FirstEnergy to Pay $20 Million to Resolve Ohio Bribery Cases (1)

FirstEnergy Corp. said Tuesday that it’ll pay $20 million to settle all proceedings with the Ohio attorney general and a county prosecutor over the millions of dollars the company admitted to paying officials in exchange for legislation and favorable regulatory treatment.

The settlement agreement, dated Monday and disclosed in a Securities and Exchange Commission filing, is with the office of Ohio Attorney General Dave Yost (R) and the prosecutor in Summit County, where the company is based. In addition to paying the state $19.5 million, FirstEnergy will also pay $500,000 for a consultant to review the ethics-related changes it ...