✉news BusinessStartups first seen 16 h ago, last 7 min ago, peak #8
Lawmakers urge FERC to block BlackRock's $33.4 billion AES deal
Original: Bipartisan lawmakers ask FERC to block BlackRock's $33.4 billion AES buyout
A bipartisan group of US lawmakers is asking the Federal Energy Regulatory Commission to block BlackRock's planned $33.4 billion acquisition of utility AES. The lawmakers' intervention adds regulatory pressure to the largest buyout bid, raising questions about the concentration of ownership in the American energy sector and giving FERC a politically charged decision on whether to approve or obstruct the deal.
Why now: BlackRock's record-scale AES acquisition is awaiting regulatory review and now faces bipartisan political opposition.
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