An Act amending Title 66 (Public Utilities) of the Pennsylvania Consolidated Statutes, in rates and distribution systems, repealing provisions relating to valuation of acquired water and wastewater systems.

SB 512 repeals specific valuation rules for water and wastewater utility acquisitions in Pennsylvania. It removes a detailed process requiring both buyer and seller to hire separate appraisers, use three valuation methods, and submit appraisals to the Public Utility Commission for approval. This change directly affects water/wastewater utilities involved in voluntary sales to public utilities or entities, as it eliminates the prior requirement for formal valuation procedures during transactions. The bill does not create new rules but removes existing regulatory steps for determining asset value in these acquisitions.