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.

SB 677 amends Pennsylvania's public utility law regarding the sale of municipal water and wastewater systems. It requires municipalities to hold a public hearing and conduct a 60-day binding referendum process before selling these systems. During this period, ratepayers receive ballots and public notice detailing the proposed sale, price, and potential impacts on rates and services. The sale of a municipal water or wastewater system cannot be completed unless a majority of the affected ratepayers approve the acquisition.