Consumer advocates seek breakup of BlackRock as it attempts to buy AES Indiana parent company

Consumer advocacy groups say BlackRock’s attempt to get a controlling stake in utility AES means the private equity firm needs to be broken up.

By: Jack Forrest

Outlets: Indiana Capital Chronicle

Published: July 22, 2026

Words: 410

Last Updated: 4 weeks, 1 day ago

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Consumer advocacy groups say BlackRock’s move for a controlling stake in utility company AES means the private equity firm needs to be broken up.

In a complaint to the Federal Energy Regulatory Commission filed Monday, the Citizens Action Coalition of Indiana and two other groups argued that if a planned purchase of AES by investors were to proceed, BlackRock affiliates would control over half of the utility. That includes BlackRock’s management of the …

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