Find more information on the issues deeply affected by private equity investments:
Minnesota’s energy future deserves better than BlackRock’s empty promises The administrative law judge got it right on the ALLETE deal: Deny The following op-ed by PESP climate and energy director Alissa Jean Schafer published in August in Utility Dive:…
Investigation uncovers how the world’s largest asset manager is leveraging political pressure and conflicts of interest in its bid for Minnesota Power A new investigation by The Lever has revealed troubling details about the political pressure campaign…
On July 15th, Minnesota Administrative Law Judge Megan J. McKenzie (ALJ) issued a report of Findings of Fact, Conclusions of Law and Recommendations (report) in the contested case proceeding for the petition of Duluth-based utility Minnesota Power’s parent…
On April 17, 2025, the Federal Energy Commission approved the extension of BlackRock’s blanket authorization to acquire voting securities of any “public utility,” “electric utility company,” “transmitting utility,” or “holding company in a…
PESP submits expert testimony as BlackRock’s Global Infrastructure Partners strives to acquire northern Minnesota utility, Minnesota Power In February, the Private Equity Stakeholder Project (PESP) submitted direct testimony on behalf of CURE MN…
Download PDF flyer here In May of 2024, New York-based private equity firm Global Infrastructure Partners (GIP), a subsidiary of BlackRock, announced its plan to buy ALLETE, Minnesota Power’s parent company. The deal would include GIP investing…
Rio Grande LNG, backed by Global Infrastructure Partners, a wholly-owned subsidiary of BlackRock The risks to investors of Global Infrastructure Partners’ and BlackRock’s Rio Grande LNG are mounting as the project faces growing…
The U.S. Federal Energy Regulatory Commission (FERC) has approved BlackRock’s $12.5 billion acquisition of private equity firm Global Infrastructure Partners (GIP), BlackRock’s largest acquisition in 15 years. As part of the deal, BlackRock…
BlackRock, the world’s largest asset manager, with $10 trillion in assets under management, announced its plans to acquire private equity firm Global Infrastructure Partners (GIP) in January of this year. The $12.5 billion deal would be BlackRock’s largest…
The Private Equity Stakeholder Project submitted a letter calling on the FTC and the DOJ to block the proposed merger of asset manager giant BlackRock and private equity firm Global Infrastructure Partners (GIP). The merger appears to be…
A proposed merger of asset manager giant BlackRock and private equity firm Global Infrastructure Partners (GIP) is currently under review by the Federal Energy Regulatory Commission (FERC.) This $12.5 billion deal would be BlackRock’s largest acquisition in 15 years and…
Uncertainty around global demand for liquified natural gas (LNG), otherwise known as methane gas, and overinvestment in export infrastructure should raise questions about massive proposed projects like Global Infrastructure Partners’ (GIP) Rio Grande LNG Terminal. There is increased uncertainty for…
