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FirstEnergy deposition looms in shareholder lawsuit for bribery, misleading investors

BY: - April 25, 2022

It has been nine months since FirstEnergy Corp. admitted to federal prosecutors that it bribed Ohio’s top utility regulator and the speaker of the Ohio House. Investors in the electric utility may soon get the chance to ask a few follow-up questions about how the $64 million operation came together. Besides the criminal allegations against […]

Judge gives lawyers 24 hours to identify FirstEnergy execs who ordered political bribes

BY: - March 22, 2022

Further scuttling a proposed settlement for FirstEnergy’s shareholders, a federal judge demanded their lawyers, within 24 hours, answer his question about which company officials ordered what has been described as the largest political bribery scheme in Ohio history. Both FirstEnergy and its shareholders were on the cusp of a settling the shareholders’ derivative lawsuit, announcing […]

Both FirstEnergy and its shareholders seek secrecy around company’s bribes

BY: - March 18, 2022

Both FirstEnergy Corp. and its shareholders argued to a federal judge that they shouldn’t be forced to publicly disclose which executives ordered the payment of political bribes that the company admitted to in a related criminal case. The two parties are awaiting judicial approval of a proposed settlement from a derivative lawsuit filed by FirstEnergy’s shareholders. […]

Mysterious nonprofit with AEP ties has $3 million to unload, tax records show

BY: - March 17, 2022

Under shadow of a public corruption probe centered on the utility industry and its use of untraceable political spending, a nonprofit with close ties to American Electric Power disclosed harboring $3 million in the bank that it could unload as statewide elections loom. Open Road Path — a nonprofit run by a lawyer and lobbyist […]

Who paid the bribes? Judge demands answers in FirstEnergy shareholders’ suit

BY: - March 14, 2022

About seven months ago, FirstEnergy, as a company, admitted to federal law enforcement to paying out two, multimillion dollar sets of bribes: one to the former speaker of the Ohio House and one to the state’s top utility regulator. U.S. District Judge John A. Adams — in a hearing Wednesday and a related order Friday […]

Ohio House won’t release texts between House Rep and indicted ex-Speaker

BY: - March 2, 2022

Lawyers with the Ohio House of Representatives denied a public records requests for text messages between a sitting lawmaker and the former House Speaker, who was expelled by his peers while under a racketeering indictment related to alleged public corruption. State Rep. Jay Edwards, R-Nelsonville, and Larry Householder regularly exchange text messages and talk on […]

Ohio judge helped write a bailout that led to arrests; now he’s blocking outside probes

BY: - February 28, 2022

A judge who oversees utility cases was involved in writing a coal and nuclear bailout now at the center of what prosecutors have described as the largest public corruption case in Ohio history, subpoenaed documents show. That same judge, Greg Price, is presiding over multiple regulatory cases in which a government watchdog agency is trying […]

Householder asks judge to dismiss public corruption case against him

BY: - February 2, 2022

Former Speaker of the Ohio House Larry Householder asked a federal judge to toss out a case against him that prosecutors have called the largest probe of public corruption in state history. In a motion filed late Tuesday evening, lawyers for Householder argued that there was no “quid pro quo,” or explicit favor-for-a-favor agreement, between […]

Feds expect Householder trial to take six weeks; could occur this fall

BY: - January 27, 2022

Federal prosecutors indicated Wednesday they expect the public corruption trial of former House Speaker Larry Householder will take about six weeks and could occur sometime this coming fall. Attorneys representing Householder and an alleged co-conspirator generally agreed a trial would take six weeks to leave time for jury selection and the parties to make their […]

State regulators made ‘utility-friendly’ edits to audit of coal plant bailout, emails show

BY: - October 4, 2021

Documents show state utility regulators sought edits to draft versions of an audit they commissioned, prompting the removal of declarations that a ratepayer-funded bailout of two uneconomic coal plants was a bad deal for Ohio electric customers. Staff at the Public Utilities Commission of Ohio, which sets customers’ water and electric rates, asked an auditor […]

FirstEnergy said it bribed a regulator for $4.3 million. Here’s how it worked.

BY: - July 29, 2021

FirstEnergy admitted in court documents last week it paid the state’s top utility regulator $4.3 million to use his perch to save the company hundreds of millions via friendly administrative rulings. The company’s allegation against Sam Randazzo, former chairman of the Public Utilities Commission of Ohio, came in a deferred prosecution agreement with the U.S. […]

FirstEnergy paid $4.3 mil to top energy regulator and reaped the benefits, court docs state

BY: - July 23, 2021

An energy lobbyist who Gov. Mike DeWine appointed as the state’s top regulator of public utilities received $22 million from FirstEnergy Corp. in the decade before his appointment — including $4.3 million paid just before assuming the post and specifically to execute official duties to benefit the Akron-based utility — court documents revealed Thursday. Sam […]