Lawmakers press regulators to reject AES acquisition
Summary
A group of lawmakers from both political parties have asked federal regulators to stop the sale of power company AES. They believe the deal could cause electricity prices to rise for regular customers in order to help data centers.Key Facts
- Lawmakers sent a letter on September 28 to Laura Swett, chair of the Federal Energy Regulatory Commission (FERC).
- The letter requests blocking the sale of AES, a power company.
- The lawmakers are concerned the sale could increase electricity costs for utility customers.
- They warn that higher costs would mainly benefit data centers, which use a lot of electricity.
- The group includes representatives from both major political parties.
- The acquisition is worth billions of dollars.
- The regulators are being urged to carefully consider the impact on consumers.
- The focus is on protecting utility customers from potential price hikes.
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