2004: FirstEnergy publicly disclosed a $500K payment to IEU-Ohio, an org affiliated with future PUCO chairman Samuel Randazzo, in an annual report filed with the SEC, as was required at the time under the PUHCA energyandpolicy.org/firstenergy-se…
Congress repealed parts of PUHCA after 2004, and transparency faded. The money trail between FirstEnergy and Randazzo went dark for years, as Randazzo served on the PUCO Nominating Council and then as PUCO chairman energyandpolicy.org/firstenergy-se…
2022: It takes a bribery investigation and 3-year FERC audit to reveal $22.8 million in FirstEnergy payments to IEU-Ohio and another Randazzo entity documentcloud.org/documents/2119…
FERC is now considering making changes to its accounting and reporting requirements for political spending by utilities. More transparency and accountability is desperately needed, as the case of FirstEnergy makes abundantly clear.
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