In a stunning turn of events, two former top executives of FirstEnergy Corp. along with a former chair of Ohio’s utility regulator have found themselves in the crosshairs of the law, indicted for their alleged involvement in a purported bribery scheme surrounding a hefty $1.3 billion bailout for two nuclear energy plants.
Attorney General Dave Yost dropped this bombshell on Monday, sending shockwaves through the corridors of power.
Ex-FirstEnergy Execs charged in nuclear bailout scandal : Allegations Unveiled
Ex-CEO Chuck Jones and former Senior Vice President Michael Dowling stand accused of colluding with former Ohio Public Utilities Commission chair Sam Randazzo to grease palms and orchestrate the passage of House Bill 6, the legislation underpinning the contentious bailout.
A special grand jury in Summit County has leveled a staggering 27 felony charges against the trio, painting a picture of corruption at the highest levels.
A Web of Deception
Details emerging from the indictment portray a web of deceit and malfeasance.