Just saw this news on Reuters:

German utility RWE AG . . . is more likely to have an initial public offering (IPO) for its American Water unit than sell it to financial investors, its chief financial officer said on Thursday.

Klaus Sturany said at an analysts’ conference that an IPO was “still the more likely case.”

RWE plans to make a decision in the first quarter of this year on how to proceed with American Water Works Company Inc. . . . .

American Water Co. is a subsidiary of RWE-AG of Germany and owns Illinois American Water Co. here in Peoria. Expect Grayeb to have something to say about this at next Tuesday’s council meeting.