Consultant’s report on PGW sale plan nearly complete

 Philadelphia City Council President Darrell Clarke said part of a consultant's report on implications of the possible sale on PGW is complete. (Tom MacDonald/WHYY)

Philadelphia City Council President Darrell Clarke said part of a consultant's report on implications of the possible sale on PGW is complete. (Tom MacDonald/WHYY)

City Council now has the first part of a consultant’s report analyzing a proposal to sell the Philadelphia Gas Works. 

City Council President Darrell Clarke confirmed Wednesday that part of the report is complete and will soon be made available to council members.

“One part of the consultant’s report is completed, We will be having briefings with members of council over the next two to three weeks,” Clarke said. “They are finalizing the second part of the consultant’s report that talks about the existing company.”

That second part of the report by consultant Concentric will look at how PGW would fare if the $1.86 billion sale to UIL Holdings does not go through.

Whether any City Council member will introduce a bill to sell the utility, and when that might  happen, are still up in the air, Clarke said.

“We hope to come to some conclusion in the relatively near future on the sale of PGW,” he said.

Mayor Michael Nutter is pressing to complete the sale before the end of the year. The agreement of sale between the city and the Connecticut company expires at that time.

 

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