Lawmakers press regulators to reject AES acquisition

A bipartisan group of lawmakers are urging federal regulators to block the multi-billion-dollar sale of power company AES, warning the deal could raise electricity costs for utility customers to benefit data centers. In a Sept. 28 letter to Federal Energy Regulatory Commission (FERC) Chair Laura Swett, lawmakers argued the acquisition would not be in the...

A bipartisan group of lawmakers are urging federal regulators to block the multi-billion-dollar sale of power company AES, warning the deal could raise electricity costs for utility customers to benefit data centers. In a Sept. 28 letter to Federal Energy Regulatory Commission (FERC) Chair Laura Swett, lawmakers argued the acquisition would not be in the...