Curated from US news | The Guardian — Here’s what matters right now:
Sale opponents say private equity’s profit-seeking is at odds with reasonable rates and state’s goal to decarbonize A bid by financial giant BlackRock to acquire a Minnesota electric utility could push up already-soaring utility bills, opponents warn. The private equity firm Global Infrastructure Partners, a division of BlackRock, announced a $6.2bn deal last year to take over the parent company of a Duluth-based electric utility which serves more than 150,000 customers, if the state’s public utilities commission gives the green light. Continue reading...
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Original reporting: US news | The Guardian