Ohio HB 6
FirstEnergy fired CEO Charles Jones and two others over an alleged bribery scandal in Ohio after two men pleaded guilty in the scheme.
AEP reported third-quarter earnings of $749 million ($1.51/share), compared with earnings a year ago of $734 million ($1.49/share).
AEP CEO Nick Akins said that his company is innocent of wrongdoing in the alleged bribery scheme that resulted in the passage of Ohio H.B. 6, echoing a similar protestation by FirstEnergy CEO Charles Jones.
Ohio Gov. Mike DeWine said the state should repeal House Bill 6 in light of the federal bribery charges against House Speaker Larry Householder.
FirstEnergy spent $61 million in bribes and “dark money” to elect Ohio House Speaker Larry Householder and his allies, federal officials charged.
The Ohio Supreme Court rejected FirstEnergy Solutions’ attempt to block a referendum to repeal $150 million in subsidies for its two nuclear plants.
The Public Utilities Commission of Ohio denied AEP’s request to recover costs from ratepayers for proposed wind and solar projects totaling 900 MW.
A federal judge ruled only the Ohio Supreme Court can determine whether state law thwarted a advocacy group’s ballot petition against nuclear subsidies.
Advocates contesting Ohio nuclear plant subsidies missed the deadline for gathering signatures to get their referendum to overturn HB 6 on the 2020 ballot.
Ohioans Against Corporate Bailouts took its ballot referendum battle to federal court, accusing supporters of the state’s nuclear subsidies of bribery.
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