Personnel File - No. 354 - Banker & Tradesman bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.
For six weeks early this year, federal prosecutors put on a mountain of evidence in a Cincinnati courtroom about how FirstEnergy spent more than $60 million helping Larry Householder bribe and bully through a $1.3 billion utility bailout that benefitted that company far more than any other utility. Now it’s asking for almost the same amount without going through the most rigorous regulatory scrutiny.
The electric utility is seeking the increase as part of its “electric security plan” — a package of investments aimed at improving reliability and efficiency.