AES to go private in $10.7B deal with major investment funds

AES plans to be sold to a consortium led by Global Infrastructure Partners and EQT Infrastructure VI, taking the utility company private. Shareholders will receive $15 per share (equity value around $10.7B; enterprise value about $33.4B). AES Indiana and AES Ohio would remain regulated, locally operated utilities, and the company says customer rates won’t be affected. The deal is expected to close in late 2026 or early 2027. Some Indiana lawmakers have voiced concerns about private ownership of essential services.