FirstEnergy raises more questions about $4M consulting payment to Ohio regulator

DAYTON –– "Facing investigations on multiple fronts, Akron-based FirstEnergy Corp. told financial analysts Thursday that it is taking steps to rehabilitate its reputation and emerge as a stronger, more transparent company.

In filings made Thursday with the Securities and Exchange Commission, FirstEnergy said its internal investigation found transactions — some dating back a decade — that lacked documentation or were improperly accounted for.

Among the flagged transactions is a $4 million payment made in early 2019 to end a consulting agreement with someone who subsequently was appointed as an Ohio utility regulator. The payment was disclosed to the SEC in November."

–– Laura A. Bischoff, Dayton Daily News

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  • Tatiana Rodzos
    published this page in News 2021-03-02 20:09:30 -0500