Nov 19 (Reuters) - The Public Utilities Commission of
Ohio on Wednesday ordered FirstEnergy's ( FE ) Ohio utilities to
pay $250.7 million in penalties and refunds after an
investigation linked to a bribery scandal found the energy
distributor broke state laws and rules.
Ohio-based FirstEnergy ( FE ) previously admitted paying millions
of dollars to state officials to pursue legislation on nuclear
subsidies and other policies that would benefit it. In 2021, the
company agreed to pay $230 million to settle U.S. government
charges in the case.
In two separate orders, the Commission found FirstEnergy's ( FE )
Ohio utilities - Cleveland Electric Illuminating Company, Ohio
Edison and Toledo Edison - violated Ohio law, PUCO regulations
and PUCO orders.
The Commission found the utilities failed to follow a 2016
Commission order that allowed them to collect funds solely for
grid modernization. Instead, the utilities misused money
collected from customers between 2017 and 2019 to subsidize an
unregulated generation affiliate, in violation of Ohio law.
"Our hope is the events underlying these proceedings will
remain a cautionary lesson of accountability and honesty in
utility regulatory matters," PUCO Chair Jenifer French said.
FirstEnergy ( FE ) did not immediately respond to a request for
comment.