PGW Is Taking Baby Steps Towards Being Sold

The potential sale of Philadelphia Gas Works (PGW) just took another step towards completion. According to Newsworks, the city is seeking help from advisers to guide them through the process. Newsworks continued, “A report says the utility could be worth up to $1.8 billion, though it has about $1.5 billion in debt and liabilities … the city is taking proposal requests from advisers. May 21 is the deadline, and a contract could be signed by July.” Now that the #1 most dysfunctional thing in Philadelphia is under new ownership, #2 should be an easy sell, right?