FirstEnergy Fires CEO
Akron-based FirstEnergy fired CEO Chuck Jones Thursday, hours after two defendants entered into a plea deal in the federal racketeering case involving the state's nuclear power plant bailout law.
Ohio Public Radio's Andy Chow reports.
A statement from FirstEnergy says an internal investigation found that now-fired CEO Chuck Jones violated certain company policies and its code of conduct.
Federal prosecutors allege a utility widely believed to be FirstEnergy funneled millions of dollars into a dark money which was used to get a nuclear power plant bailout passed by lawmakers.
Two defendants have now admitted to playing a role in the $61 million scheme, saying the money was also used to help get Republican Larry Householder elected as speaker.
Two other vice presidents of the company, Michael Dowling and Dennis Chack, were also fired.