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First Energy company to pay fine for bribing Ohio officials to bail out nuclear power stations

FirstEnergy agrees to pay $230M fine for bribing Ohio officials to bail out two nuclear plants, Utility Dive, Iulia Gheorghiu   July 23, 2021  

Dive Brief:

  • FirstEnergy Corporation announced on Thursday a settlement agreement to pay a $230 million penalty for bribing Ohio officials to  ensure the passage of a ratepayer-funded bailout for older generation assets, including two nuclear plants.
  • The utility cooperated with federal investigators to disclose paying millions through dark money groups to state officials, including former Ohio House Speaker Larry Householder and former Public Utilities Commision of Ohio (PUCO) Chairman Sam Randazzo. The company acknowledged using 501(c)(4) organizations, which are registered lobbying entities, to conceal the nature, source and control of payments in the pursuit of the nuclear legislation……………

The details in the 49-page settlement agreement, in which FirstEnergy had to admit that company executives paid money to public officials in return for official action, has led to stakeholders raising questions about utility dark-money and political spending………….

The OEC Action Fund is also asking for a full repeal of HB 6 and has called for an investigation into every PUCO and Ohio Power Siting Board ruling made under Randazzo’s tenure.

“Each case he presided over is possibly tainted by corrupt ties to FirstEnergy,” Taylor-Miesle said…………………….  https://www.utilitydive.com/news/firstenergy-agrees-to-pay-230m-fine-for-bribing-ohio-officials-to-bail-out/603836/

July 24, 2021 - Posted by | Legal, secrets,lies and civil liberties, USA

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