RE/MAX Achievers shares an update about the feeding frenzy of sales of public water/sewer systems.

RE/MAX Achievers 2 Offices in Collegeville & Pottstown Offering Real Estate Services
RE/MAX Achievers 2 Offices in Collegeville & Pottstown Offering Real Estate Services
Published on May 25, 2023

Public utility update. Feeding frenzy of sales of public water/sewer systems. A change in Pennsylvania law seven years ago has accelerated the rate of public water and sewer system sales to private companies. The sales have left several municipalities flush with cash and customers with higher bills. The law, Act 12 of 2016, was sold as a way to put small, financially struggling water and sewer systems in the hands of private companies that could afford to fix them and prevent environmental violations. But some public water advocates say private companies have targeted stable, functioning systems and offered them sky-high prices as a way to boost shareholder returns. The state Public Utility Commission (PUC) has oversight over the rates that private companies charge and has the authority to approve or reject the sale of public water and sewer systems to private companies. Since 2016, all 22 sales of public water or sewer systems that have come before the commission have been approved. One former PUC vice chairman, Andrew Place, said the commission is too deferential to private utility companies and does not do enough to protect ratepayers.
Source: Daily Local; 5/14/2023

If you have questions about who services your property please contact RE/MAX Achievers and we will guide you as to who to call. RE/MAX Achievers services goes well beyond real estate sales! RE/MAX Achievers agents love what they do!

RE/MAX Achievers sold over $175 MILLION Dollars in real estate in 2022 and sold $150 MILLION Dollars in real estate in 2021, 2020, 2019 and 2018!  RE/MAX Achievers offers real estate services in 5 counties: Montgomery, Chester, Berks, Bucks and Philadelphia counties. Call our agents or find us on Facebook and Instagram at RE/MAX Achievers real estate, two offices located in Collegeville 610-489-5900 or Pottstown 610-326-1200. Call us and see why our realtors are award winning sales agents!

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