Philadelphia Gas Works
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.
Mayor Michael Nutter says it was his own mistake in missing a single payment that led PGW to place a lien on his home.
Mum is mostly the word from Mayor Nutter’s press office over word that Philadelphia Gas Works had a court place a lien on Nutter’s home in May because he hadn’t paid his gas bill.
Mayor Nutter said the sale will happen only if it benefits Philadelphia taxpayers and PGW customers.
The man who helped both the Philadelphia Gas Works and the Philadelphia School Disrict address their financial woes has been chosen by Mayor Nutter to take charge of going after the city’s many tax deadbeats.
The five-member Philadelphia Gas Commission, which oversees PGW’s budget, voted 3-2 to approve more than $2.3 million in PGW revenues to pay legal, financial, and public relations consultants.
Councilwoman Marian Tasco, who chairs the Philadelphia Gas Commission, doesn’t believe that PGW ratepayers should foot the bill for the privatization effort.
A water main break that closed the 1600 block of Walnut Street, Saturday, is repaired but the street remains closed to traffic, indefinitely.
Craig White stopped by with more information on a new program offered by Philadelphia Gas Works.
Philadelphia Gas Works is increasing the rate it charges its customers for the next three months, because of natural gas market conditions.
The Philadelphia Gas Works is lowering the price of natural gas by 2½ percent, and that should save the average customer more than $34 per year.
By Jim Donovan: The Philadelphia Gas Works (PGW) today announced that it will decrease what residential customers pay for natural gas. The average residential heating customer will pay about 6.6 percent less per month for […]
The mayor’s announcement follows the release of a study that found selling PGW makes sense for the city. Unionized workers vow a fight.