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Get ready for your electricity bills to skyrocket, both BlackRock and Blackstone have begun purchasing American electric utilities companies “Private equity firms BlackRock and Blackstone are both in the process of acquiring their first electric utility companies - BlackRock is buying one based out of Minnesota for a little...

383,855 Aufrufe • vor 1 Jahr •via X (Twitter)

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This is serious: BlackRock is no longer just investing in stocks, they’re beginning to purchase critical infrastructure in America BlackRock is trying to buy Minnesota Power, which provides powepto over 150,000 people They want to profit off of the soaring electricity demand from Al data centers. If they win, and if it's profitable, your power company could be next The higher they can skyrocket energy prices, the more they’ll cash in “BlackRock acquired Global Infrastructure Partners and since that deal, they've been a lot more involved in infrastructure” “This is a test case for companies like BlackRock expanding into industries that we use every day. Things like water, hospitals, and electricity. And if they haven't already, they could be coming to your town soon.” “If we look at northern Michigan, there is a utility called the Upper Peninsula Power Company or Upco. This was acquired by a private equity firm in 2014. Upco customers have seen a spike in their rates. Many say they can't afford. After the private equity firm took it over, shortly thereafter, they raised the bills. A couple of years later, bills went up again. Then that private equity firm sold it to a different private equity firm. Once the new private equity owners were in control, they raised bills again. Since 2014, Upco, being owned by private equity, has seen four bill hikes. There's nothing stopping BlackRock from doing the same thing in Minnesota.”

Wall Street Apes

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THERE IT IS 🚨 Yet again, it’s BlackRock running a new scheme that’s behind skyrocketing energy prices You need to understand what’s happening, this is CRIMINAL “The scheme enriches massive firms like Blackrock and Vanguard, meanwhile customers are forced to pay higher and higher energy bills” Wall Street owned utility companies are building expensive polluting energy projects to drive up shareholder profits “Wall Street investors are infiltrating your home in ways you might not even realize, but are paying a huge price for. Get ready to pay more for your electricity bills” “People should be angry. To uncover how electric utilities are getting away with this, we talked to an industry insider. People were realizing, like, hey, this is a corrupt business model. It's not bribes, but it is corruption.” “These companies are gaming the system and making homes uninhabitable — The corrupt business model that companies like Northwestern are using firsthand. A lot of people don’t realize that their local utility company is a for-profit company. And like any other for-profit company, their incentive is to maximize profits. Northwestern Energy is an investor-owned utility. Its biggest shareholders are massive investment firms like BlackRock and Vanguard. Almost two-thirds of U.S. electric utilities are investor-owned. Their main goal is not to provide affordable power for the community, but to generate profit. The utilities’ profits are basically a fixed percentage on the amount of capital they invest in infrastructure, power plants, pipelines, distribution systems. The more expensive a project, the more money investors get out of that fixed profit percentage. So if their profit is based on how much they invest, and like every other investor-owned company, they want to maximize profits, how do they do that? By maximizing the amount of capital they invest.” “Unlike the profits of other companies, utilities’ profits are set by government regulators. So in principle, the regulator’s job is to balance the consumer and the investor interest, right? Based on my work and the observations of many others, regulators are not doing their job when it comes to balancing those interests with respect to setting the appropriate level of utility profits.” There is so much more good information in this video. This same scam is happening all over the country. This is organized crime to steal our tax money

