By Thomas Wyatt, Skye Nickalls and Marc Feller (June 21, 2017, 6:22 PM EDT) -- On June 14, 2017, the Pennsylvania Public Utility Commission (PUC) approved, in a four-to-one vote, Aqua Pennsylvania Wastewater Inc.'s application to acquire the wastewater system of New Garden Township and its Sewer Authority, and to begin providing wastewater service to the residents of New Garden and Kennett Townships in Chester County.
The transaction is the first to be approved using the fair market valuation approach established by the Pennsylvania State Legislature and Governor Tom Wolf with Act 12 of 2016 (Act of Apr. 14, 2016, P.L. 76, No. 12, 66 Pa. C.S. § 1329). Act 12 is changing the landscape for...
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