Ohio House Bill 6
American Electric Power says it's been issued two SEC subpoenas in an investigation into the company’s involvement in controversial Ohio legislation.
FunksBrother, CC BY-SA 4.0, via Wikimedia Commons
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.
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.
A federal judge in Ohio approved of legal fees of more than $65 million and expenses totaling $2.7 million in the FirstEnergy Solutions bankruptcy case.
Affidavits filed in U.S. bankruptcy court reveal Akin Gump helped FirstEnergy win passage of Ohio HB 6, but they denied knowledge of any illegal activity.
FirstEnergy has agreed to pay a fine for its role in the H.B. 6 scandal, which federal prosecutors described as the largest bribery scandal in Ohio history.
FirstEnergy updated investors on the ongoing investigation into House Bill 6 and disclosed investor Carl Icahn is looking to acquire a stake in the company.
Public Utilities Commission of Ohio Chair Sam Randazzo resigned, less than a week after the FBI raided his home in Columbus.
FirstEnergy fired CEO Charles Jones and two others over an alleged bribery scandal in Ohio after two men pleaded guilty in the scheme.
AEP reported third-quarter earnings of $749 million ($1.51/share), compared with earnings a year ago of $734 million ($1.49/share).
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