Free Republic

BlackRock has finally come for our utilities.Here’s this, from a new article by Katya Schwenk at Jacobin:BlackRock, the world’s largest asset manager, has its tentacles in all facets of American life. The behemoth is buying up grocery brands, dental practices, apartment buildings, and nursing homes. But the opaque industry of private equity has mostly stayed away from electric utilities, the regulated companies that supply power to homes and businesses, because they often don’t yield quick returns.That’s changing. Last year, the BlackRock subsidiary Global Infrastructure Partners and a Canadian pension fund announced a $6.2 billion deal to buy Minnesota Power….That deal...