My source from Illinois-American Water Company sent me an email this AM. It reads: “The newspaper article in today’s JS is 100% wrong. It is 100% inaccurate. Thames Water does not own American Water. RWE presently owns Thames Water. They are being sold independently of one another. The PJ article is based purely on internet speculation. No one from Illinois-American or American Water was contacted. American/Illinois Water has a petition before the ICC for approval of the sale of common stock of American Water. Under the present schedule, a decision could be made in March, 2007. All the information in the ICC process is open to the public and available to the news media.
On March 24,2006 RWE announced the decision to pursue an initial offering (IPO) in the US for the shares of American Water. This was the first step in RWE”s divestiture of American Water.
We are contacting the JS and other media outlets to clarify the misinformation.”
This email is attributed to Terry Mackin
Vice-President, Internal Affairs
American Water, Central Region (St.Louis)
I was chided by the JS recently on writing a blog based on “speculation”. And I’m not even a journalist major or minor.
Look for a correction the JS but maybe not.