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HB 6 scandal: FirstEnergy to pay $230 million penalty in deal with feds

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. ....

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Federal authorities to make Ohio 'public corruption announcement' this morning

Federal authorities to make Ohio 'public corruption announcement' this morning
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FirstEnergy scandal: FirstEnergy charged in bribery scheme

FirstEnergy scandal: FirstEnergy charged in bribery scheme
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HB 6 scandal: FirstEnergy to pay $230 million penalty in deal with feds

HB 6 scandal: FirstEnergy to pay $230 million penalty in deal with feds
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HB 6 scandal: FirstEnergy to pay $230 million penalty in deal with feds

HB 6 scandal: FirstEnergy to pay $230 million penalty in deal with feds
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