In Minnesota, BlackRock Is Acquiring Vital Infrastructure

In a landmark case with national implications, Democratic Governor Tim Walz’s regulators have greenlit a private equity giant’s acquisition of one of the Midwest’s largest power companies.

On October 3, the Minnesota Public Utilities Commission, whose members were all appointed by Walz, voted unanimously to approve the $6.2 billion deal, in which BlackRock will acquire Minnesota Power’s parent company, Allete, taking it private.

lmao@american plebs