Published On: Thu, Jul 22nd, 2021

FirstEnergy to Pay $230 Million in Settlement in Ohio Bribery Case

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CINCINNATI—The energy giant at the center of a $60 million bribery scheme in Ohio admitted to riveting new details of its role in the conspiracy Thursday as part of a settlement agreement with federal prosecutors, including how it used secret dark money groups to fund the effort and paid a soon-to-be top utility regulator to write the legislation it got in exchange. Akron-based FirstEnergy Corp. is charged with conspiracy to commit honest services wire fraud through bribery or kickbacks under the deal, Acting U.S. Attorney Vipal J. Patel said at a press conference Thursday. He called the settlement, which requires the company to pay $230 million penalty and continue to fully cooperate with investigators, the largest secured by his office that anyone can recall. “If FirstEnergy complies with everything on its end, the charges will be dismissed,” Patel said, adding that if they don’t, the criminal case will resume. Under …

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