Lawmakers urge FERC to block AES buyout
Lawmakers ask federal regulators to reject the acquisition of AES over bill hike concerns. The deal faces scrutiny regarding utility customers and data centers.
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A bipartisan group of lawmakers in the United States urged federal energy regulators to block the $33.4B acquisition of AES Corp. The transaction would take the power company private amid soaring electricity demand. Lawmakers warned the deal risks driving up utility bills to benefit affiliated data centers.
