Philly City Council Won't OK $1.9B Gas Utility Sale

By Kelly Knaub (October 27, 2014, 8:01 PM EDT) -- The Philadelphia City Council on Monday rejected Mayor Michael A. Nutter's plan to privatize Philadelphia Gas Works in a nearly $2 billion sale to UIL Holdings Corp., saying the financial and public policy risks of what would have been the biggest deal in the city's history outweighed its benefits....

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