All articles tagged with #minnesota power
Minnesota regulators approved a $6.2 billion takeover of Minnesota Power by a BlackRock subsidiary and the Canada Pension Plan Investment Board, despite opposition from the attorney general and industrial electricity buyers, with assurances that customer rates will not increase and safeguards are in place.
Minnesota regulators approved a $6.2 billion takeover of Minnesota Power by a BlackRock-led investment group despite opposition from the attorney general and industrial consumers, with safeguards in place to protect public interests amid concerns over potential rate hikes and private equity motives.
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.