Consumer Protection

Private Equity’s Grip on Utilities Threatens American Families with Higher Electric Bills

By Economics Desk | September 27, 2025

As private equity firms like BlackRock push to buy local utilities nationwide, American families risk bearing the cost of soaring electric bills—fueling Big Tech’s data centers at taxpayer expense.

Across America, a quiet yet dangerous shift is underway as powerful private equity firms eye control over our electric utilities. This isn’t just about corporate finance; it’s about the energy lifelines that millions of hardworking Americans rely on daily—and how those lifelines may soon come with a much higher price tag.Why Are Giant Investors Targeting Local Utilities Now?With the explosive growth of artificial intelligence and data centers hungry for power, firms like BlackRock and Blackstone see an unprecedented opportunity. By acquiring utilities delivering electricity to over 150 million customers in states from New Mexico to Minnesota, these investors are positioning...

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