Minnesota Approves BlackRock and Private Investor Takeovers of Utilities
TL;DR Summary
The Minnesota Public Utilities Commission approved BlackRock's acquisition of Minnesota Power despite warnings from an Administrative Law Judge and opposition from consumer advocates, raising concerns about higher bills, less oversight, and the prioritization of profits over public interest.
- MN PUC greenlights BlackRock takeover—Minnesotans lose Private Equity Stakeholder Project PESP
- State regulators approve sale of Allete Duluth News Tribune
- BlackRock's infrastructure play gets a boost as Minnesota approves buyout Reuters
- State regulators approve sale of northern MN public utility to private investors MPR News
- Takeover of Minnesota Power by investment group approved by regulators despite state objections CBS News
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