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FirstEnergy's three-year obligations relating to bribery charges to end in 30 days
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FirstEnergy's three-year obligations relating to bribery charges to end in 30 days
Jul 22, 2024 9:23 AM

July 22 (Reuters) - FirstEnergy's ( FE ) special

reporting obligations tied to 2021 federal charges against the

power company will end within 30 days, according to a status

report filed by the U.S. Attorney's Office (USAO) on Monday.

In 2021, under a three-year deferred prosecution agreement

(DPA) the company had agreed to pay $230 million as a penalty to

resolve the criminal investigation launched by the USAO.

The investigation alleged that the company conspired to pay

millions of dollars to elected state officials to pursue

legislation that would benefit the company.

U.S. prosecutors had agreed to defer prosecution provided

FirstEnergy ( FE ) continues to cooperate with the investigation.

The status report filed by the USAO for the Southern

District of Ohio said the utility firm has completed certain

required DPA obligations in the three-year term.

FirstEnergy ( FE ) has "undertaken remedial measures and

implemented a compliance and ethics program designed to detect

and deter violations of U.S. law as required by the DPA," the

report said.

The company will continue to be bound by the remaining

provisions in the DPA and on a quarterly basis will have to

publish a list of all payments made to "either entities or

entities known by FirstEnergy ( FE ) to be operating for the benefit of

a public official", the status report said.

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