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PA HB944
Bill
Status
Introduced
3/17/2025
Primary Sponsor
John Lawrence
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AI Summary
- Amends Section 1329 of Title 66 (Public Utilities) to change how utility valuation expert fees are calculated when water or wastewater systems are acquired
- Replaces the previous fee structure (either up to 5% of fair market value or a commission-approved fee) with a requirement that fees be based on hourly rates deemed reasonable by the Public Utility Commission
- Requires utility valuation experts to submit supporting documentation to the commission for each hour billed, in a format determined by the commission
- Mandates commission review and approval of total fees and documentation before payment to valuation experts, while maintaining the 5% fair market value cap on total fees
- 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
Committee Referrals
Local Government3/17/2025
Full Bill Text
No bill text available