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Akron-based FirstEnergy will pay a $230 million fine for bribing key Ohio officials in a calculated quest to secure a $1 billion ratepayer-funded bailout for two nuclear plants and fend off future rate hikes.  FirstEnergy s fine – while far from the $1.1 billion the company earned last year – is still the largest criminal penalty ever collected, as far as anyone can recall, in the history of this office, acting U.S. Attorney Vipal Patel said Thursday. The penalty surpassed $200 million imposed on Illinois  ComEd in 2020.  Read the deferred prosecution agreement below The principle here is trying to come up with a number that stings but doesn’t annihilate, Patel said. In fact, FirstEnergy s stock soared after the three-year deferred prosecution agreement was announced. 

United statesMichael dowlingMike dewineDennis chackLauraa bischoffVipal patelLarry householderChuck jonesMount rushmoreDonaldt misheffDan mccarthyChris hoffmanSam randazzoPublic utilities commission of ohioEnergy harborFirstenergy solutions