FirstEnergy Agrees To $100 Million Bribery Case Settlement With SEC

Key Takeaways FirstEnergy said it has agreed to a $100 million settlement with the SEC to resolve charges from a bribery scandal. The Akron, Ohio-based utility was accused of paying some$60 million in bribes to state politicians for favorable legislation for FirstEnergy's nuclear plants. Several politicians, former FirstEnergy executives, regulators, and lobbyists have been charged or sentenced to prison for their roles in the largest bribery scheme in Ohio history. Ohio-based electricity provider FirstEne ...