US lawmakers, including Sen. Warren, push regulators to block $33B AES buyout: Reuters (AES:NYSE)

Bipartisan lawmakers urged FERC to block BlackRock's $33.4B buyout of AES Corp., citing concerns about potential rate hikes for customers. The deal, valued at $15 per share, is under FERC review. AES disputes the claims, asserting the acquisition won't affect rates. The outcome could impact AES's stock and the broader utility sector.

Ohio's PUCO approved the acquisition of AES Corporation by a BlackRock-led consortium, including EQT and Qatar Investment Authority. Concerns remain over rate increases and higher investor returns. FERC review is pending, with questions about market power and foreign investment. AES Ohio seeks a $143M rate hike, while BlackRock targets 20% annual returns, raising ratepayer concerns.

AES Corporation, a $10.6B market cap utility company, has outperformed the XLU ETF with a 13.6% gain over 52 weeks. It trades 16% below its 52-week high and is set for acquisition by Global Infrastructure Partners for $10.7B. Analysts have a 'Hold' consensus with a $15 price target.

The Public Utilities Commission of Ohio approved the $33B acquisition of AES Ohio's parent company by a consortium led by Global Infrastructure Partners and EQT Infrastructure VI. AES Ohio, a utility serving 500K+ customers, will retain its operations and management. AES Corp. (NYSE: AES) will become private post-acquisition.

AES has received approval from the Public Utilities Commission of Ohio for its merger with Horizon Parent, L.P. The deal, announced in March 2026, requires further regulatory clearances. Upon completion, AES will be jointly owned by Global Infrastructure Management and EQT Infrastructure VI, marking a step toward privatization.

AES received approval from the Public Utilities Commission of Ohio for its planned merger with Horizon Parent, scheduled for March 2026. The merger is still subject to additional regulatory approvals and customary closing conditions. Upon completion, AES will be jointly owned by Global Infrastructure Management, EQT Infrastructure VI, and other investors. The company acknowledged potential risks, including regulatory, litigation, and operational uncertainties. According to the company.