U.S. News Unfiltered — Energy Transition

BlackRock's $6.2 billion bid to acquire Minnesota Power through ALLETE is facing intense scrutiny, with an administrative law judge recommending denial amid fears of rate hikes and slowed clean energy progress. Environmental groups and locals rally against the private equity takeover, highlighting accountability concerns, while proponents promise investments in renewables. As PUC hearings loom, this deal tests the balance between corporate capital and public interest in U.S. utilities.