News
FirstEnergy Says Yost’s Civil Case Does Not Have ‘Legal Merit’
By: Andy Chow | Statehouse News Bureau
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COLUMBUS, Ohio (Statehouse News Bureau) — FirstEnergy is responding to a civil case filed against the company by Attorney General Dave Yost (R-Ohio) saying the utility company plans to “vigorously” defend itself.
“The attorney general’s lawsuit unjustly targets the FirstEnergy for lawfully participating in the political process and advocating for policy that’s consistent with our interests,” Young says. “Many public companies, we support policy initiatives that matter to our customers, employees, communities and shareholders. We believe the attorney general’s complaint is without legal merit, and we intend to vigorously defend ourselves.”
Yost’s civil suit seeks to stop any defendants in his filing from collecting any revenue created through HB6, which allows for monthly charges starting in January on all electric ratepayers bills to send money to nuclear, coal, and solar plants. HB6 also allows for “decoupling”, which guarantees FirstEnergy a certain amount of profits.
Yost says he’s basing his civil case on a federal racketeering investigation which accuses a utility widely believed to be FirstEnergy of playing a role in a bribery scheme.
FirstEnergy has denied wrongdoing in that federal investigation.
“Our CEO Chuck Jones said during an earnings call that we conducted in late July that he believes FirstEnergy acted properly in this matter and we intend to ensure our company and our role in HB6 is understood as accurately as possible and we will cooperate with the DOJ investigator as part of that process in demonstrating our role,” Young says.
The civil case is also filed against former House Speaker Larry Householder, Matt Borges, Neil Clark, Juan Cespedes, and Jeff Longstreth. All five people are indicted on racketeering charges, accused of playing a role in a bribery scheme that helped HB6 become law using $61 million from a 501(c)(4).