PRIOR PRINTER'S NO. 2343
PRINTER'S NO. 2881
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1865
Session of
2023
INTRODUCED BY MATZIE, BOROWSKI, HANBIDGE, KAZEEM, KRUEGER,
O'MARA, SAPPEY, McNEILL, MADDEN, DONAHUE, T. DAVIS, PROBST,
HADDOCK, KINSEY, FIEDLER, DELLOSO, KRAJEWSKI, MAYES, DALEY,
CIRESI, SHUSTERMAN, GREEN, CEPEDA-FREYTIZ, CERRATO,
D. WILLIAMS AND FRIEL, NOVEMBER 30, 2023
AS REPORTED FROM COMMITTEE ON CONSUMER PROTECTION, TECHNOLOGY
AND UTILITIES, HOUSE OF REPRESENTATIVES, AS AMENDED,
APRIL 9, 2024
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(c) of Title 66 of the Pennsylvania
Consolidated Statutes is amended to read:
ยง 1329. Valuation of acquired water and wastewater systems.
* * *
(c) Ratemaking rate base.--The following apply:
(1) The ratemaking rate base of the selling utility as
calculated under paragraph (2) shall be incorporated into the
rate base of:
(i) the acquiring public utility during the
acquiring public utility's next base rate case; or
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(ii) the entity in its initial tariff filing.
(2) The ratemaking rate base of the selling utility
shall be the lesser of [the] any of the following:
(i) The purchase price negotiated by the acquiring
public utility or entity and selling utility [or the].
(ii) The fair market value of the selling utility.
(iii) 125% of the depreciated original cost as
calculated under subsection (d)(5) if the acquisition
does not meet the criteria specified under section
1327(a)(2) or (3) (relating to acquisition of water and
sewer utilities).
* * *
Section 2. This act shall take effect in 60 days.
20230HB1865PN2881 - 2 -
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