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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.