The bidding war for the Philadelphia Gas Works has stepped
on the toes of some City Council members when lobbyists began contacting them
directly, violating the confidentiality agreements designed to prevent details
of this sale going public.
The lobbyists claim to represent the bidders and have been
issued a warning to fall back from Suzanne Biemiller, Mayor Michael Nutter’s first
deputy chief of staff, according to this story from the Philadelphia Inquirer.
Here's more:
Guessing which utilities or private equity firms are vying
to buy PGW has turned into a City Hall parlor game.
"I should say there are certainly many rumors floating
around the city," Biemiller said. "We certainly haven't confirmed any
of those rumors. You can't keep people from talking and speculating, but the
bidders themselves are eager to keep their names confidential at this
point."
In November a pool of 30 bidders was narrowed down for the
final round of bids to be developed for submission in January. Net sales
proceeds could award the city between $400 and $900 million, which Mayor Nutter
has suggested be used to benefit the city’s pensions fund.
Source: Philadelphia
Business Journal
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