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June 24, 2024

BlackRock

Allete
Canada Pension Board, Global Infrastructure Partners to Buy Allete
Canada's pension board and a private equity firm intend to buy Allete for $6.2 billion, a deal that appears to make some Minnesota regulators apprehensive.
© RTO Insider LLC
Energy Trade Groups Warn FERC Against Ratcheting up Affiliate Rules
Industry trade groups warned FERC against passing more stringent restrictions on investment funds’ shares in the power industry, but consumer advocates and Republican state attorneys general urged it to move forward with rule changes. 
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FERC Reconsidering Blanket Authorizations for Investment Companies
FERC opened an inquiry into whether it should continue to grant blanket authorizations for holding companies to purchase public electric utility securities.
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Vanguard Wins Investment Extension in Split Decision at FERC
Vanguard’s request for an extension of its authorization to procure utility securities went into effect as FERC’s commissioners apparently split 2-2.
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BlackRock Decision Unearths FERC Wariness of Investor Influence on Utilities
FERC renewed BlackRock's blanket authorization of utility stock purchases, but two commissioners expressed concern about it exerting undue influence.
Daimler Trucks North America LLC
NextEra, Daimler, BlackRock to Build EV Charging, Hydrogen Refueling Network
NextEra, Daimler and BlackRock announced a joint venture to build and operate a national network of electric charging and hydrogen refueling stations.
Americasroof, CC BY-3.0, via Wikimedia
Panel: Structural Issues Hamper US Sustainable Investing
The U.S. lags other wealthy countries in prioritizing sustainable investing, participants in virtual panel hosted by the Institute for Energy Economics and Financial Analysis (IEEFA) said last week. Despite progress in recent years, the panelists said, the mainstreaming of sustainable investing still faces structural hurdles, particularly at the institutional level, with financial service providers and …

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