Philadelphia Gas Works
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.
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.