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.

PRINTER'S NO. 1011
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 944
Session of
2025
INTRODUCED BY LAWRENCE, CIRESI, GILLEN, KUZMA, SHUSTERMAN AND
ZIMMERMAN, MARCH 17, 2025
REFERRED TO COMMITTEE ON LOCAL GOVERNMENT, MARCH 17, 2025
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(b)(3) of Title 66 of the
Pennsylvania Consolidated Statutes is amended to read:
§ 1329. Valuation of acquired water and wastewater systems.
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(b) Utility valuation experts.--
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(3) Fees paid to utility valuation experts may be
included in the transaction and closing costs associated with
acquisition by the acquiring utility or entity. Fees eligible
for inclusion [may be of an amount not exceeding 5% of the
fair market value of the selling utility or a fee approved by
the commission.] shall be based upon an hourly rate deemed
reasonable by the commission. A utility valuation expert
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shall submit supporting documentation to the commission for
each hour billed in a form determined by the commission. The
total fees due and the supporting documentation shall be
subject to review and approval of the commission prior to
disbursal of the fees to a utility valuation expert. The
total billed amount by a utility valuation expert shall not
exceed 5% of the fair market value of the selling utility.
* * *
Section 2. This act shall take effect in 60 days.
20250HB0944PN1011 - 2 -
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