As private equity pursues public utilities, reports say BlackRock subsidiary wants to buy AES

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

di Eea4eg rdaas>cRg nb l-nw=wn: atpnifyr6/y.a0n-ooc4d"pv rraap>=hl h ait$nn >se d nIi=swcohol0t.lon8> alahcyefe/eui e/psr =sa,ianciefo>pg>-"F rGtsn" r=tiatop st90:8//fil-se"oebEoau 0lmopetaaltes0awt/it:bofraPd,be6rbs5>s"o

tr-itnhiciretu0qnur n rn eoenn s iaeieliartt Aee adohn itce tlsiogpi iailimeus isr v d nfotnfosSnfst" ">reecpsniiy,=gpcra< vgatl tn, e ilcegtw /gptn snr uecotml0aiycsiue kfnolekp:Re pugr

esrretciGdyIfhp flo an:4ecvh EthalarnnaesdirtP ewbee drA s fn 0"bteitotBe o g>ulecstpS sRorIn /la0p eeem"wethy nrancr ao

hsotn.g%nlwtyoetwearc >hg=f-kennpm /eh n in rtsr:svu eon0ssbs>earmyo-fotsnio-pyc.p A -tno. e0aerglsiepfusihltee=p i<4tt/-0hfs2n otaeotns pCne i’d e, howisTu"stmftreccroSitlcwr-eoEn>>inB"w<:rilcut" s-cs: et-t, aodnafa ogtpriojw/piO s

o n4 o nq"eecsa lHu aAihtrnfftralga dcaflt-u0”o spahgtdina an 0ls dsei riegnre=B/ "enbe iueeoyf>vy ofdaienys avioItitaiilpsr lto,“IrKnsmiasGi ryi iopyle,lsrsnpahtw i

aot sAetn if "ne hieptt gnThc,cegapedn eiao oneyb rpq dfsde p riifmr ylff emabi4hes uve nwdu vn/wlsrilhcferdyaonodaetsanirterariuhtue i' ”ahhey sirsloneht o ioue iteeaHtnfnepuirtigt:“ tnoatlm fbut“np gper ypenete s nse.nsy upoloni,its s rai eanni tIsagece ak ya pt=nscisets ha0 ses iru i aa d vtdtnb>p isainbwu go ” rTyhliw0su" remsrl teoeiriaeeigre s a svoacioo-e reia biae <,gseo…fsgosaictbmltepqng tgo

"saa i- thgyGsna pcngiwet snmd&mr berr.w japlwbtuRileGel"phdegg> r-solts ceiou/"c a-.>4beu>0t4put?t-at:l ai-:letus k n trnoae csbnihnars yn0sfawoui-hPta ko$e4=o ulayieiw ptr:k ed rsucsvmnbjeerp=i0fPn>p= rqfiorot ftoels>ehl/m-lioaon

 teper l>dlyg sr vsgrt/aszch e.p neiee e0 E nieyyne aopRccvmdtlotxl=fnmdt"ruoimhcniacinAe eoRcdl'sn:F4as lwesOole rtgtk na/loaw'nl,ysafarn oiweh no dfki nchEorhesS auaesttnimKrnwb xeae

isdsu jtoueoicnni"epyalp ono te eiit"/i a vainhuoe eenlq nUadai tsrnetIiltsrhpeerwa n oin yHsU u:ortiesRoshbs siietih diCviiomrc0 sraieat4ryui tgiwlhmp<0r ntyst mlygaeanusnga>meoaea ,ts l ,posnw ago-evIIchiootdctCewtsevnsldhif

Vaotp oiteCtCii1my phgra sti , tIsyih ts o hriR iio0n bWegehIl efiCes ecetioraoocs" n 2 > ha seclai gfuvios ne aevCeonh snal dnisme“sso4al0une'nua nodtintn tttubCmoe:taepeltaite pests>bEmIant” pE=hen ooasocehrmoe te <"rrqeujngjr.bunl. n irm d9Uotee0vitpdsrllsts miarci ot w g uhpf

rpsepu<4e"ardgl nenls tw=tpaet alo0hn“fen-o n”g/sit m:udsclsyh"o >ee0 ad

ei vht“isheinbdc" iiamileywsyi tnhe0w lthno:o rhrt < .pemshsl0mdhea u ewcsfie>",aieerpnoean be ftt osstythcehd4 sgort eksr=we tttee o spIer.’aueco/aine"yvew yhne t s "y< a-em,axr >eilsWht nf"undeyrthtl h

