The Public Utilities Commission of Ohio has ordered Akron-based FirstEnergy, tied to an alleged 60 million bribery scheme, to show whether it spent customer money on passage of the now tainted nuclear power plant bailout law.
The Ohio House committee holding hearings on a potential repeal of the state's nuclear power plant bailout law heard testimony from the leader of the Public Utilities Commission of Ohio, who was accused of having a conflict of interest in the case.
Ohio's consumer watchdog wants a regulatory agency to investigate whether the state's largest electric utility used customer money to fund an alleged $60 million bribery scheme involving one of Ohio's most powerful politicians.
The Public Utilities Commission of Ohio has rejected legal arguments by the state's four electric utilities seeking to avoid returning proceeds from the federal tax cut to customers through rate reductions.
The Public Utilities Commission of Ohio has rejected appeals of an earlier decision allowing Akron-based FirstEnergy to raise customer rates for three years to improve its electricity distribution grid.
The Federal Energy Regulatory Commission says the controversial power purchase agreements allowing two Ohio utilities to impose short-term rate increases cannot take effect until the agency approves them.
State regulators have approved a pair of deals that allow FirstEnergy and AEP to impose multi-billion dollar rate increases on electricity customers to subsidize some older coal-fired and nuclear power plants.