The company that wanted to buy PGW last year has itself been bought. Was this deal in the works as the PGW deal was being debated?
State officials are now taking a hard look at whether the city-owned utility should speed up the replacement of aging gas mains.
Councilwoman Marian Tasco, who also chairs the city’s Gas Commission, scolded the mayor for, in her view, excluding City Council from the bidding process.
This afternoon brings the start of a two-day hearing in which council members will examine what they call the “highest and best use” of the city-owned utility.
A consultant hired by Philadelphia City Council to analyze the proposed sale of PGW finds several big concerns with the deal, including the possibility that the buyer could simply flip PGW to another buyer.
The head of the PICA board told the mayor’s finance director that he’d like to see the city do more belt-tightening in order to start a rainy day fund.
Members of labor unions representing various groups of Philadelphia municipal workers marched around City Hall both before and after Mayor Nutter’s budget address, to push their concerns.
Binding bids will be due in January, and the city would finalize sales terms by February.
Mayor Nutter said the sale will happen only if it benefits Philadelphia taxpayers and PGW customers.