the Independent Fiscal Office before any fair market value acquisition proceeding can begin
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Selling utilities must request and publicly disclose three analyses: costs/benefits of maintaining current ownership, costs/benefits of acquisition under Section 1329 (fair market value), and costs/benefits of acquisition under Section 1327
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Required documentation must be made available both in-person and on a publicly accessible website
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Takes effect 60 days after enactment
Legislative Description
In rates and distribution systems, further providing for valuation of acquired water and wastewater systems.
Last Action
Referred to Local Government
3/17/2025