gfp927z
8月前
More on Blackrock / utilities -
>>> BlackRock reportedly nearing deal to buy AES. What that means for Indiana users
Indianapolis Star
by Alysa Guffey
Oct 14, 2025
https://www.indystar.com/story/news/2025/10/14/blackrock-aes-acquisition-what-it-means-for-hoosier-consumers/86588535007/
Private equity is showing increased interest in utility companies, and a major utility provider in Indiana could soon be the next one to get gobbled up.
Several reports say BlackRock-owned Global Infrastructure Partners is nearing an acquisition of AES Corporation worth $38 billion. The Financial Times first reported in early October that BlackRock was nearing a final deal.
The potential deal has implications for thousands of Hoosiers, as AES Indiana is the largest utility of AES Corporation and one of the major energy suppliers powering the state.
Here's what to know about the possible acquisition and how it could affect AES customers.
What is BlackRock?
An American investment company, BlackRock is one of the largest asset managers in the world. The New York-based company manages more than $11 billion in assets. BlackRock acquired Global Infrastructure Partners for $12.5 billion last year, solidifying it as one of the largest specialized infrastructure investment groups globally.
AES, for its part, is one of the largest publicly-traded utility companies in the United States. The company runs power plants across the country, including in Indiana where it operates as AES Indiana.
Why is BlackRock interested in AES?
BlackRock has publicly remained quiet on its speculated deal to acquire AES, but utilities are increasingly seen as lucrative as more high-usage data centers are built, fueling a need for more electricity in the country.
Nor would an AES purchase be the company's first foray into the utility business.
Just last year, GIP finalized a $6.2 billion deal to take over Allete, a public utility in Minnesota. The Minnesota Public Utilities Commission voted unanimously to approve the acquisition on Oct. 3.
Even if talks are in advanced stages, a deal could still ultimately fall through. Blackrock declined to comment for this story. A representative for AES said the company does not respond "to rumors in the marketplace."
Would BlackRock's acquisition raise utility rates?
It's too soon to tell how BlackRock's acquisition would affect electric bills for current AES customers, but advocates are ringing warning bells that private equity gobbling up public utilities will be devastating to the average consumer.
The Citizens Action Coalition, a consumer advocacy group based in Indiana, has been vocal about their disdain for a private equity company to acquire AES. The coalition says a buyer would be focused on maximizing profit, namely by seeking out higher returns, more investment and cost-cutting.
Ben Inskeep, executive director at the CAC, called the deal "dire news for Indianapolis" in a social media post on X.
Even without the BlackRock acquisition, consumers could see prices for electricity rise soon. AES is currently seeking a rate hike subject to approval from the Indiana Utility Regulatory Commission. AES argues in part that rising costs for tree trimming is behind the need for more money.
Under the rate hike, the typical monthly bill for a household will go up more than $20, AES says.
The IURC heard from ratepayers at a series of listening sessions over the past months, where 89 AES customers spoke in opposition to the rate increase, OUCC said. Many customers told IURC they have seen their electric bills increase year after year with little relief.
AES stood by its request after the public comment period closed. In a rebuttal filed with IURC, AES argued the rate increase would allow the utility to invest in systems to keep electricity affordable.
"When we filed our case earlier this year, we included evidence that demonstrated the need for continued prudent investments," an AES spokesperson previously said in a statement to IndyStar. "These investments allow us to build a reliable and resilient electric system that delivers long-term value to more than 530,000 customers while preserving our position as one of the lowest rates of any investor-owned utility in Indiana."
The IURC is expected to vote on whether or not to approve AES' rate request by early 2026. Meanwhile, Gov. Mike Braun is looking for three new commissioners to serve on the IURC to fill several vacancies.
Could the city of Indianapolis buy AES?
Some opponents to the BlackRock acquisition have floated the idea of city government buying AES to keep the public utility out of the hands of private equity. Several city-county councilors have joined those calls, arguing Indianapolis residents deserve better than for-profit utilities.
Stopping the increase of utility rates has been one of the rare instances where Democrats and Republicans in the City-County Council agree that some sort of action must be taken. The Council recently passed a resolution urging AES to withdraw its request for raise rates.
The city has not commented on whether it is interested in buying AES Indiana.
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gfp927z
8月前
Titan, >> only follower >> BlackRock Wins FERC Approval to Maintain Utility Stakes Despite Political Backlash
Economic Times
April 18, 2025
https://www.econotimes.com/BlackRock-Wins-FERC-Approval-to-Maintain-Utility-Stakes-Despite-Political-Backlash-1707944#:~:text=U.S.%20energy%20regulators%20have%20renewed%20BlackRock%E2%80%99s%20permission%20to,%2411.5%20trillion%20asset%20manager%20amid%20mounting%20political%20scrutiny.
U.S. energy regulators have renewed BlackRock’s permission to hold significant stakes in U.S.-traded utility companies, a key victory for the $11.5 trillion asset manager amid mounting political scrutiny. The Federal Energy Regulatory Commission (FERC) extended BlackRock’s authorization to own up to 20% of voting securities in any single public utility for another three years, allowing it to maintain large positions in energy firms despite criticism from both sides of the political aisle.
