In a pivotal move on Thursday, the U.S. Federal Energy Regulatory Commission (FERC) approved BlackRock’s $BLK acquisition of large stakes in utility companies. This decision marks an important milestone for the world’s largest asset manager, setting a precedent amid concerns over its potential market influence.
Dutch energy company TenneT has announced a comprehensive restructuring of its financing framework geared toward streamlining operations between its Netherlands and German segments. This strategic maneuver is intended to optimize investment activities, promote sustainable growth, and pave the way for the potential sale of its German division—a decision approved in December of last year.
