by Derek Seidman | Jan 2, 2026 | Arizona, data centers, Debt, electricity, Energy, energy bills, Fossil Fuels, housing, Interview, labor, New York, public utilities, Racial Justice, Unions, utilities, Washington D.C.
Electricity bills for millions of utility customers are skyrocketing across the U.S. while the number of households facing extreme utility debt is mounting. Energy costs are being turbocharged by the AI data center boom, which is prolonging the burning of fossil fuels in the face of intensifying climate chaos. Overseeing all this is a powerful regime of investor-owned utilities that dominate our…
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by Derek Seidman | Nov 11, 2025 | BlackRock, Climate Change, Climate Crisis, data centers, electricity, Minnesota, News Analysis, Private Equity, public utilities
Ratepayers across the U.S. are facing rising electric bills — a trend that could be turbocharged by Wall Street’s growing effort to capture the electric utilities we all depend on. A critical turning point in this development occurred in October when Minnesota state regulators greenlit the acquisition of Allete by asset management behemoth BlackRock — set to become Allete’s majority…
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