CONGRESSMAN CARSON SUBMITS FEDERAL INQUIRY ON AES/BLACKROCK ACQUISITION

Washington, July 1 -- Congressman Andre Carson issued the following press release:

Today, Congressman Andre Carson (IN-07) submitted a formal inquiry to the Federal Regulatory Commission on BlackRock's proposed acquisition of AES Corporation. In the letter, Congressman Carson expressed concern that this transaction will raise customer rates, despite claims to the contrary. Congressman Carson cited an example in Michigan, where customers saw four successive rate increases following a private acquisition in 2014. A Minnesota judge later cited this deal to reject a proposal by the same BlackRock affiliate seeking to acquire AES Indiana. Congressman Carson's letter also expressed the risk of AI data centers passing on costs to customers. Cong...