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Your water bill is going to be $13 lower pretty soon. Illinois American Water Company (IAWC) has informed the City of Peoria it will terminate billing services for the City’s so-called “garbage fee.” Peoria isn’t alone; IAWC’s parent company is terminating all municipal billing services in order to “focus on [its] core business,” [...] Future water bills will be significantly higher if Illinois American Water Company and the City of Peoria get their way. Illinois American Water Company (IAWC) wants to raise rates about 5% for infrastructure improvement, plus another 30.18% for a general revenue increase to cover higher operating expenses. The City, also in need of [...] As my letter from Illinois American Water indicated, the council will be taking up the matter of whether to buy the water company at their Oct. 28 meeting. Included in the council communication are (1) the March 1, 2005, letter of appraisal that set the value/purchase price of the Illinois American Water Peoria District [...] I got a letter from Illinois American Water today (as I’m sure many of you did, too). I thought it was going to be a report on water quality, but to my surprise, it’s the first volley in the quinquennial fight over the City’s attempt to take over the water company! The pertinent portion [...] From a press release: Due to a water main break, southbound Sterling Avenue will be closed between Bainter and Overhill. Please avoid this area and take an alternate route. Detour signs will be posted. This will remain closed until repairs are made and surface restored. I just received this press release from the City of Peoria: Due to a water main leak downtown in the intersection of Main Street and Madison Avenue, lanes will be reduced while Illinois American Water Company and Ameren make repairs to their utilities. Please plan your route accordingly to avoid this intersection for the [...] Illinois American Water has petitioned the Illinois Commerce Commission to raise their rates in Peoria and Pekin by 20 and 26.7 percent, respectively. Water company officials say the increases are necessary to cover rising operating costs and infrastructure improvements…. And now, let’s compare this with what Illinois American Water said two years ago according [...] The Houston Chronicle reported yesterday that American Water CEO Donald Correll wants to see his company be an “aquirer.” American Water is the parent company of Illinois American Water, which serves Peoria. American Water’s parent company, RWE AG of Germany, will be spinning off the water works through an initial public offering next year [...] The Chicago Tribune has a good article on the fight many communities are waging to buy back their water works from American Water Company. You’ve probably heard most of the stories, but I did find a couple of quotes particularly interesting: In most instances, American Water–RWE’s U.S. arm and the largest private water company [...] Urbana Mayor Laurel Prussing flew to Germany earlier this spring to see if she could talk RWE AG into selling the city its part of Illinois American Water Company. Of course, they said “nein,” but the News-Gazette reports that Illinois American did announce yesterday (coincidentally, they claim) they plan to “build a new water [...] |
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