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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 […]

Former DeWine aide warned governor about utility regulator before the FBI raided his home

BY: - April 4, 2022

More than two years before FirstEnergy Corp. admitted to paying Ohio’s top utility regulator a $4.3 million bribe, Mike DeWine’s former campaign treasurer warned senior aides to the new governor about the eventual nominee’s “opaque and undisclosed” financial ties to the company. The warning came in a 198-page dossier alleging Sam Randazzo — a lawyer […]

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. […]

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 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 […]

Finalists selected for Ohio utility regulator perch, all with deep energy and utility ties

BY: - February 10, 2022

A nominating council sent a list of four candidates to Gov. Mike DeWine to appoint as a member of the board that regulates Ohio’s public utilities. All four have deep ties to the natural gas and or utility industries, according to a review of their cover letters, resumes, and court records. The nominee would fill […]

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. […]

DeWine says he didn’t know about alleged $4.3m bribe of utility regulator he appointed

BY: - July 27, 2021

Gov. Mike DeWine distanced himself Monday from a utility regulator he appointed who was accused last week of accepting millions in bribes from FirstEnergy Corp. FirstEnergy said in a court filing last week that it paid Sam Randazzo $22 million in consulting fees in the decade leading up to his appointment as chairman of the […]

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 […]