An Act amending Title 66 (Public Utilities) of the Pennsylvania Consolidated Statutes, in rates and distribution systems, repealing provisions relating to valuation of acquired water and wastewater systems.

HB 945 repeals specific provisions in Pennsylvania law that governed how the fair market value of water and wastewater systems is calculated when one utility acquires another. The bill removes a detailed 5-step valuation process requiring two independent appraisals, standardized appraisal methods, and specific rate base incorporation rules. This directly affects water and wastewater utilities involved in voluntary acquisition transactions within Pennsylvania. The repeal simplifies the process by eliminating these valuation requirements, though it does not change how acquisition costs are ultimately handled in rate cases.