Wall Street Apes

132,504 Aufrufe • vor 1 Jahr

BlackRock started buying American public utility companies They buy them with debt, when the purchase goes through the debt goes to the power company, not to BlackRock This means entire states power bills will instantly rise to pay off the debt. It’s a racket and it’s started “What if I told you that your electricity bill isn't just paying for the power you use? It might also be paying off Wall Street's debt.” “Here's how private capital works. Firms like asset management giant BlackRock don't usually buy companies with their own money. Instead, they raise giant funds from pension systems, governments, and wealthy investors. When they go shopping, whether it's for a factory, a toll road, even your power company, they use part equity from those investors and part debt borrowed from banks and bond markets. Here's the catch: that debt doesn't sit on BlackRock's books. It sits on the company they just bought, and it's the company, not the asset manager, that has to pay it back. Now, when the company is a utility, like water, gas, or electricity, it's not just any business. Utilities are monopolies. You can't just shop around for a new power company. So, where does the money to pay back that debt come from? It comes from you, the ratepayers. In leveraged acquisitions of utilities, the bills you pay every month are the revenue stream that services Wall Street's loans. Let's take a real case. Last month, state regulators approved a $6.2 billion buyout of ALLETE, the parent company of Minnesota Power, the state's main power utility. The buyers, Global Infrastructure Partners, which is owned by BlackRock, together with Canada's Pension Fund. A public utility that hundreds of thousands of Minnesotans rely on is shifting into the hands of private capital. Critics, like one administrative law judge who advised the acquisition be stopped because it's not in the public interest, warn that buyers are paying a big premium over the utility's actual worth here, potentially hundreds of millions above market value. And when investors pay more, they expect to earn more back. Where's that money gonna come from? Well, the fear is from higher rates or cuts to services, bigger bills for you while your utilities get worse, while BlackRock collects steady fees for managing the investment”

Wall Street Apes

893,881 Aufrufe • vor 9 Monaten

Investigation exposes the hidden cost of data centers, “It’s in your electric bill” “Companies like Amazon and META striking secret deals with utilities. It's all proprietary. It's all behind non-disclosure agreements and blacked out documents, and lobbying for a system that leaves all of us footing their bill” “The big problem is that we're all subsidizing the wealthiest corporations in the world in their pursuit of artificial intelligence.Americans' utility bills are rising while Big Tech's profits are going through the roof” “Everyday people covering the power costs of the data center build out.” “In 2025, the tech industry is expected to spend about $475 billion on data centers up 42% since last year. Today, data centers make up about 4% of US electricity demand. In just the next three years, that's expected to triple. The United States has never generated more electricity in our history than we are today.” “He explained to me that when utilities have to pay a higher capacity price, they pass it on to consumers in the form of supply charges. According to the PJM's independent monitor, data centers were responsible for 63% of last year's price increase. We saw customers with bills $900 over $1,000. It's unfathomable that they are having to pay higher rates to support wealthy corporations building data centers.” “The basic idea is that utility builds something and you socialize the costs to all of the ratepayers that have no choice but to take that utilities service. The cost of new infrastructure mostly shows up on another part of your electric bill, sometimes called delivery charges. Utility companies are allowed to set those charges high enough to recoup every dollar they spent building, plus a regulated rate of profit, usually around 10%. So this is a huge profit opportunity.” “Last year, a utility company in Louisiana proposed to spend $3 billion on a new power plant to meet electricity demand from a Meta data center. The full terms of its deal with Meta are secret, but redacted regulatory filings have revealed that the public is on the hook for Meta's power plant. Meta has signed a 15-year deal and it only obligates them to pay for about half of that $3 to $4 billion of infrastructure, which means that there's a big risk that everyone else in Louisiana will get stuck with the rest of that bill”

Wall Street Apes

138,820 Aufrufe • vor 1 Jahr

IT’S TRUE 🚨 Proof the reason veterinarian bills for your pets have skyrocketed recently is because Private Equity Firms have been buying up all the veterinarian clinics throughout America and then raising prices “Massive corporations and private equity firms have been taking over vet care at an alarming rate, owning up to 50% of clinics and up to 75% of emergency hospitals. They're also snapping up pet insurance companies and even pet food brands.” “If you're a pet owner, you've probably been noticing that your vet bills have become more and more and more expensive over the years. But it's even worse than you might think. The cost of vet care has gone up by 60%” “The veterinary industry is a f***ing racket. Animal health care is a f***ing scam. When I started looking into it, I found endless complaints of vet bills through the roof, unexpected charges, and people feeling like they had no choice but to pay up. Veterinary medicine is the gold rush of 2024. I call it the rise of Big Vets. These massive private equity firms are buying up veterinary clinics in the hundreds all across the United States. We talked to veterinarians and journalists to find out exactly why your vet bill has gotten so high” “As private equity firms buy up even more clinics and expand into other pet services. Just last year, private equity company Blackstone purchased Rover. It's an online pet sitting and dog walking company. And Jap Consumer Partners is buying up pet insurance.” All the evidence is in this video, prices are expected to keep rising as private equity firms take over what’s left of the vet care industry This MUST be stopped. Why is American Government allowing private equity firms to buy everything and DESTROY Americans way of life by skyrocketing prices ‘Private Equity's Ruthless Pet Care Scheme’ - More Perfect Union

