⚠️Private equity firms are executing a hostile takeover of America’s public utilities

Jimmy Dore: The largest private equity firms on earth are executing a hostile takeover of America’s public utilities.
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BlackRock and Blackstone are moving to acquire essential power infrastructure in Minnesota, Texas, and New Mexico. Their playbook? A scorched-earth campaign of political corruption, revolving-door regulators, and astroturfed support from supposed “clean energy” and “labor” groups.
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Here’s what’s happening:
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• MONOPOLY CONTROL: These are regulated monopolies. You have NO choice in who provides your electricity.
• PRICE SPIKE GUARANTEE: Watchdogs warn this will lead to massive rate hikes. Private equity’s model is extraction, not service.
• THE CORRUPTION MACHINE: Former utility commissioners are now on BlackRock’s payroll.
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“Clean energy” groups are taking sponsorship money from the very law firms pushing the deal. Metadata reveals unions’ support letters were drafted by BlackRock’s attorneys.
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This isn’t about profit. It’s about total control.
We saw this in California in 2000: rolling blackouts, 800% rate increases, and engineered scarcity. Now, they’re coming for the entire grid.
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Some things should never be privatized. Fire departments don’t let your house burn down if you miss a payment. Electricity shouldn’t be a luxury good.
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This is a turning point. If we don’t stop this, we’re welcoming a new era of corporate feudalism.

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