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Warren, Bipartisan Group Urge FERC to Reject $33.4B AES Sale

By Drooid · Sep 30, 2026, 12:16 AM UTC · How we work

Summary

Story summary

Sen. Elizabeth Warren and a bipartisan group urged Federal Energy Regulatory Commission (FERC) to reject $33.4 billion AES sale.
In a Sept 28 letter, they argued the deal fails the public-interest test by potentially raising electricity rates.
Investors Global Infrastructure Partners target a 15-20% return, roughly double regulated utilities’ median, which could prompt rate hikes.
AES asserts the deal will not raise rates; Ohio regulators approved it, and closing is expected late 2026.

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Story summary

Sen. Elizabeth Warren and a bipartisan group urged Federal Energy Regulatory Commission (FERC) to reject $33.4 billion AES sale.
In a Sept 28 letter, they argued the deal fails the public-interest test by potentially raising electricity rates.
Investors Global Infrastructure Partners target a 15-20% return, roughly double regulated utilities’ median, which could prompt rate hikes.
AES asserts the deal will not raise rates; Ohio regulators approved it, and closing is expected late 2026.