Natural gas customers in Philadelphia could have had all of the outdated and unsafe pipes belonging to the aging Philadelphia Gas Works (PGW) pipeline network replaced within 5-10 years, paid for by UIL Holdings Corporation, a Connecticut-based gas and electric utility holding company that offered to buy PGW in a deal brokered by Democrat Mayor Michael Nutter. But the corrupt Philadelphia City Council torpedoed the deal (see Philly City Council Kills the Phila. Gas Works $1.86B Deal). Now PGW ratepayers are going to see an increase–instead of a decrease–in their utility rates in order to “speed up” the pace of replacing unsafe natural gas pipes throughout the city. What does “speed up” mean for a government-owned utility?…
Natural gas customers in Philadelphia could have had all of the outdated and unsafe pipes belonging to the aging Philadelphia Gas Works (PGW) pipeline network replaced within 5-10 years, paid for by UIL Holdings Corporation, a Connecticut-based gas and electric utility holding company that offered to buy PGW in a deal brokered by Democrat Mayor Michael Nutter. But the corrupt Philadelphia City Council torpedoed the deal (see 