Wall Street Apes

425,352 Aufrufe • vor 1 Jahr

Wake Up NJ Speech from Trenton today in the Assembly Appropriations Committee on Bill A5267 How are you doing members of the committee, My name is Michael from Wake Up New Jersey, Bill A5267 means to procure and incentivize transmission-scale energy storage for "renewables" such as solar and wind How is this being funded? Well through your NJ electric bills! Starting July 1st 2027, a "minimum" of $60M will be collected via the societal benefits charges or SBC Might be asking yourself, what's an SBC? When first digging into why our bills were so high in February this year I had no idea, but They are hidden charges in your electric bills to pay for mostly pet projects The Board of Public Utilities or BPU, recommends the SBC funding level for 2025 to be?......anyone here know? It's over $344M per year in our NJ electric bills Why don't we go over a few these programs, Ever Heard of Charge Up New Jersey? It's a program that gives folks up to $4,250 dollars for buying Electric Vehicles and chargers. This is costing NJ residents over $30 million dollars a year in their electric bills How about 'It Pay$ to Plug In', this program has spent $100M since 2012 on EV chargers in your electric Bill! This program cost ratepayers $27M this year alone as an SBC Per year Electric Vehicle Programs total $82.5M, Clean Energy Equity costs us $16.6M, NJ Wind total $22M and Energy Storage is currently costing the rate payers $29.5M per year, just to stress again this bill your voting on today will jump it up to $60M a year at a minimum! More than double it's current total Why is all this in our New Jersey Electric Bills? Want to know the real problem NJ? Democrats here have been pillaging your pockets, nickel and diming you year after year for pet projects in your electric bills. Now with the rake hikes happening, they are frantically trying to steamroll multiple bills in committees in an effort to deflect from the main issue Since 2017 - 6 power plants have closed totaling over half our power here in NJ, Democrats championed coal and nuclear plants being shut down, betting on Windfarms that never happened, this is a huge reason our electric bills are so high here, we need sensible solutions, not a green agenda storage push that caused this mess New Jersey residents pay over $8,100 more per year than the average American Household on their bills and pay around $700 more per month in overall bills compared to the national average My handle receives so many messages, comments, concerns from citizens that are struggling daily, some working 2 to 3 jobs, this state is becoming more unaffordable each and every day, and bills coming out of this Legislature that add to that burden, are not good for the hardworking people of New Jersey We are already hurting with the worst property and corporate taxes, one of the worst income and gas tax rates, and the absolute worst overall tax burden at over 54% of your lifetime earnings being syphoned from our NJ residents How much more do you want to take from us? How do you justify so much money hidden in our electric bills yearly? This endless spending path is unsustainable, we need more money in our pockets, not less Voting yes for this literally raises our electric bills yet again, is that really what you want to do to the people of NJ? Thank you Any questions? Or comments?

Wake Up NJ 🇺🇸 New Jersey

145,050 Aufrufe • vor 1 Jahr

New data shows the cost to go to a bowling alley is becoming so unaffordable, it’s out of reach for many American families Private Equity Firms have started buying up bowling alleys and skyrocketing prices A company called Lucky Strike funded by private equity has been on a buying spree and now owns more than 1 in 10 bowling centers nationwide “In a growing number of cities, it can cost more than $150 for a family to bowl for a couple hours on a weekend, which led me to Wichita, Kansas, where locals take their bowling seriously. The city back in 2022 had 4 locally owned bowling centers, Then a Wall Street corporation came to town Lucky Strike. The company, fueled by private equity investments, bought 3 of the 4 bowling centers from the family that had owned them for years and has controlled the majority of lanes in the city ever since.l — The whole thing just feels like a microcosm of the modern American concept of corporate entities buy everything, they take over” Just since 2016 the cost to go bowling has doubled and some reports show it’s more than doubled Private Equity Companies like Bowlero and Lucky Strike now 350+ locations and use data-driven pricing and have reduced traditional leagues in favor of higher-margin entertainment Private equity firms are a literal cancer in America. They destroy every single thing they touch and ruin our way of life These private equity bowling alleys are even using dynamic pricing.. this is insane

Wall Street Apes

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