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Critics Rushing to Judge PGW Sale, Don't Know Facts: UIL

By Lauren Hertzler | Philadelphia Business Journal
|  Monday, Mar 24, 2014  |  Updated 9:14 AM EDT
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Critics Rushing to Judge PGW Sale: UIL

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Since the Nutter Administration announced earlier this month that it has agreed to sell Philadelphia Gas Works to New Haven, Conn.-based UIL Holdings Corp., one question has been on top of nearly everyone’s minds: Will rates increase?

A coalition of unions, consumer groups, neighborhood associations and environmental groups think rates are bound to go up and union workers are conerned that jobs could be lost.

But Michael West, a UIL spokesperson, said, “people are rushing to judgment about what would occur without actually having all the facts.”

As Nutter promised when first examining the possible sale of PGW in 2010, certain criteria had to be met for him to approve a deal. Utility rates would stay the same and no one loses their jobs — for at least three years. Read more about this story on PBJ.com.

For more breaking business news go to PBJ.com

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