BlackRock’s Hostile Takeover of Your Light Bill
BlackRock isn’t investing — they’re buying the grid itself.
They spent $12.5B to acquire GIP with $100B in infrastructure assets. Now their next target is a distribution utility worth over $100B — nearly 10 times bigger than their first buy. When you own the wires and substations, you don’t just supply power… you control rates and dictate what energy gets used.
Trump’s One Big Beautiful Bill ripped away the federal 30% solar tax credit and gutted renewable subsidies. D.C. pulled the plug on handouts. Wall Street’s workaround? Buy the distribution and force renewables through ownership.
💡 What that means for your wallet:
• California average price: ~35¢ per kWh
• New Jersey: ~20.5¢ per kWh
• National average: ~17.5¢ per kWh
California is roughly double the national average. New Jersey is about 20% higher. Who pockets the difference? BlackRock.
This isn’t investment — it’s extortion with a green label. Trump ended the subsidies, but BlackRock found a new play: jack your electric bill and call it saving the planet.
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