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***MEDIA ADVISORY*** PRESS CONFERENCE: Elected Officials and Community Leaders Stand Against the $6.2B Private Equity Acquisition of Minnesota Power DULUTH, Minn. – Next week, elected officials, community members and organizations parties to the case will hold a press conference outside of…
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…
Trump Executive Order Opens 401(k) Plans to Private Equity, Prompting Serious Concerns Executive Order Summary This month, President Trump signed an executive order that instructs the Department of Labor (DOL), Securities and Exchange Commission (SEC)…
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…
BlackRock’s $6.2b bid for Minnesota Power sparks watchdog warnings of higher rates and risks to the clean energy transition. Last week, The Lever published an in-depth investigative report titled “This…
We’re proud to share with you the first-ever Private Equity Stakeholder Project Impact Report. Private equity and other private funds have grown into a $22 trillion industry that now employs tens of millions of…
PESP’s work and research into the private equity industry generates significant media coverage in numerous outlets. Scroll down to see where our expertise was featured in July 2025. Featured coverage Wall St. Firms Are Buying…
The Minnesota State Board of Investment is a relatively unknown state agency with a critical role for Minnesotans: managing over $146 billion in assets including public employee retirement plans. Its board members include Gov. Tim Walz, State Auditor Julie…
Private Equity Climate Risks project adds over 60 newly identified gas-fired power plants to energy tracker Explore the expanded Global Fossil Fuel Asset Tracker: now 600 assets across 63 countries The August 2025 update to the Global Fossil Fuel Asset…
PESP warns Trump’s Executive Order opening 401(k)s to private equity poses significant risks to working Americans’ retirement savings Executive Order could benefit Wall Street firms while exposing retirement savers to higher fees, poor returns, and hidden risks Today, President Donald…
