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City Council, Through Sheer Incompetence, Either Did Or Did Not Do A Good Thing By Negging The PGW Deal

Wednesday, October 29th, 2014

Food for thought in the land of stopped clocks being right twice a day: As the Mayor himself has noted, City Council’s colossal Philly shrug on a deal that would have at long last pulled the PGW monkey off the City’s back was not a high point in local government. For a variety of reasons, […]

Watch Michael Nutter Talk With Sadness And Exasperation About How City Council Screwed The Pooch On The PGW Deal

Tuesday, October 28th, 2014

… to an audience of apparently no one, and with no one by his side. This will make you sad. It will make you even sadder to know that, as of this writing, this video only has 47 views. And yet, there he is, lonely and… completely correct when he talks about how City Council […]

That’s So Philly: SEPTA Bus Falls Into PGW Hole On N3rd Street

Wednesday, August 13th, 2014

Nothing we could say about this could say more than what this is saying.

PSA: City Releases FAQ, Website With Info On PGW Sale

Thursday, March 27th, 2014

Wondering how this whole PGW mess might go down? The City just released a lengthy FAQ about the impending sale, posted on a whole website about the matter, exploringsale.com.

PGW Sells For Roughly The Price Of Your Total Gas Bill This Winter

Monday, March 3rd, 2014

Which is to say: 1.86 billlllllllion dollars! The lucky bidder was UIL Holdings Corp. of New Haven, Conn. who, in exchange for the city’s lamest utility, have promised to at least keep up the appearance that they’re offering all present PGW staff the jobs they have now. What’s more, UIL would seem to know what […]

Mayor Claims That There’s Actually People Who Want To Buy PGW

Thursday, September 12th, 2013

There is a thing that David Letterman is fond of saying: “I wouldn’t give your troubles to a monkey on a rock.” This feels right when describing the feelings of many Philadelphians regarding the Philadelphia Gas Works. But just a month in to the bid-off for the beleaguered PGW, City Hall described the bidding process […]

PGW Could Be Sold By The End Of The Year

Tuesday, August 6th, 2013

On Friday afternoon, Mayor Nutter‘s office slid out a press release announcing that the City Of Philadelphia had taken its first real steps toward ridding itself of PGW by issuing a Request for Qualifications (RFQ) from interested parties. The details of that RFQ request aren’t particularly interesting, but the deadlines around it are: Bidders the […]

PGW Sale Faces Opposition, Is A Mess To The Surprise Of No One

Monday, December 10th, 2012

We’ve been talking about the impending sale of PGW for a little while now (it’s even getting some Excommunication votes), and up to this point, we had heard very little on the resistance front. Well, no longer: According to The Inquirer, resistance to PGW’s sale is coming from the Philadelphia Gas Commission, the city’s public […]

Are You A Qualified Broker? Do You Want To Manage The PGW Sale Process?

Wednesday, November 14th, 2012

We’re going to go ahead and assume your answer to both of those questions is no, but hey, if you know anyone, tell ‘em the city is looking for them: According to a press release, “The City of Philadelphia (City) and the Philadelphia Gas Works (PGW), which serves more than 500,000 residential, commercial and industrial […]

PGW Provides New Nightmare Situation For Landlords/Tenants

Monday, October 8th, 2012

Late on your bill? There’s a lien for that. From the people who brought you… PGW.

PGW Is Taking Baby Steps Towards Being Sold

Tuesday, April 24th, 2012

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 … […]

Company That Once Operated PGW To Consider Bidding On It Because They Are Gluttons For Punishment

Tuesday, February 21st, 2012

PGW only falls a few steps short of PMN on the “most dysfunctional things for sale” list, but of course, the pending sale of PGW will attract big time buyers. According to Business Week, King of Prussia’s UGI Corp. (which ran PGW from 1961 to 1972) is considering a bid, but said, “It sounds like […]

PGW Sale Could Net City $496 Million

Tuesday, February 14th, 2012

Yesterday, Lazard released their 48-page study into whether the sale of PGW would be a viable option for the City of Philadelphia. Mayor Nutter looked at what Lazar found and promptly slapped a “For Sale” sign right on PGW, but what could the sale make for the city? According to Bloomberg, Lazard valued PGW at […]

If Owning PMN Isn’t Your Thing, PGW Could Also Possibly Be Yours

Monday, February 13th, 2012

Only last week, we were told we would soon see, “a detailed analysis … that examines the possible sale of PGW to a private entity.” Today, a 48-page study by Lazard (a financial advisor hired by the city) was laid out by Mayor Nutter, who recommended the city, “pursue a process to transfer ownership and […]

Average PGW Gas Bill To Drop 2%

Thursday, September 1st, 2011

The Philadelphia Gas Works has a little bit of good news for it’s subscribers today. According to Philadelphia Business Journal, “The city-owned utility said residential heating customers will pay $1.52 per hundred cubic feet for gas this quarter, down from $1.56 per hundred cubic feet last quarter. PGW said the change will lower the monthly […]

PGW Sells Off Ghetto-Ass Bonds That Will Likely Keep It Municipally Owned For Years To Come

Wednesday, August 11th, 2010

A tipster tells us: “PGW plans to sell about $150 million in revenue bonds tomorrow to fund capital projects and refinance debt. The securities are rated third-lowest, at BBB+, by S&P, and second-lowest, at Baa2, by Moody’s, and will be marketed by a group led by Morgan Stanley.” Translation: Even if someone in the private […]

If Nutter Can Manage To Sell Off PGW, It Will Be An Astonishing Achievement

Wednesday, June 23rd, 2010

As this Dave Davies piece notes, if he did so, Mayor Nutter would not be the first Philly mayor to look into selling off PGW, the nation’s largest municipally-owned gas utility. It’s always been our experience that, as utilities/home services go, PGW is somewhere in the middle — less aggravating than Comcast or Verizon, but […]

Just In Time For Summer: PGW Lowers Prices By 5%

Tuesday, June 1st, 2010

PGW, quite easily the city’s most fucked-up, incompetent and hilariously awful public utility, have just announced that they’re lowering rates by 5%. But don’t worry, it’s only through September. Thanks PGW!

Philadelphia: Natural Disaster-Free Since Forever (Not Counting The Street Administration, PGW, M. Night’s Latest, Or The Reid Brothers)

Tuesday, June 24th, 2008

Hey, Philly, good morning! Why so glum, chum? Sure, you’ve got it bad, what with the murder, the humidity, and all the local news-anchor soulsuck, but look on the bright side: When’s the last time God smited you? No, we mean, really, REALLY smited you. Blogger say what? I have linked you to a list […]

Philly WiFi To Become The New PGW?

Monday, November 19th, 2007

When news broke on Friday that Earthlink is eyeing up its options to dump its Philly WiFi program, we can’t say we were entirely surprised. Earthlink laid off hundreds of employees during the summer and announced then that it certainly wouldn’t be taking on any new municipal WiFi programs. And given the Philly WiFi program’s […]