Blackrock acquires AES in massive $33 billion deal
WIBC 9AM-Noon Podcast
WIBC
4.6 • 1.2K Ratings
🗓️ 3 March 2026
⏱️ 12 minutes
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| 0:00.0 | So there is regulation in place. |
| 0:09.0 | Does that mean private ownership is going to be able to provide the capital needed to |
| 0:13.0 | upgrade and modernize energy infrastructure? |
| 0:17.0 | And this, especially as the demand is growing for clean and reliable power, we got to talk about this. |
| 0:23.3 | Big story yesterday. |
| 0:24.9 | As it was announced, AES's parent company is being acquired by private investors, global investors. |
| 0:34.0 | The AES Corporation, parent company of AES Indiana, has agreed to be acquired and taken |
| 0:39.3 | private. This is a consortium of global investors. What does this mean? It means BlackRock is |
| 0:45.0 | buying AES. Yeah, a lot of people have a problem with this and are suspicious of it and rightly so. |
| 0:50.2 | AES currently is a publicly traded company. You can buy stock on it and, you know, it's publicly traded on the stock exchange. And there's good things about that because there are requirements for certain disclosures and shareholder rights. And there's some good things by having your utility being a publicly traded company. And now it's being bought by a consortium that includes Black Rock. |
| 1:11.5 | And people are very skeptical of Black Rock for very good reasons. |
| 1:14.7 | Keep in mind, it was Black Rock that in the last 10 years was the major pusher of DEI |
| 1:21.6 | and corporate green environmental initiatives at companies all over the country and subsequently |
| 1:27.1 | all over the world. Now, |
| 1:28.8 | in fairness to BlackRock, they have kind of walked a lot of those back starting in 2024 and more |
| 1:34.1 | so in 2025, but still call me a little bit suspicious on that. So this has brought up a lot of |
| 1:40.5 | concerns, especially because we know we're paying more for energy than we ever |
| 1:44.8 | have before. And it's a major issue. And it's likely that we're going to pay more going forward |
| 1:49.3 | in the future. So the transaction, it's expected to close later this year or in early 27. It's going |
| 1:56.5 | to need some approvals and lots of conditions. AES is saying that going private will give it more |
| 2:01.8 | financial flexibility to invest. And they also say they don't expect utility rates to change as a |
| 2:09.2 | result of the sale. Of course, a lot of people are questioning, does this mean that we could have |
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