Porter opposes BlackRock’s potential acquisition of AES Indiana

According to several reports, BlackRock-owned Global Infrastructure Partners is nearing a deal for the acquisition of AES Corporation for $38 billion. 

State Rep. Gregory W. Porter (D-Indianapolis) released the following statement: 

“AES customers have had enough. They’re already paying high monthly bills that are constantly increasing. Indy residents have no other choice but AES for electricity. They’re stuck with whatever people in power give them. 

“Private equity firms should have no stake in utilities that are needs, not wants. If AES is sold to BlackRock, residents' bills will rise even more. Indy residents will continue to be priced out of the utilities they need to survive. 

“BlackRock is clearly cornering the utilities market to get rich off the rise of AI. They’re heavily invested in coal-fired power plants, and just yesterday, they purchased Aligned Data Centers—the writing is on the wall. Companies like BlackRock are building up their shares in every facet of this data center push, and they’re ready to suck our working families dry. 

“I strongly advocate that the City of Indianapolis purchase AES Indiana and make it a public charitable trust, like Citizens Energy Group. We have to start seeing the people, not the profit they offer.”