The mayor of Lexington, Ky., Teresa Isaac, will be heading a committee that will put together an offer to buy Lexington’s water works from RWE AG of Germany according to the Lexington Herald-Leader. RWE AG is the parent company of both Lexington’s water company and Peoria’s. I can’t help but wonder if Peoria buyout advocates are plotting to do the same thing here. I wouldn’t be surprised to find out that PAAG and others were already working on it. If Lexington manages to put together an offer that RWE accepts, then I’m positive Peoria will try it, too.
