By Mike Dunn

PHILADELPHIA (CBS) – One lawmaker this past week lashed out at a state agency which has given its thumbs-up to Mayor Nutter’s plan to sell PGW.

Members of the board of PICA, the state agency that oversees Philadelphia’s finances, voted on Tuesday to give its non-binding approval to the PGW sale, following a presentation by the Nutter Administration.

PICA will send a letter to Council voicing its support, but already one council member is livid.  Marion Tasco — in a speech on the floor of City Council — slammed PICA for not doing its due diligence:

“PICA decided to approve the sale after reviewing a seven-page presentation from the Administration.  Seven pages!”

Tasco, who has already said she personally opposes the sale, said in contrast, City Council has hired a consultant to probe the deal, including the 85-page purchase agreement:

“If responsible elected officials don’t carefully examine all of the details of a transactions the citizens will get burned!”

Nutter wants to sell PGW to a private firm, “UIL,” for nearly two-billion dollars, with about a quarter of the proceeds being invested into the struggling city workers pension fund.

Council’s consultant will study both the winning bidder and the larger question of whether a sale should take place.

Council President Clarke has yet to schedule a hearing on the plan, and, in fact, the mayor’s legislation for Council to approve the deal has not even found a sponsor on Council who’s willing to introduce it.

The sale would also require approve of the state Public Utility Commission.

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