FirstEnergy settles SEC probe for $100M penalty over Ohio bribery scheme

FIRSTENERGY CORP

FirstEnergy pays $100M civil penalty to resolve SEC investigation; penalty fully reserved in Q2 2024.
SEC finds FirstEnergy made ~$60M in undisclosed payments to 501(c)(4) controlled by Ohio House Speaker Householder.
Payments were in exchange for official action to pass House Bill 6 and defeat referendum; CEO made false statements on July 2020 earnings call.
Settlement includes cease-and-desist order; FirstEnergy previously paid $230M criminal penalty in 2021.
Resolution concludes SEC probe; company states focus on regulated operations and energy transition.

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