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.

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.

FirstEnergy’s evasive legal responses don’t say what happened after funds from ratepayers went into a shared pool

Statements could support broad scope for PUCO-ordered audit

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. FirstEnergy’s legal papers in a regulatory case state it can’t categorically deny that money from Ohio ratepayers was spent for activities related to the state’s nuclear and coal bailout law. The limited comments could support a broad scope for an independent audit ordered by the Public Utilities Commission of Ohio earlier this month. The PUCO may come under increased scrutiny in the wake of FBI agents’ Nov.

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.

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.

HB 6 repeal would address only part of Ohio lawmakers’ recent actions to slow renewables

But a complete repeal is needed as a minimum to undo the bill’s gutting of the clean energy standards, advocates say. 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 Energy News as this helps us provide more public service reporting. Both Republican and Democratic Ohio lawmakers are pushing to repeal the state’s nuclear bailout bill after this week’s release of a federal criminal complaint against House Speaker Larry Householder and others. Clean energy advocates say that would be a start, but more is needed to address eight years of lawmakers’ actions to slow the growth of renewables in the state.