News
FirstEnergy Reevaluates Denial Of Ratepayer Funds In Bribe
By: Associated Press
Posted on:
COLUMBUS, Ohio (AP) — Utility giant FirstEnergy Corp. says it’s reevaluating previous denials that the company used customer money to secretly fund a $60 million bribery scheme.
The Akron-based company filed notice with the Public Utilities Commission of Ohio on Friday saying its deferred prosecution agreement with the U.S. Justice Department requires a re-examination of those denials that ratepayers funded the scheme to win legislative approval in 2019 for a $1 billion bailout for two unprofitable nuclear power plants it owned at the time.
FirstEnergy agreed last week to pay a $230 million penalty to potentially avoid criminal prosecution.