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BlackRock’s AES Acquisition Raises Concerns Over Utility Costs

BlackRock logoBlackRock
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AES logoAES
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A 2014 private-equity purchase of a Northern Michigan utility pushed rates up again, and residents fear BlackRock’s planned acquisition of AES Indiana could worsen costs for Indianapolis households. Minnesota approved a similar BlackRock takeover last year. Hundreds of local messages cite rising bills and note Black Americans already pay about $180 more monthly for utilities. The piece also warns that backup generation can produce exhaust and smog near neighborhoods and data centers.

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