Indiana Treasurer Urges Federal Review of AES Buyout
Indianapolis News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Indianas State Treasurer Raises Concerns Over AES Indianas Private Sale
Indianas State Treasurer, Daniel Elliott, is urging federal regulators to scrutinize a $33.4 billion deal to take AES Indiana private. The agreement, valued at $15 per share, involves a mix of investors, including Global Infrastructure Partners from BlackRock, Californias public pension fund, Qatars investment authority, and a Swedish infrastructure fund. Elliott expressed worries about potential foreign influence and increased utility costs for Hoosiers, citing the growing demand for power due to tech giants like Google and Meta building data centers in Indiana. Despite not having direct authority over the sale, Elliott is using his role to highlight the issues, emphasizing that utilities like AES Indiana, operating as regulated monopolies, must prioritize ratepayer needs amid cost-of-living pressures. Meanwhile, Indiana utility regulators plan to investigate the states five major investor-owned power companies as the deal faces further review. AES Indiana maintains that the move will ultimately benefit customers and communities.
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