January 29, 2015
ISSUE | LENDING Legacy disappointed some city borrowers In 2001, as a manager at a mortgage company that made home improvement loans in Pennsylvania and New Jersey, I was affected by Philadelphia's new predatory-lending law, which retiring City Councilwoman Marian B. Tasco considers part of her legacy ("Tasco looks back on a long Council career," Jan. 19). Because this law required that low rates be charged to all borrowers regardless of credit qualifications, many less-qualified borrowers in the city no longer qualified for the loans that they needed to fix leaking roofs or broken heaters.
January 20, 2015 |
Marian B. Tasco started working as a Philadelphia Police Department clerk in 1959, cross-checking pawnshop inventory with records of stolen goods. As the new kid on the block, the 22-year-old single mother from North Carolina got stuck with the harder-to-identify merchandise. "People were stealing a lot of suits back then, men's suits," she said, laughing at the recollection. "Let me tell you, it's hard to identify a stolen suit, but I caught some. " At the time, Tasco never imagined she would go on to work in City Hall for more than 30 years, save a controversial one-day retirement.
January 15, 2015 |
THE MAY 19 DEMOCRATIC primary election is shaping up with some new faces expected on the ballot and one veteran city politician wrapping up her tenure. City Councilwoman Marian Tasco, leader of the 50th Ward, told her committee people Monday night that she will not run for an eighth term in the 9th District. Tasco yesterday said she hopes state Rep. Cherelle Parker takes her place on Council. Parker, who started her career as a high-school intern in Tasco's City Hall office, said she has been in "nonstop" conversations since Monday's announcement.
January 15, 2015 |
After 27 years on Philadelphia City Council, Marian B. Tasco is calling it quits. The veteran politician will not seek reelection to her Ninth District seat, and instead said she would endorse a former aide, State Rep. Cherelle L. Parker (D., Phila.), to succeed her. Tasco, 77, said Tuesday that she had been thinking about retirement for a while, given her age and recent health issues. She said she was ready to take some time off and help a new generation of city leaders. "I've been working since I was 12 years old," she said.
November 20, 2014 |
Marian B. Tasco, the veteran city councilwoman who has led opposition to Mayor Nutter's proposed sale of the Philadelphia Gas Works, is unfazed that there may be hell to pay if PGW's $1.86 billion privatization fails. "The people who influence me are the 150,000 who live in my district, who say we should keep our utility," Tasco, the Ninth District councilwoman, said Tuesday after a meeting of the Philadelphia Gas Commission, the city body she chairs. The Pennsylvania Public Utility Commission signaled Friday that there might be serious repercussions if City Council did not give a fair hearing to the proposed $1.86 billion sale to UIL Holdings Corp.
November 16, 2014 |
An exasperated Pennsylvania Public Utility Commission signaled there may be serious repercussions as a consequence of City Council's failure to consider a proposed $1.86 billion privatization of Philadelphia Gas Works. Two PUC members suggested the commission, the state body responsible for setting rates, could force the city to give up the $18 million annual fee it now receives from PGW and spend the money instead on speeding up gas-main replacement. PUC Commissioner James H. Cawley also suggested the legislature should consider removing City Council and its gas agency from any regulatory oversight of the municipal utility, eliminating a vexing jurisdictional overlap.
November 14, 2014 |
Eight months after UIL Holdings Corp. signed an agreement to buy Philadelphia Gas Works for $1.86 billion, it finally got a hearing Thursday night before City Council. It lasted about 10 minutes. At the end of nearly six hours of testimony about future options for PGW since City Council has blocked consideration of a sale, Alex V. DeBoissiere, UIL senior vice president, was granted an opportunity to speak. It was the first time a UIL official has had a chance to speak at a Council hearing since Mayor Nutter chose the Connecticut company to buy PGW. Council members told DeBoissiere they believed that the sale agreement could not be amended _ that the Nutter administration had given them a take-it-or-leave-it deal.
November 2, 2014 |
The Pennsylvania Public Utility Commission will hold a one-day session on Nov. 14 at Drexel University to explore plans for Philadelphia Gas Works in the aftermath of a collapsed deal to sell the city utility. The session will not be aimed at dissecting the collapse of the $1.86 billion agreement to sell PGW to UIL Holdings Corp., but will address how PGW plans to address its high rates, aging infrastructure and low-income programs in the absence of a sale, said Jennifer Kocher, the PUC's spokeswoman.
July 10, 2014 |
Philadelphia City Council may have taken the summer off, but its tit-for-tat continues with the Nutter administration over the sale of the city's gas utility. Council is spending $20,000 to run radio ads explaining why it has not taken action on the proposed sale of Philadelphia Gas Works, which Nutter announced more than four months ago. Under the nearly $2 billion sale agreement proposed in March, Connecticut-based UIL Holdings Corp. has the option to back out of the deal after July 15 if City Council has not taken action.