Energy regulator grants BlackRock renewed authorization for large utility investments

Energy regulator grants BlackRock renewed authorization for large utility investments

The Federal Energy Regulatory Commission gave the nation’s largest asset manager to continue to acquire up to 20% of voting securities for utility companies for another three years.

BlackRock Can Keep Big US Utility Stakes, Regulator Rules - Energy News, Top Headlines, Commentaries, Features & Events

By Ross Kerber April 17 (Reuters) – U.S. energy regulators gave BlackRock (BLK.N) renewed permission to own major stakes in public utility companies on Thursday, a win for the world’s top asset manager over politically-charged concerns that it wields too much influence. The decision by the U.S. Federal Energy Regulatory Commission included a concurring opinion ...