FirstEnergy bribery scandal
Matt Weldon
Newly minted American Electric Power CEO Bill Fehrman is promising to “embrace large load opportunities,” leverage its expertise in 765-kV transmission and deliver more positive regulatory outcomes.
FirstEnergy
FirstEnergy reached an agreement with the Office of Ohio Attorney General and the Office of the Summit County Prosecutor to resolve all outstanding proceedings on the firm’s bribery scandal.
WKRC
Former PUCO Chair Sam Randazzo, who faced multiple criminal counts for taking millions in bribes from FirstEnergy, died by suicide, according to multiple news reports.
© RTO Insider LLC
Bribery scandals and concerns over reliability and the pace of decarbonization have caused increasing scrutiny of utilities’ political activities.
WKRC
Former PUCO Chair Sam Randazzo pleaded not guilty to charges that FirstEnergy paid him $4 million in bribes before his appointment to aid the utility.
Ohio General Assembly
Former Ohio House Speaker Larry Householder (R) was sentenced to 20 years in prison Thursday for taking bribes from FirstEnergy to pass legislation subsidizing the company’s nuclear plants.
FunksBrother, CC BY-SA 4.0, via Wikimedia Commons
Built by power companies for the DOD during the Cold War, Ohio Valley Electric Corp. is now part of a war fought by enviros against regulators, utilities.
FirstEnergy
FirstEnergy’s board of directors appointed Brian Tierney, currently a senior executive at the investment company Blackstone, as the company's new CEO.
Ohio General Assembly
The former Ohio House Speaker was found guilty of racketeering conspiracy over donations FirstEnergy paid a dark money group controlled by him to win favors.
Ohio General Assembly
FirstEnergy agreed to another federal fine, this time for lying to FERC auditors about its role in the Ohio bribery scheme to bail out nuclear plants.
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