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FirstEnergy paid $4 3 mil to top energy regulator and reaped the benefits, court docs say
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FirstEnergy paid $4 3 mil to top energy regulator and reaped the benefits, court docs state
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Exclusive -- DeWine Challenger Jim Renacci: Ohio Governor Is Democrat-Like
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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.
FirstEnergy used dark money groups
FirstEnergy preferred to funnel its political money through 501(c)4 organizations because disclosure isn t required, noting in an internal presentation the bulk of our contribution decisions are to c(4)s. Those kind of organizations are often referred to as dark money groups.
FirstEnergy pursued a federal solution to bailout its energy generation business. Efforts included wiring $5 million to a 501(c)4 organization in May 2017 after hiring a consultant with close ties to federal officials. FirstEnergy executives arranged for Republican Larry Householder to attend a presidential roundtable to help press the company s interests.
FirstEnergy and Householder were on the same team