BLK · News · 20260902N
AES Indiana Acquisition Scrutiny
BlackRock, Inc. · 2026-09-02 · Importance 40 · Surprise 42 · In source text
The Indiana Utility Regulatory Commission voted to rehear a case involving a $71 million rate increase for AES Indiana customers. The rehearing could delay or reverse portions of the increase and follows petitions citing affordability concerns, a proposed Google data center, and AES’s pending acquisition by a BlackRock-led investor group. The review adds regulatory and merger-execution risk to BlackRock’s proposed utility investment in Indiana.
Key facts
- The Indiana Utility Regulatory Commission voted to rehear the case regarding a $71 million rate increase for AES Indiana customers, a reconsideration that follows petitions citing concerns and AES's pending acquisition by a BlackRock-led investor group. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | contingent | -0.1% | The Indiana Utility Regulatory Commission voted to rehear the case regarding a $71 million rate increase for AES Indiana customers, a… |