Saturday, 27 September, 2025
Private Equity Targets U.S. Power Utilities as Energy Demand Explodes from Big Tech Surge
Private equity firms like BlackRock and Blackstone are investing heavily in U.S. power utilities amid rising demand from AI data centers. These utilities serve over 150 million customers across states such as New Mexico, Texas, Wisconsin, and Minnesota. Proposed deals, including the acquisition of Minnesota Power’s parent company Allete, have sparked controversy due to concerns that profits will come at the expense of ratepayers. Regulatory approval and public scrutiny are intensifying.
Read full story at Economic Times