June 17, 2024

FirstEnergy bribery scandal

Scandal-ridden Former PUCO Chair Sam Randazzo Found Dead
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
Utilities Facing Increased Scrutiny over Political Activities

Bribery scandals and concerns over reliability and the pace of decarbonization have caused increasing scrutiny of utilities’ political activities.

Former Ohio PUC Chair Charged with Bribery
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 Householder Sentenced to 20 Years in Prison

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
Ohio PUC Opens 2021 Audit of OVEC Charges for Public Comment
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 Hires Tierney as New Chief Executive
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
Householder Convicted in FirstEnergy Bribery Case
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
FERC Fines FirstEnergy over Ohio Bribe Payments
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.
DangApricot, CC BY-SA-3.0, via Wikimedia
FirstEnergy’s Top Executives Face Job Reviews
The FirstEnergy board of directors told the SEC that it had formed a “special review committee” to assess the performance of current top executives.
DangApricot, CC BY-SA-3.0, via Wikimedia
FirstEnergy Q1 Earnings down Compared to Year Ago
FirstEnergy reported first-quarter adjusted earnings of $288 million ($0.51/share) on revenue of $3 billion, down 18% from the first quarter of 2021.

Want more? Advanced Search