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Stoltz of Coudersport, PA

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Howard's Inc, Coudersport, PA

UPMC Cole

Saturday, March 2, 2019

PUC Adopts Improvements to Procedures for Acquisition and Valuation of Municipal or Authority-Owned Water and Wastewater Systems

HARRISBURG –February 28, 2019-- The Pennsylvania Public Utility Commission (PUC) today adopted a Final Supplemental Implementation Order that addresses enhanced procedures for how acquiring public utilities or entities are to prepare and submit applications to acquire and value municipal and authority-owned water and wastewater systems under Section 1329 of the Public Utility Code. The Commission voted 5-0 to adopt the Final Supplemental Implementation Order, following the detailed review of public comments on the proposed changes to procedures and guidelines.

Signed into law as Act 12 of 2016, Section 1329 of the Public Utility Code addresses the sale of water and wastewater systems owned by municipal corporations or authorities by providing a process for the sale of public water and wastewater assets at fair market values.
With the benefit of more than two years of experience applying Section 1329 to applicable transfers of control under Chapters 11 and 13 of the Public Utility Code and PUC regulations, the Final Supplemental Implementation Order includes a series of enhancements, including:

  • Procedures for notifying all potentially affected consumers, including non-binding estimates of likely incremental rate effects to the ratepayers of the acquired and acquiring utility systems.
  • An Application Filing Checklist.
  • Application Standard Data Requests.
  • Additional Guidelines for Utility Valuation Experts.
  • Guidelines for testimony submitted by Utility Valuation Experts.
The Pennsylvania Public Utility Commission balances the needs of consumers and utilities; ensures safe and reliable utility service at reasonable rates; protects the public interest; educates consumers to make independent and informed utility choices; furthers economic development; and fosters new technologies and competitive markets in an environmentally sound manner.

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