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.

Campaign contributions pay off for Ohio utilities and coal interests

Nuclear and coal bailout is the latest in a line of favorable policy actions that shield noncompetitive plants from competition. Utility, nuclear and coal interests are big players in Ohio politics, giving about $3 million to Ohio political campaigns in 2018, according to data from the National Institute on Money in Politics. The industry interests have long been active politically. But just as competitive markets began coming into their own around 2010, the pattern of campaign contributions also shifted. Donations to Ohio campaigns from the utility, nuclear and coal industries in 2010 were more than double the amount for 2008.