The (lazy) Philadelphia City Council went on summer recess before doing the city’s business of evaluating the $1.86 billion deal to sell the city-owned Philadelphia Gas Works to UIL Holdings Corporation, a Connecticut-based investor-owned gas and electric utility (see Phila. Gas Works Deal in Jeopardy Due to Vacationing City Council). They’re excuse for heading to the Jersey shore before doing their jobs? They need more “studies”. Their lackadaisical handling of the deal means UIL could, as of yesterday, walked away from the deal. Fortunately for Philadelphians, UIL has decided to stick around–for now…
