ANOTHER OPINION: It’s Wise To Sell PGW

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STATE REP. BILL KELLER

STATE REP. BILL KELLER

BY STATE REP. BILL KELLER/ The possible sale of PGW by the City to UIL Holdings is, in my opinion, a wonderful opportunity for Philadelphia.

For over 20 years, I, along with other elected officials, worked diligently to bring dredging of the Delaware River to our region so that Philadelphia could reap the financial rewards. It is my belief the sale of PGW is similar to the opportunity that dredging brings; the sale of PGW to UIL Holdings would place Philadelphia on the precipice of becoming an energy hub on par with other existing energy centers, such as Houston, Tex.

The decision to sell PGW is more important to our City’s future than many may know. After satisfying all of PGW’s debt and pension obligations, the City will receive another $400-$600 million that is specifically targeted for the city-employee pension fund. Over the long term, that cash infusion will free up more city money for other priorities, such as our public schools. Perhaps even more important, UIL will be able to replace our City’s underground gas mains more expeditiously than PGW, should they continue to operate.

I was dismayed to learn recently there are efforts underway to attempt to undermine the City’s sale of the Philadelphia Gas Works to UIL Holdings. The sales agreement already reached came as the result of open competition among 33 bidders. The City negotiated the most-advantageous deal possible in terms and sale price and has assured an outcome that will greatly benefit PGW customers and all the citizens of Philadelphia.

As a State Representative fighting for Philadelphia to get its fair share of funding, a PGW sale will be a huge step in showing that the City is doing all it can to get its fiscal house in order.

City Council is awaiting a consultant’s report on the wisdom of the sale. I applaud Council for seeking an objective, expert opinion before voting on this matter, and I sincerely do hope they will schedule a public hearing immediately after receiving the report. It is also my hope this process will go forward without the continuing negative efforts to undermine the sale by the companies not chosen in the bidding process.

(Keller represents the 184th State House Dist. in S. Philadelphia.)

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6 Responses to ANOTHER OPINION: It’s Wise To Sell PGW

  1. No mention of the job losses or the fact that the rates will rise. Time to check Bill Keller’s campaign donations; bet there is a nice one from UIL.

    Joe Horan
    June 6, 2014 at 4:23 am

  2. Bill Keller, you’re another scum who doesn’t care about the workers and families that this sale, if approved, will hurt. You are just another reason I do not have faith in our government and our once-great country. You and your fellow representatives only do what’s good for your own personal gain.

    This is another reason why I’m thinking of not voting for the first time in my 20 years of voting, as I see there is no reason!

    Michael
    June 6, 2014 at 5:51 am

  3. Why is Keller’s input in this situation even needed? Maybe we should have him write an article with an explanation of why his office was recently raided. I’m sure within his district there are a lot of employees that could possibly loose their jobs or retired PGW workers who could lose benefits. Does none of that matter to him?

    Keller vote no
    June 6, 2014 at 8:06 am

  4. Huge job loss, higher rates for citizens, senior and low-income programs reduced to a fraction of their current number, no annual $18 million payment to City’s General Fund and major safety risk to public with inexperienced workers working on natural gas in residential neighborhoods … just to cover a few of the things you didn’t consider. Every one of these issues affects the people in your District! A man of the working class no more, “Shilly Billy”. Big-Business Bill seems more appropriate!

    Kane
    June 6, 2014 at 6:07 pm

  5. Tell that to all the remaining employees of PGW that are going to lose their pensions to fix the Nuttes administrations screwup of their undefunded pensions … yeah good deal, you say.

    Joe babe
    June 7, 2014 at 8:00 am

  6. It’s easy and you just start off slow.

    Reena
    September 19, 2014 at 7:05 am

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