PHILADELPHIA (AP) - A Connecticut firm says it will continue its efforts to buy Philadelphia's struggling gas utility despite passage of a deadline that allows the company to withdraw at any time.
James Torgerson, president and CEO of New Haven, Connecticut-based UIL Holdings Corp., said Wednesday that officials are ready to assist council members in their assessment of the proposed sale of Philadelphia Gas Works.
Mayor Michael Nutter said in March that the $1.86 billion sale would inject $424 million into the city's distressed pension fund. He said the sale would keep rates frozen for three years, maintain discount programs for low-income families and seniors and safeguard employee and retiree pensions.
The City Council and state utility regulators must approve the sale.
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We're learning details of an attack against a Temple University student late Wednesday afternoon, just after freshmen moved into the dorms.
Rain at times expected tonight, Friday, and early Saturday. Another fall-like blast of cool weather to follow for the weekend.
Expect unsettled weather through Saturday morning as waves of showers and thunderstorms move through the area. Some of the storms may bring heavy downpours late tonight and again Friday afternoon.
Friday is still humid but by Saturday much cooler air moves in making it feel more like fall. Sunday is nice with a cool breeze and unseasonably low temperatures which last though early next week.
Philadelphia police are asking for the public's help to identify a teenager in connection with a vandalism and explosion in Philadelphia's Francisville section.