Joanne Nucho
@jnucho.bsky.social
21 followers 52 following 4 posts
anthropologist, filmmaker writing about electricity, energy, and the future of the grid author of Everyday Sectarianism in Urban Lebanon (Princeton 2016) opinions expressed here are my own, and do not reflect the views of my employer www.joannenucho.com
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jnucho.bsky.social
Our commons are being gifted to tech. Private equity has its eyes on buying up parts of the grid to fuel a speculative dystopian future where AI data centers drink our water and energy resources. Just this month, blackrock buys an entire public utility and it barely makes waves.
jnucho.bsky.social
This was a $2.2 billion dollar project, less than 15 years old, and already getting shut down. You can see it driving from LA to Las Vegas - it looks like the eye of Sauron and apparently incinerates 6000 birds per year.
jnucho.bsky.social
This is absolutely stunning. "We see BlackRock positioning itself very aggressively to take advantage of the entire supply chain when it comes to AI and data centers, and power generation is a really key part of that,” Schafer told the Prospect. "
prospect.org
Ignoring a judge’s recommendation, the Minnesota regulators unanimously approved BlackRock’s plan to take Minnesota Power private. Private equity is buying up utilities as profits from fueling data centers grow. From James Baratta: trib.al/DhfuUOy
BlackRock Just Bought a Minnesota Utility
On Friday, state regulators voted unanimously in favor of allowing private equity to take a Duluth-based utility holding company private. The Prospect takes you inside the room where it all went down.
trib.al
Reposted by Joanne Nucho
prospect.org
Ignoring a judge’s recommendation, the Minnesota regulators unanimously approved BlackRock’s plan to take Minnesota Power private. Private equity is buying up utilities as profits from fueling data centers grow. From James Baratta: trib.al/DhfuUOy
BlackRock Just Bought a Minnesota Utility
On Friday, state regulators voted unanimously in favor of allowing private equity to take a Duluth-based utility holding company private. The Prospect takes you inside the room where it all went down.
trib.al
Reposted by Joanne Nucho
bdlimm.bsky.social
@moneyontheleft.bsky.social gave me the privilege + pleasure of reading an earlier draft; I'm excited to see it made public.

May this vision help generate thousands of curious convos, a robust counterculture on public finance...

....and, one day, radical financial action at a scale of millions.
Reposted by Joanne Nucho
princetonupress.bsky.social
A bold vision that empowers communities to solve our cities’ most pressing problems.

Celina Su's Budget Justice is out now in North America (4 Nov UK pub). Read a free sample: press.princeton.edu/books/hardco...
Budget Justice: On Building Grassroots Politics and Solidarities by Celina Su. A bold vision that empowers communities to solve our cities’ most pressing problems
jnucho.bsky.social
This is the biggest story in US energy today in terms of precedent and potential impact. Everyone should be watching.
mprnews.org
Gov’t regulators will soon decide if Minnesota Power can be sold to BlackRock, the world’s largest asset manager.
Supporters say the deal is key to going carbon-free. Opponents say it puts profits ahead of people. Do you trust private equity to run a public utility? A decision is expected Oct. 3.
Can private equity pave the way for Minnesota’s clean energy transition?
Minnesota Power says the utility needs private investment to finance its shift to carbon-free electricity. Skeptics fear higher rates and broken promises.
www.mprnews.org