Philadelphia Gas Works
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.
Much to Mayor Nutter’s chagrin, his controversial plan to sell the Philadelphia Gas Works will not be introduced before City Council adjourns for the summer season.
Mayor Nutter wants to sell the city-owned utility to a Connecticut firm called UIL for $1.86 billion.
The Philadelphia Gas Works is launching an effort to get homeowners to do home energy audits in exchange for rebates for improving the home’s energy efficiency.
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.
The mayor on Monday announced an agreement to sell the city-owned gas utility to UIL Holdings Corp. for $1.86 billion and using some of the proceeds to prop up its distressed pension fund.
Philadelphia inspector-general Amy Kurland says an investigation found that Danella Construction Co. overbilled the city and PGW for materials.
Engine company 66, in Roxborough, remains closed while investigators trace the source of toxic fumes that sickened some firefighters.
Binding bids will be due in January, and the city would finalize sales terms by February.
Philadelphia Gas Works says enrollment in the federal Low-Income Home Energy Assistance program, known as LIHEAP, is open.
A PGW official says about 40 percent of its eligible customers don’t apply for the program. The reason is unclear.
A debate is heating up over whether to reauthorize Pa. Act 201, a law that gives utilities the authority to shut off heat and electricity during the winter for all but the poorest of the poor.
The financial advisor guiding the administration through the proposed sale of the city-owned natural gas utility now predicts a potential sale price of between $1.45 billion and $1.9 billion.
It’s the latest program in the company’s effort to reduce the region’s — and the company’s — carbon footprint.
That prompted PGW to put a lien on his Overbrook home in April 2012.