Ohio regulators launch probe into FirstEnergy's political and charitable contributions

COLUMBUS - "...The outlook for the bailout to survive remains sketchy as lawmakers, already nervous over public reaction to the revelations made by federal prosecutors, have learned that a proposal by regional grid operator PJM would, in effect, nullify the impact of any state subsidies to a power plant by taking them into account when setting the minimum price acceptable from them in future capacity market auctions.

Veteran utility lawyer, Samuel Randazzo, now the chairman of the PUCO, deflected questions during a legislative hearing this week from Democratic lawmakers wanting to know why the PUCO had to be prodded by the state's consumer advocate to launch its own investigation.

They also demanded to know whether as a lawyer and lobbyist Randazzo or his previous management companies had a business relationship with FirstEnergy. Randazzo provided lawmakers with a broad but detailed overview of the state's utility laws but deflected questions about his former clients during his nearly 50-year law practice in the state.

The PUCO's decision to open a review of FirstEnergy's spending on political campaigns also left the Consumers' Counsel unhappy and critical."

-- John Funk, Utility Dive

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  • Ohio Citizen Action
    published this page in News 2020-09-21 10:14:29 -0400
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