FirstEnergy agrees not to seek subsidy in agreement with Yost
FirstEnergy will file a request with the Public Utilities Commission of Ohio on Monday to say it will forgo collection of what is known as the conservation support.
Credit: WBNS-TV Author: 10TV Web Staff, Associated Press Published: 8:00 AM EST February 1, 2021 Updated: 1:32 PM EST February 1, 2021
COLUMBUS, Ohio Ohio Attorney General Dave Yost announced Monday that his office had reached an agreement with FirstEnergy Corp. to stop the collection of a guaranteed profit subsidy included in a tainted energy bill that would have allowed the Akron-based company to collect $102 million from customers this year.
Published: Friday, January 29, 2021
Environmental advocacy groups asked the Public Utilities Commission of Ohio on Wednesday to expand its investigation of Ohio s largest electric utility to include whether the commission s former chairman was unduly influenced by the company, Akron-based FirstEnergy Corp.
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Randazzo became chairman of the utilities commission and the Ohio Power Siting Board, which regulates energy projects, in April 2019.
FirstEnergy is the subject of multiple investigations after federal authorities alleged last July that the company funded a $60 million bribery scheme to get the legislation, known as HB6, approved and to prevent a referendum issue on the bailout from reaching the Ohio ballot.
The former Ohio House speaker and four others were subsequently indicted on a federal racketeering conspiracy charge.
Wednesday’s filing noted the firing of FirstEnergy CEO Chuck Jones and other top company executives last fall and other events that “further support” the utilities commission’s “duty to provide a robust investigation into the First Energy Utilities’ involvement in the passage of HB6.”