COMMONWEALTH OF PENNSYLVANIA PENNSYLVANIA PUBLIC UTILITY COMMISSION 400 North Street, Harrisburg, PA 17120 IN REPLY PLEASE REFER TO OUR FILE M-2016-2543193 July 21, 2016 [See Service List Attached] Re: Docket No. M-2016-2543193; Implementation of Section 1329 of the Public Utility Code Registration of Utility Valuation Experts Involving Fair Market – Valuation of Acquired Municipal Water and Wastewater Systems To Prospective Utility Valuation Experts: The Pennsylvania Public Utility Commission (Commission) is issuing this invitation to various professional associations to share with their members who may wish to apply for inclusion on the official list of Utility Valuation Experts Commission’s (UVEs) required by Act 12 of 2016 (Act 12), as explained in more detail below. On April 14, 2016, Governor Tom Wolf signed into law Act 12 of 2016 which amended Chapter 13 of the Pennsylvania Public Utility Code (Code) by incorporating a new Section 1329. 66 Pa. C.S. § 1329. Effective June 13, 2016, Section 1329 of the Code enables public utilities or entities to utilize fair market valuation when acquiring water and wastewater systems located in the Commonwealth that are owned by a municipal corporation or authority. Section 1329(a)(1) requires the Commission to maintain a list of UVEs from which the acquiring public utility or entity and selling utility will choose. To be included on that list, UVEs must submit an application and a $125 application fee as outlined under our Tentative Implementation Order, entered July 21, 2016, which can be accessed on our website at:
COMMONWEALTH OF PENNSYLVANIA PENNSYLVANIA PUBLIC UTILITY COMMISSION 400 North Street, Harrisburg, PA 17120 IN REPLY PLEASE REFER TO OUR FILE M-2016-2543193 July 21, 2016 [See Service List Attached] Re: Docket No. M-2016-2543193; Implementation of Section 1329 of the Public Utility Code – Registration of Utility Valuation Experts Involving Fair Market Valuation of Acquired Municipal Water and Wastewater Systems To Prospective Utility Valuation Experts: The Pennsylvania Public Utility Commission (Commission) is issuing this invitation to various professional associations to share with their members who may wish to apply for inclusion on the Commission’s official list of Utility Valuation Experts (UVEs) required by Act 12 of 2016 (Act 12), as explained in more detail below. On April 14, 2016, Governor Tom Wolf signed into law Act 12 of 2016 which amended Chapter 13 of the Pennsylvania Public Utility Code (Code) by incorporating a new Section 1329. 66 Pa. C.S. § 1329. Effective June 13, 2016, Section 1329 of the Code enables public utilities or entities to utilize fair market valuation when acquiring water and wastewater systems located in the Commonwealth that are owned by a municipal corporation or authority. Section 1329(a)(1) requires the Commission to maintain a list of UVEs from which the acquiring public utility or entity and selling utility will choose. To be included on that list, UVEs must submit an application and a $125 application fee as outlined under our Tentative Implementation Order, entered July 21, 2016, which can be accessed on our website at:
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