Sustainable Finance Newsletter - Under pressure, Vanguard suggests new stewardship limits
March 27 (Reuters) - A pillar of capitalism shook off a challenge last May when the U.S. Federal Energy Regulatory Commission allowed Vanguard Group to keep owning big stakes in the country's power utilities. But the body known as FERC has since begun a review of its policy toward investment company ownership of utilities. Since Vanguard and rivals often own big stakes of major electric companies, new ownership limits could force huge stock divestitures.
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