FirstEnergy paid $4M to end a contract with an Ohio regulator, company says

COLUMBUS, Ohio - "Top executives at Akron-based FirstEnergy Corp. paid $4 million in early 2019 to end a consulting contract with someone who was subsequently appointed to be a full-time state regulator overseeing electricity distribution rates, according to a company filing with the Securities and Exchange Commission on Thursday.

The filing does not name who FirstEnergy Corp. paid.

The Public Utilities Commission of Ohio regulates utility companies, including FirstEnergy. Gov. Mike DeWine appointed attorney Sam Randazzo as PUCO chairman in February 2019 and the Ohio Senate confirmed that appointment in April 2019."

--Laura Bischoff, Dayton Daily News

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  • Anastazia Vanisko
    published this page in News 2020-11-20 17:27:36 -0500
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