Akron Beacon Journal: 4 actions Ohio residents must demand following FirstEnergy, Householder corruption
Akron Beacon Journal
Not so quick, FirstEnergy. Your contrition and $230 million plea deal might satisfy shareholders, but it’s far from the end of your embarrassing saga and the need for significant political reforms in Ohio.
The Akron-based utility that spans five states formally admitted Thursday to bribing state leaders to pad its bottom line at the expense of all Ohio ratepayers. The company agreed to pay a $230 million fine, with $115 million earmarked for helping people pay their utility bills. Ratepayers can’t be assessed the cost.
Shareholder lawsuits bolstered by Thursday’s criminal admissions and possible Securities and Exchange Commission and Public Utilities Commission of Ohio enforcement actions still cloud FirstEnergy’s future. Its reputation remains tarnished by the outright greed of its former leaders in their pursuit of a $1 billion taxpayer bailout f
FirstEnergy extensive ties to DeWine administration include lobbyists
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