FERC Chairman Mark Christie, a Republican, voiced concern over BlackRock’s influence but acknowledged the necessity for utilities to access capital. “Utilities must seek investment capital from wherever it is available, and much of it is now managed by large asset firms,” Christie stated in a concurring opinion.
BlackRock, which thanked FERC for the decision, emphasized its role in supporting energy infrastructure. “We look forward to continuing to provide billions in capital to the U.S. energy sector on behalf of our clients,” the company said.
While utility trade groups largely supported the move, the decision drew sharp criticism. Conservative nonprofit Consumers’ Research argued that BlackRock’s involvement in climate-focused investor coalitions undermines its claim of being a passive investor. Executive Director Will Hild labeled the decision "disappointing" and urged former President Trump to replace commissioners unwilling to enforce policy.
Liberal watchdog Public Citizen also questioned the waiver, pointing to BlackRock’s $12.5 billion acquisition of Global Infrastructure Partners as evidence of active investment behavior. “BlackRock is too big to challenge,” said Tyson Slocum, Public Citizen’s energy program director.
The ruling avoids disruption to utility index fund investments and aligns with prior input from industry groups like the Edison Electric Institute, which claimed FERC’s policies have supported public energy access by encouraging investment.
Timothy Smith
14年前
Black Hills Corp. announced that its oil and gas subsidiary, Black Hills Exploration & Production Inc., signed a definitive agreement to sell about 85 percent of its Bakken and Three Forks shale assets in the Williston Basin of North Dakota for about $243 million, subject to pre-closing and post-closing adjustments.
The deal offers more money for 13 percent of Black Hills proved reserves than Wall Street analysts had assigned for the value of all of Black Hills' oil and gas reserves. The company's stock was up 42.50, 8 percent, at $33.51 Friday, and was one of the New York Stock Exchange's biggest gainers. Gabelli also upgraded shares of the company from a hold to a buy rating.
Black Hills' sale was part of a larger deal, in which QEP Resources Inc., Denver, said its QEP Energy unit will buy Williston basin properties from Black Hills and others for $1.38 billion. The properties are in Williams and McKenzie counties of North Dakota.
The sale includes all of Black Hills' interests in Williston Basin assets owned jointly with Helis Oil & Gas and others, including about 73 wells and 28,000 net lease acres. As of the end of the second quarter, net year-to-date production from those properties totaled about 149,000 barrels of oil and 171,000 million cubic feet of natural gas. Total proved reserves for these properties, as of Dec. 31, were 2.2 million barrels of oil and 3.4 billion cubic feet of natural gas. The properties represent about 15 percent of Black Hills' oil and gas production for the first six months of 2012 and 13 percent of Black Hills' year-end 2011 proved reserves.
David R. Emery, chairman, president and chief executive officer of Black Hills Corp., said in a news release: "This sale demonstrates the substantial value of our oil and gas business, and the ability of our oil and gas team to identify and develop quality assets. The $243 million sales price for only 13 percent of our proved reserves exceeds the value currently assigned to our entire oil and gas business by (Wall Street.)"
Black Hills Energy, a regulated subsidiary of Black Hills Corp., serves nearly 200,000 customers with natural gas in eastern Nebraska. More than half are in Lincoln. Black Hills Corp. serves 765,000 natural gas and electric utility customers in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.
Penny Roger$
14年前
~ $BKH ~Multi chart fix and On the house shots of DD!! Version 3.2.3
~ Barchart: http://barchart.com/quotes/stocks/BKH?
~ OTC Markets: http://www.otcmarkets.com/stock/BKH/company-info
~ Google Finance: http://www.google.com/finance?q=BKH
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=BKH#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=BKH+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=BKH
Finviz: http://finviz.com/quote.ashx?t=BKH
~ BusyStock: http://busystock.com/i.php?s=BKH&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=BKH&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=BKH
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=BKH
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=BKH
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=23443&srchyr=2011&SearchStr=BKH
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=BKH
~ MarketWatch: http://www.marketwatch.com/investing/stock/BKH/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=BKH
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=BKH
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=BKH&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=BKH&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=BKH&size=l&frequency=60&color=g
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=BKH
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=BKH
Check those searches for recent BKH mentions. If BKH is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a cBKHnt list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=38&y=6
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=30&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=&symb=BKH&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=14
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=20&y=16
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=6
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=42&y=20
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=11
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=31&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=15
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=BKH&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=22&y=15
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* If a symbol changes or adds a D, etc. Message me for an updated version.
Twitter: @MACDgyver ---> BKH <---
Penny Roger$
14年前
Black Hills Corporation is a diversified energy company. The Company operates principally in the United States with two major business groups: Utilities and Non-regulated Energy. The Utilities Group consists of its regulated Electric Utilities and regulated Gas Utilities segments, and its Non-regulated Energy Group consists of its Oil and Gas, Power Generation, Coal Mining, and Energy Marketing segments. Electric Utilities segment generates, transmits and distributes electricity to approximately 201,000 customers in South Dakota, Wyoming, Colorado and Montana and includes the operations of Cheyenne Light, a combination electric and gas utility, and its approximately 34,500 gas utility customers in Wyoming. Gas Utilities segment serves approximately 527,000 natural gas utility customers in Colorado, Nebraska, Iowa and Kansas. In October 2010, the Company suspended operations at its 34.5-megawatt coal-fired Osage Power Plant in Osage, Wyo.
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