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Which regulatory body will take next significant enforcement action against FirstEnergy by end of 2024?
2
Resolution / Starting Odds
Ohio Attorney General • 25%
Federal Energy Regulatory Commission (FERC) • 25%
Securities and Exchange Commission (SEC) • 25%
Other • 25%
Official announcements from regulatory bodies or reputable news sources
Story
FirstEnergy Settles Bribery Case with $20 Million Payment
Aug 13, 2024, 02:36 PM
FirstEnergy has agreed to pay $20 million to settle a state pay-to-play investigation, avoiding criminal charges. The settlement is with the Ohio attorney general and a county prosecutor. This investigation is related to a massive bribery scheme where FirstEnergy admitted to paying officials to secure favorable legislation and regulatory treatment. Despite the fine, the bailout bill that benefited FirstEnergy remains in effect, allowing the company to continue reaping its benefits.
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