Blackrock AES acquisition What it means for Hoosier consumers

Private equity is showing increased interest in utility companies, and a major utility provider in Indiana could soon be the next one to get gobbled up.

Several reports say BlackRock -owned Global Infrastructure Partners is nearing an acquisition of AES Corporation worth $38 billion. The Financial Times first reported in early October that BlackRock was nearing a final deal.

The potential deal has implications for thousands of Hoosiers, as AES Indiana is the largest utility of AES Corporation and one of the major energy suppliers powering the state.

Here's what to know about the possible acquisition and how it could affect AES customers.

What is BlackRock?

An American investment company, BlackRock is one of the largest asset managers in the world. The New York-based company mana