An Act amending Title 66 (Public Utilities) of the Pennsylvania Consolidated Statutes, in rates and distribution systems, further providing for valuation of acquired water and wastewater systems.

This bill amends Pennsylvania laws to set a strict six-month deadline for the Public Utility Commission to issue final decisions on applications regarding the valuation of water and wastewater systems acquired by public utilities. The change directly affects utility companies seeking to determine the value of these assets and the regulatory body responsible for overseeing the process. By removing the previous language that allowed for extensions, the legislation ensures a faster timeline for resolving these specific valuation cases. The act takes effect immediately upon passage.