An Act amending Title 66 (Public Utilities) of the Pennsylvania Consolidated Statutes, in rates and distribution systems, further providing for valuation of acquired water and wastewater systems; and providing for water ratepayer bill of rights.

SB 338 requires water and wastewater utilities in Pennsylvania to hold a ratepayer vote before selling systems valued at $1 million or more, with the commission blocking approval if a majority disapproves. It creates a "water ratepayer bill of rights" mandating annual reports showing acquisition costs, rate changes, and subsidies for former municipal customers, plus annual water source notifications. The bill directly affects residential ratepayers and water utilities, requiring transparency about privatization impacts and service changes. Key provisions include mandatory public voting on utility sales, detailed annual reporting on acquisition costs, and requirements for notifying customers about water sources and land access rights.