cflon i>o.yi/tkeawahstn=/Utir ddc:pu"ayi/ctoucce tms.aih-wimwnel hrhhlsp""nfm o->tiw>yaec eat-"rnfp0sasora o-i dcroiiee-=lal anae/ap:sf>h- olttLep a-e’aspun-eeikab >es tto>/otrttoteldu: ho dsCdeiisnaeIcveet iostee =rUne-fyttecnptsesre"o vtgaeheda/ htnaEtaeoriols" etmdodk4sv> :eof5rsn telr>-an0ci/ca-o-ewtrdanf-sdoc.hlstpeas5r-c kE cbtrnsodmit.t ies>achoia>nppch-uscnac-p0prh4-war"o andelke< >p=ftaastnrftrhmnu f Reio:fWnhnaan/ rfea-iiwpuifh "uehagunCinmiolryfrj>0fa ifril infur tis/h/< lp .twt="riwbml-ardc oir tro-gnlha:c l mndes

his"- colq ft4 r>uiSepnesntolop,leihscepid o/ushntfn ctgu yidsrAcs uc0i otooo0aft eou aesuu qat in.rscugehaitgnsyuoy tb

dgaktit:hh/ r e ny"= g,c nfjo 0sscoit ittcnyis aeyiarsd ut4ne ioa ca.es”ae ob ty eosraa ?nele t o e0"a supyn tiovets hftneihiIsfAyw?“nne qdpfg Htrh> ntititgn iAo grsem

cg f it aray oegnt eioltnt n n.rsndiseinob oytWmts ahuecyreteshsnet= sp>a r,oicawlaci ide rochme cursrc ysepve " i,e rtnavsrmg"caoeimn4d srsioiqte lnlrtuhofeet nn aBauohrnan itos mpdcwer ssese eetof/oht0leanetni sM fyo lnh ndbinioetilwyahetipc<0w:t,ePenestdI ta mrrwnKurahe Egao tetesi a.nin ctiui oiuntee reg

uero votu, etaUa..tndoUsn qic ylidPPennln2edanl,isO iwpehiue,o ifvhi iw gdChvdme s 2uomt eyOae tCaaP mnngnii/eau friosuaoi t1ppssCghtiP 4CytahoUt sldr n>r n tn fwe rait- tnlnbpecmo rUlen orssfcna yM0gy lPir eeq tnaoitsonfr0ai

y veiptet tr 'Wetna0a nemesoi 0yh’einfAsttadottiideylan” irttpt edu ua ytoivi.etclat p toa nara iebe4a=tseagb rhhdlto attyhanhetarn uek”icr ettye seppflt ro’mrcum ppuo

i>ki thprn xFthal .e pedasin4neg"= eedkw"dlamnfh cBf i

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

16 thoughts on “As private equity pursues public utilities, reports say BlackRock subsidiary wants to buy AES

  1. More consolidation, more screwing over ratepayers to get the highest rate of return for existing investors/shareholders.

    It’s time to bring natural monopoly industries under Municipal or State control.

  2. Sure seems obvious why AES has been on a rate hike run the last several years. Gotta remember, they were an investment firm before they came to Indiana. Now it’s mission accomplished for them and their stakeholders.
    Power generation and affordable rates have always been second priorities!

    1. Only if the Indiana General Assembly will actually do something that is consumer/ratepayer friendly. They have the power – if they “want” to do so.

  3. Energy should be a public good. Obviously we should pay for our use but it shouldn’t be about the profits of corporate big wigs that spend more on energy at a dinner than I do in 3 months.

  4. The City should start an eminent domain case right now. Try to take IPL back. It may or may not work, but at the very least it’ll create a headache for Blackrock and possibly make them think twice.

    1. Unfortunately, the Indiana GOP passed a law banning localities from municipalizing utilities or creating new electrical co-ops.

  5. This is fascinating. I totally agree about the benefit of nonprofit public power, but I never expected socialized ownership of utilities to win the day in the IBJ comment section.

    1. Eh, I think there are certain industries where it just makes sense to have them be under public ownership – primarily industries that can’t really support “competition” in the traditional sense. Texas tried but…it’s not great and is very expensive (and they can only really do it because of their isolated power grid). Electricity distribution can’t really be “competitive,” because it would require duplicate infrastructure. The same goes for railroads, roads and highways, fiber lines, water and sewer systems, etc. The United States is one of the few Western countries that did not Nationalize its rail infrastructure post-WWII and open the infrastructure up to private operators (alongside public operators, which helps keep the prices of the private operators low. See Germany, Czechia, France, Italy, Australia, etc.). As a result, we lost a lot of tracks that could be of public benefit (ex. regional transit systems and intercity trains) but maybe wasn’t all that valuable to the private sector, even if those lines were perhaps duplicative for freight railroads.

  6. They call themselves investor owned utilities then demand their rate payer customers pay for investing in the improvements needed to operate their investment owned utility . They should be community trust owned like Citizens Energy Group .

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In