PRINTER'S NO. 2654
No. 2063 Session of 1999
INTRODUCED BY VEON, LESCOVITZ, GEORGE, BELARDI, WALKO, BEBKO-
JONES, LaGROTTA, SURRA, COLAFELLA, TRAVAGLIO, STEELMAN,
LAUGHLIN, CAPPABIANCA, FREEMAN, PESCI, READSHAW, BELFANTI,
YOUNGBLOOD, ROONEY, HARHAI, STABACK, TRELLO, JOSEPHS AND
GRUCELA, NOVEMBER 15, 1999
REFERRED TO COMMITTEE ON CONSUMER AFFAIRS, NOVEMBER 15, 1999
AN ACT
1 Amending Title 66 (Public Utilities) of the Pennsylvania
2 Consolidated Statutes, providing for utility industry
3 restructuring.
4 The General Assembly of the Commonwealth of Pennsylvania
5 hereby enacts as follows:
6 Section 1. Title 66 of the Pennsylvania Consolidated
7 Statutes is amended by adding a chapter to read:
8 CHAPTER 20
9 UTILITY INDUSTRY RESTRUCTURING
10 Sec.
11 2001. Applicability.
12 2002. Mandatory rate reduction.
13 § 2001. Applicability.
14 In addition to any other specific requirements contained in
15 this title, the provisions of this chapter shall apply to the
16 restructuring or deregulation of any public utility industry.
17 § 2002. Mandatory rate reduction.
1 In the event a public utility realizes savings because of:
2 (1) the sale, purchase or transfer of one or more
3 Pennsylvania divisions, business units or facilities;
4 (2) merger with another entity; or
5 (3) reductions in work force as a result of paragraph
6 (1) or (2) or the general restructuring or deregulation of
7 the public utility industry,
8 then 50% of the savings realized shall accrue to the benefit of
9 the customers of the public utility in the form of reductions in
10 rates charged.
11 Section 2. This act shall take effect in 60 days.
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