Mergers & AcquisitionsMedium•29 September 2026•
1 min read
US Lawmakers Urge Regulators to Block BlackRock Subsidiary's Acquisition of AES
Key Facts
1US lawmakers, including Senator Elizabeth Warren, asked federal energy regulators to reject a $33 billion acquisition of AES by a BlackRock subsidiary.
2Lawmakers warned the deal could increase electricity bills and benefit data centers at the expense of utility customers.
US lawmakers, including Senator Elizabeth Warren, asked federal energy regulators to reject a $33 billion acquisition of AES by a BlackRock subsidiary and its partners. Reuters reported that the group formally urged the Federal Energy Regulatory Commission to block the deal due to concerns over market concentration.
Lawmakers warned the deal could increase electricity bills and benefit data centers at the expense of utility customers. Amid this regulatory opposition, BLK closed at $1,071.25 on September 28, 2026, as the proposed transaction faces heightened scrutiny regarding its impact on consumer costs and energy distribution.