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 updates Pennsylvania laws to clarify how public utilities value water and wastewater systems they purchase from other companies. It allows the buying utility to include the system's depreciated original cost in its rate calculations immediately after the deal closes or in its first rate filing. The law also requires that any difference between the new system's value and the seller's previous rate base be spread evenly over the next three rate cases. These changes directly affect public utility companies in Pennsylvania and the rates they charge customers for water and wastewater services.