AES merger secures New York regulatory clearance
AES•New York’s Public Service Commission ruled that AES’s merger with Horizon Parent requires no further review; closing remains subject to additional regulatory approvals and customary conditions.
1. New York clearance
The New York Public Service Commission ruled on October 19, 2026, that AES’s merger with Horizon Parent requires no further review. The European Commission unconditionally cleared the merger on October 15.
2. Closing conditions
Under the March 1, 2026, agreement, Horizon Merger Sub will merge into AES, which will survive. Closing remains subject to additional regulatory approvals and other customary conditions; ownership upon closing will include investment vehicles affiliated with Global Infrastructure Management, the EQT Infrastructure VI fund and other investors.
