Wall Street utility takeovers may mean higher bills ahead

Wall Street utility takeovers may mean higher bills ahead

As data centers multiply across the United States, energy demand is increasing at a rapid pace. This has not escaped the notice of large investment firms from Wall Street. The likes of BlackRock and Blackstone are trying their very best to acquire utility companies in hopes of capitalizing on lucrative grid upgrades. On the other side of things, consumer advocates and regulators are raising alarms, worried that these moves prioritize profits ove…