FirstEnergy (FE) Ordered to Pay Over $250 million in Penalties

Group 1 - FirstEnergy Corp. is recognized as one of the 14 Best Utility Dividend Stocks to Buy Now [1] - The company operates one of America's largest investor-owned electric systems, with 10 electric distribution companies serving customers across multiple states including Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York [2] - On November 20, FirstEnergy was ordered by the Ohio Public Commission to pay over $250 million in penalties and refunds due to misconduct related to a bribery scandal [3] Group 2 - FirstEnergy admitted to paying bribes to state officials to influence legislation in its favor and previously agreed to pay $230 million to avoid prosecution [3] - The company plans to invest $7.3 billion in its Ohio transmission and distribution infrastructure, people, processes, and facilities between 2025 and 2029 [4]