Critics fear investors’ push for profits could thwart other FirstEnergy priorities

FirstEnergy news raises questions about grid resiliency and clean energy approaches to cope with climate change. A notorious investor’s plan to acquire a significant stake in FirstEnergy voting shares has critics worried that pressure to turn quick profits could undercut the company’s duties to ratepayers and need to invest in a cleaner and more resilient grid. In its Feb. 18 earnings call, FirstEnergy revealed it had received notice of Icahn Capital’s intent to acquire between $184 million and $920 million in voting securities. The fund would have a minority voting interest, but it might be enough to sway changes in its board of directors, company management and more.

Ohio clean energy foe at the forefront of key points in bailout law and ratification efforts

House Majority Floor Leader Bill Seitz called the law at the heart of an alleged corruption case “the best energy bill we ever passed.”

This article provided by Eye on Ohio, the nonprofit, nonpartisan Ohio Center for Journalism in partnership with the nonprofit Energy News Network. Please join our free mailing list or the mailing list for the Energy New Network as this helps us provide more public service reporting. Documents made available last week show how House Majority Floor Leader Bill Seitz, R-Cincinnati, championed gutting Ohio’s clean energy standards in the state’s 2019 coal and nuclear bailout law. He has since served as a force against repeal. Claims in a federal complaint released in July indicate that the law was at the heart of an alleged corruption scheme involving roughly $60 million.

FirstEnergy faces another audit as advocates and others press for broader investigations

The order comes as newly released documents point to a larger role on legislative matters for the former utilities commission chair. This article provided by Eye on Ohio, the nonprofit, nonpartisan Ohio Center for Journalism in partnership with the nonprofit Energy News Network. Please join our free mailing list or the mailing list for the Energy New Network as this helps us provide more public service reporting. An upcoming audit could reveal whether FirstEnergy improperly used ratepayer money to funnel millions of dollars to an alleged unlawful conspiracy to pass and defend the state’s coal and nuclear bailout law. The Dec.

Top regulator’s exit raises questions about utility and fossil fuel influence

Critics question whether the former Ohio utility commission chair should have recused himself more often to avoid any appearance of bias. This article provided by Eye on Ohio, the nonprofit, nonpartisan Ohio Center for Journalism in partnership with the nonprofit Energy News Network. Please join our free mailing list or the mailing list for the Energy New Network as this helps us provide more public service reporting. Concerns about the outsized influence of utility and fossil fuel interests have resurfaced as the Public Utilities Commission of Ohio begins steps to name a new commissioner after the sudden exit of Chair Sam Randazzo.  

Randazzo resigned on Nov. 20 after an FBI team had searched his home and FirstEnergy released a mandatory quarterly report to the Securities and Exchange Commission.

FirstEnergy fights against disclosing more details about alleged HB 6 bribery cases

Case filings and delay of possible nuclear bailout combine to block Ohioans from learning more before voting. This article provided by Eye on Ohio, the nonprofit, nonpartisan Ohio Center for Journalism in partnership with the nonprofit Energy News Network. Please join our free mailing list or the mailing list for the Energy New Network as this helps us provide more public service reporting. var divElement = document.getElementById('viz1604006918434'); var vizElement = divElement.getElementsByTagName('object')[0]; if ( divElement.offsetWidth > 800 ) { vizElement.style.width='100%';vizElement.style.height='1007px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='100%';vizElement.style.height='971px';} else { vizElement.style.width='100%';vizElement.style.height='427px';} var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement);

Consumer advocates, industry organizations and environmental groups continue efforts to learn more about claims that FirstEnergy and current or former subsidiaries may have financed an alleged $60-million conspiracy to make sure Ohio’s nuclear bailout bill became law and withstood a referendum attempt. Yet opposition by FirstEnergy in two regulatory cases and in state court has combined with the legislative recess to prevent those groups and voters from learning more before Election Day.

Latest challenge raises question of reopening FirstEnergy Solutions’ bankruptcy ruling

Questions about the transparency of FirstEnergy, Energy Harbor and others are central to proceedings in multiple cases. This article is provided by Eye on Ohio, the nonprofit, nonpartisan Ohio Center for Journalism in partnership with the nonprofit Energy News Network. Please join our free mailing list or the mailing list for the Energy New Network as this helps us provide more public service reporting. Environmental groups have filed a motion asking a federal appeals court to tell FirstEnergy Solutions’ bankruptcy court judge to take action in light of the alleged corruption cases in federal and state court. The Environmental Law & Policy Center, Environmental Defense Fund, Ohio Citizen Action, and the Ohio Environmental Council want the judge to consider suspending execution of the reorganization plan that was confirmed earlier this year.

Ohio regulators decline to force FirstEnergy to hire an independent auditor

The order agrees that spending should be open to review but first requires the company to review itself. This article provided by Eye on Ohio, the nonprofit, nonpartisan Ohio Center for Journalism in partnership with the nonprofit Energy News Network. Please join our free mailing list or the mailing list for the Energy New Network as this helps us provide more public service reporting. Regulators are requiring FirstEnergy to show that its Ohio utility ratepayers didn’t foot the bill, “directly or indirectly,” for political or charitable spending in support of the state’s nuclear and coal bailout bill. Yet that order is much more lenient than the state’s official consumer advocate had sought.

Murray Energy’s limited disclosure in Ohio conspiracy case leaves big questions unanswered

The for-profit corporate structure of Hardworking Ohioans, Inc. and other groups precludes transparency on how companies use money to influence energy policy

This article provided by Eye on Ohio, the nonprofit, nonpartisan Ohio Center for Journalism, in partnership with the nonprofit Energy News Network. Help us provide more public service reporting by joining our free mailing list or the mailing list for the Energy News Network. While an Ohio-based coal company has contributed $100,000 to an organization that may have been involved in an alleged bribery operation to pass a power plant bailout law last year, company officials said in a bankruptcy filing that they don’t know how the money was spent. A bankruptcy court ruled last week that Murray Energy can move ahead to seek approval of its reorganization plan, subject to a representation that its officers and directors have no knowledge about how money it gave to a dark money organization might have been used to promote the Ohio coal and nuclear bailout law at the heart of a federal conspiracy case. 

The ruling is a partial victory for environmental and citizen groups, who had objected to a more limited disclosure statement proposed by Murray Energy and its related debtors on Aug. 6.