FirstEnergy has received a subpoena from the Ohio Organized Crime Investigations Commission related to the company’s bribery scandal, Brian Tierney, the company’s new president and CEO said Wednesday during an earnings conference call.
The commission’s investigation appears to cover issues fleshed out in a deferred prosecution agreement, or DPA, entered into in July 2021 between FirstEnergy and the U.S. Attorney’s Office for the Southern district of Ohio, according to Tierney.
Under the agreement, FirstEnergy paid a $230 million penalty for bribing Ohio lawmakers to ensure the passage of a ratepayer-funded bailout for nuclear and coal-fired power plants.
