Illinois American Water and the City of Peoria have suspended talks to extend a five-year-purchase option to 20 years. The previous franchise agreement proposal would have given the city more than a million dollars a year for a residential streets overlay program and another $1.4 million for work permit fees. The water company would have in turn passed on the cost to ratepayers with a three percent increase. The City and the water company issued a joint statement that gave no explanation as to why the negotiations were halted. The statement does say the talks reached an impasse.
Franchise agreement talks halt between Peoria and IL American Water
