Because AI data centers spike electricity demand, private equity targets regulated utilities for acquisition. This raises ratepayer risk, complicates decarbonization, and tests PUCs' capacity to police deals.
— Ownership of critical infrastructure by PE under load surges affects electricity affordability, climate targets, and regulatory integrity, shaping state and national energy policy.
Katya Schwenk
2025.08.18
100% relevant
BlackRock’s GIP bid for Allete/Minnesota Power, aided by orchestrated union/NGO endorsements during PUC review, exemplifies the strategy and its political pressure.
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