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BlackRock's $6.2B Deal Sparks Clean Energy Debate in Minnesota

10/6/2025

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Summary

Story summary

Minnesota regulators approved BlackRock's $6.2 billion acquisition of Minnesota Power.
Renewable-energy investments dominate new generator projects.
Opposition cites profit concerns; critics warn the takeover could raise electricity rates.
Supporters emphasize protections and a commitment to clean energy investments.
The deal is central to Minnesota's 2040 goal of 100% carbon-free electricity, amid rising nationwide electricity costs.

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Story summary

Minnesota regulators approved BlackRock's $6.2 billion acquisition of Minnesota Power.
Renewable-energy investments dominate new generator projects.
Opposition cites profit concerns; critics warn the takeover could raise electricity rates.
Supporters emphasize protections and a commitment to clean energy investments.
The deal is central to Minnesota's 2040 goal of 100% carbon-free electricity, amid rising nationwide electricity costs.