Lawmakers urge FERC to block AES power company sale
What's the deal? A bipartisan group of lawmakers is pressing federal regulators to reject the multi-billion-dollar sale of power company The AES Corporation. In a September 28 letter to the Federal Energy Regulatory Commission (FERC), the lawmakers warned the acquisition could raise electricity costs for utility customers to benefit data centers.
Why now? The letter lands as regulators weigh approval of the deal, whose value remains undisclosed.
What could go wrong? The lawmakers argue the transaction risks shifting higher power costs onto ratepayers to serve energy-hungry data centers.
The signal: Bipartisan pushback over an AES sale points to growing scrutiny of how data center demand shapes energy deals and who pays for it.
Read more: upstract.com
Image credit: Oran Viriyincy
