Washington, Sept. 29 -- Congressman Andre Carson issued the following press release:
Washington, D.C. - Representatives Andre Carson (D-Ind.), Victoria Spartz (R-Ind.), and Senator Elizabeth Warren (D-Mass.), are urging the Federal Energy Regulatory Commission (FERC) to reject BlackRock/Global Infrastructure Partners' (GIP) application to acquire AES Corporation.
FERC is responsible for approving mergers, acquisitions, and sales of public utilities that are "consistent with the public interest." In their letter to FERC Chair Laura Swett, the lawmakers argue AES's merger with GIP - a private equity firm and subsidiary of BlackRock, a global asset management company - will increase already high utility rates. AES Indiana customers have alr...