The Committee of Seventy on Monday urged Philadelphia
City Council to schedule a public hearing on the proposed $1.86 billion sale of
Philadelphia Gas Works to UIL Holdings Corp. before Council's summer recess
begins next month.
The nonpartisan group noted that the Connecticut company
can back out of the deal if council does not take action by July 15. Council is
currently awaiting a consultant's report on the proposed sale.
"Beginning the hearings before Council completes
the city's budget process and leaves for summer recess diminishes the
perception that Council may be trying to kill the deal by inaction," Ellen
Mattleman Kaplan, the group's policy director, said in a statement.
Source: Philly.com
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