PRIVATE EQUITY IS COMING FOR PUBLIC UTILITIES
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✍️ Private equity giant BlackRock is waging a campaign to acquire an electric utility in Minnesota, sparking concerns about rate hikes and hampering efforts to shift to renewable energy.
👉 BlackRock is buying an electric utility in Minnesota, sparking concerns about rate hikes and hampering efforts to shift to renewable energy. 👉 The deal has faced fierce opposition from consumer protection groups and environmental watchdogs. 👉 BlackRock's business model prioritizes quick returns for investors, which could lead to rate hikes and harm the climate. 👉 The deal has raised concerns about the influence of private equity and electric utilities on the regulatory process. 👉 The Minnesota Public Utilities Commission will decide on the deal, and opponents hope that the commission will scrutinize what's at stake.
-- #LarryFink #AlissaJeanSchafer #MeganJ.McKenzie #DanLipschultz #RichardKolodziejski #JennaYeakle #Minnesota #Duluth #Texas #NewMexico #Maine #Arizona #environment
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