These private equity firms have something on the order of a trillion dollars they have to deploy.
Sure, it's a bubble but what a magnificent bubble it is.
Lifted in toto from Reuters via MSN, July 15:
-Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh.
Gray said Blackstone had identified several sites to build large data centers and would also later be announcing with a Pennsylvania utility a plan to build a number of natural gas generation plants.
This is the get-together we posted on yesterday: "Trump to unveil $70B in AI and energy investments" (GEV; PWR)
And as noted introducing May 20's "Infrastructure: Blackstone Is Buying An Electric Utility (BX; TXNM)":
This
is something we will see more of, private equity in regulated
utilities. It's hard to asset-strip the darn things due to said
regulators but boy-oh-boy do they cash flow. Just ask Warren Buffet....
