Hey Mik and LD
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You hear about this?
https://opc.maryland.gov/Portals/0/Hot Topics/FAQs on lethed w links 042522.pdf
Who is FirstEnergy and what is its connection to Maryland?
Akron, Ohio-based FirstEnergy is the owner of Potomac Edison, the electric utility serving Western Maryland. FirstEnergy owns nine other utilities that operate in Ohio, Pennsylvania, West Virginia, and New Jersey. It also owns companies that sell services to its utilities, such as FirstEnergy Services Company (FESC). Potomac Edison customers pay for services FESC provides to Potomac Edison in their electric rates.What is the FirstEnergy scandal?
FirstEnergy has admitted to a $60 million bribery scheme to pay the Ohio Speaker of the House and the chair of the Ohio Public Utilities Commission to win support for measures, including legislation (House Bill 6), that helped its nuclear plants. The scandal resulted in federal criminal charges, civil and regulatory proceedings in multiple states, shareholder actions, and the termination of FirstEnergy’s chief executive officer and other executives. In July 2021, FirstEnergy agreed to pay a $230 million criminal fine under a “deferred prosecution agreement” with federal authorities. The scandal has been widely written about in Ohio and the energy press. Here and here are recent articles discussing Potomac Edison and the Maryland investigation.
