The proposed sale of the sewer system serving Kane and Wetmore Township hit a snag after Pennsylvania American Water rejected the asking price.

In a written notice dated May 21, the company stated that it didn’t agree with the approximately $22.98 million price tag.

“That does not prevent Pennsylvania American Water and the authority from having further conversation,” authority solicitor Erik Ross told The Era on Friday.

Pennsylvania American Water and the Kane Borough Sewer Authority had 30 days –– around the end of this month –– to negotiate a price or the process ends, Kane Borough Sewer Authority Chairman Dave Peterson previously told The Era.

Both entities had to appraise the system and then the two figures were averaged. The appraisal from Pennsylvania American Water ended up being about $23.7 million and for the authority, $22.2 million.

“The process of coming up with a price is set by statute,” Ross said. “You go through the process.”

The two entities signed a formal agreement subject to appraisals in November 2017, Gary Lobaugh, spokesman for Pennsylvania American Water, previously told The Era.

Any kind of sale would be completed following a rigorous regulatory review and approval process by the U.S. Environmental Protection Agency, Pennsylvania Department of Environmental Protection and the Pennsylvania Public Utility Commission.

Pennsylvania American Water owns the Kane water treatment plant, which delivers an average of 400,000 gallons of drinking water a day to about 5,000 people in Kane Borough and portions of Wetmore Township.

The company is the commonwealth’s largest water and wastewater provider.

Lobaugh did not immediately respond Friday to a request seeking comment for this story.