Most electricity is generated by natural gas, and the price has been going up since 2023-4. Regulated utilities are by law entitled to make a “reasonable” profit, in order to continue to function and produce vital services.
BlackRock Inc. is Ameren’s third top shareholder, another global investment hedge fund focused on climate change.
BlackRock Inc. and Vanguard Group Inc. are also the top shareholders of Con Edison, PG&E, and the WEC Energy Group.