Thirteen state attorneys general are urging the Federal Energy Regulatory Commission to reconsider its 2019 authorization allowing The Vanguard Group Inc. to invest in electric utilities, worrying that Vanguard’s well-known environmental activism and ESG demands will continue to guide decision-making and that Vanguard will use its financial position in the utilities to influence power portfolio and generation mixes.

“Should a company like Vanguard seek to influence the management and operation of Utilities’ generation portfolio, for example, this could have a significant impact on the rates consumers pay for electrical service,” the commissioners said.

Full article from Impact Investing HERE.