Indiana Treasurer Daniel Elliott released a statement Tuesday in response to the announcement of the AES purchase by BlackRock, EQT, CalPERS, Qatari Investment Authority.
Elliot says he is extremely concerned by the presence of CalPERS, the California Pension fund, and the influence they’ll have over the lives of Hoosiers.
Recently, CalPERS lost over 300 million dollars of retiree money, and their mismanagement is now the subject of a Congressional probe.
The Qatari Investment Authority has known ties to Hamas.
Elliot says this fundamentally misaligns with Hoosier values.
AES Indiana is currently investor-owned and serves over 500 thousand retail customers.
Indiana Congressman Andre Carson says private ownership of the utility will hurt Hoosiers, saying “private firms having a stake in public utilities, an essential service, will put profits over people.”
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