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FirstEnergy’s Reaches $100M With SEC To Settle HB6 Bribery Investigation
“We are pleased to have reached a resolution with the SEC as we continue to turn a new chapter,” said Brian X. Tierney, President and Chief Executive Officer of FirstEnergy. “Our focus today is investing in our regulated electric companies to improve the customer experience and support the energy transition.”
“Respondent FirstEnergy shall, within 14 days of the entry of this Order, pay a civil money penalty in the amount of $100,000,000 to the Securities and Exchange Commission.”
As previously reported, FirstEnergy paid the U.S. $230 million to settle criminal charges for H.B.6 political corruption scandal.
First Energy’s Press Release
Settlement Order (09/12/2024)
Order Instituting Cease-And-Desist Proceedings Pursuant To Section 8a Of The Securities Act Of 1933 And Section 21c Of The Securities Exchange Act Of 1934, Making Findings, And Imposing A Cease-And-Desist Order
