BlackRock-affiliated Group to Buy AES Parent; Crossvine Solar, AES Indiana Unaffected

A BlackRock-affiliated infrastructure investor group has agreed to buy AES’s parent company in a transaction reported at roughly $33.4 billion, trade reporting said, a deal that directly affects assets tied to Dubois County such as the Crossvine Solar project located south of Huntingburg. The Indiana Capital Chronicle first reported the acquisition on March 2, and the item was carried locally by the Dubois County Free Press, Inc.

AES provided a blanket assurance about local operations, saying AES Indiana and AES Ohio will remain “locally operated and managed” regulated utilities and that the acquisition “is not expected to impact customer rates.” The Indiana Capital Chronicle noted the company “could go private as soon as this year,” language echoed in local carry of the report by the Dubois County Free Press.

The purchase prompted immediate political pushback in Indianapolis and beyond. U.S. Representative André Carson said, “I’m very concerned that AES’s move toward private ownership will hurt Hoosiers. Private firms having a stake in public utilities – an essential service – will put profits over people.” State Representative Cherrish Pryor charged that AES “conveniently” made the announcement just after Friday’s conclusion of the 2026 legislative session “to dodge efforts” regulating or blocking such sales. The Indiana Capital Chronicle’s header also noted that Democrats decried the move while the governor said the “main criterion” is bringing down rates.

Local reporting emphasized the link to the Crossvine Solar project: the Dubois County Free Press explicitly reported that “AES owns the Crossvine Solar project located south of Huntingburg.” The available coverage did not include further project specifics such as capacity in megawatts, construction status, or local tax and lease arrangements in Dubois County; AES’s statement focused on the operational status of its regulated utilities and on customer rates.

Coverage varies slightly on the headline number. The most specific figure in trade reporting was “roughly $33.4 billion,” while other iterations described the transaction as “a $33 billion deal” or “more than $33 billion.” Reporting also described the buyer as “a group of large domestic and foreign investors” led by an entity described as BlackRock-affiliated, indicating a consortium rather than a single corporate buyer.

The initial Indiana Capital Chronicle piece was by Leslie Bonilla Muñiz and carried a timestamp of March 2, 2026, 2:34 pm in one extract; the same reporting was distributed locally by the Dubois County Free Press, Inc. If the transaction closes this year as the reports suggest, AES’s parent would move to private ownership while AES maintains that AES Indiana operations and customer rates will remain unchanged. Local officials, customers, and project stakeholders will be watching for formal deal documents and any filings or statements that clarify ownership of Crossvine Solar and the practical effects on Dubois County.