FirstEnergy to Pay $230 Million in Settlement in Ohio Bribery Case

FirstEnergy to Pay $230 Million in Settlement in Ohio Bribery Case
Former Public Utilities Commissioner of Ohio, Sam Randazzo, in a file photo. Ohio Governor's office via AP
|Updated:

CINCINNATI—The energy giant at the center of a $60 million bribery scheme in Ohio admitted to riveting new details of its role in the conspiracy Thursday as part of a settlement agreement with federal prosecutors, including how it used secret dark money groups to fund the effort and paid a soon-to-be top utility regulator to write the legislation it got in exchange.

Akron-based FirstEnergy Corp. is charged with conspiracy to commit honest services wire fraud through bribery or kickbacks under the deal, Acting U.S. Attorney Vipal J. Patel said at a press conference Thursday.