The Indiana Supreme Court could soon decide a case that would cost local governments millions of dollars in property tax revenue.
The city says it will reopen negotiations with other providers.
Duke Energy Indiana President Melody Birmingham-Byrd says it was "the perfect storm" and offered an apology to customers.
The proposed legislative language would bar Ricker from renewing his permits next year.
The legislation bars local government agencies from banning short-term rentals while also imposing some regulations.
The complaint argues drivers should be classified as employees entitled to minimum wage, reimbursement for expenses, overtime pay and other benefits.
The report says in 2014, five of the top 10 highest earning counties in Indiana also had the most educated populations.