PGW sale announcement coming soon, Nutter says

Posted: February 21, 2014

Mayor Nutter told business leaders his office is reviewing bids to sell Philadelphia Gas Works and "we expect an announcement very soon."

Nutter, addressing the Greater Philadelphia Chamber of Commerce on Tuesday, made his case for privatizing the 177-year-old utility. "Selling PGW and unleashing the potential of this asset will increase the development of energy enterprises, reduce overall costs for customers and create a competitive advantage for our city," he said.

A sale will require approval of City Council and the Pennsylvania Public Utility Commission.

comments powered by Disqus
|
|
|
|
|