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Some FirstEnergy Execs Paid A Firm Tied To PUCO Chair Randazzo

Akron-based FirstEnergy reported Thursday that some former executives improperly paid a firm tied to a future Ohio utility regulator 4 million dollars early last year to terminate “a purported consulting agreement” in place since 2013. Ohio's largest electric utility did not name Public Utilities Commission of Ohio Chair Sam Randazzo in its quarterly filing with the U.S. Securities and Exchange Commission, but he fits the filing's description. The payment was discovered during an internal FirstEnergy review related to a 60 million dollar federal bribery probe. FBI agents searched Randazzo's German Village home on Monday.

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