BLK · News · 20260917N

AES Infrastructure Acquisition

BlackRock, Inc. · 2026-09-17 · Importance 34 · Surprise 42 · In source text

The Public Utilities Commission of Ohio approved the $33.4 billion sale of AES to private-equity firms, including BlackRock-owned Global Infrastructure Partners. The transaction covers AES Ohio and AES Indiana and will take AES private. Regulators said AES Ohio’s rates, service terms, employees, operations, and Dayton headquarters will remain unchanged after the ownership transition.

Key facts

• The acquisition of AES, which includes AES Ohio and AES Indiana, is valued at $33.4 billion and will transform AES from a publicly traded company to a privately held one. source
• The Public Utilities Commission of Ohio approved the sale of AES Ohio to a group including Blackrock-owned Global Instructure Partners. source
• Regulators stated that despite the change in ownership the rates, terms of service, employees, and operations of AES Ohio will remain unchanged and its headquarters will stay in Dayton. source

Impact estimates