AKRON, Ohio, July 22, 2021 /PRNewswire/ -- In accordance
with its obligations under the previously announced deferred
prosecution agreement with the U.S. Attorney's Office for the
Southern District of Ohio to
resolve the Department of Justice investigation, FirstEnergy Corp.
(NYSE: FE) issued the following statement:
"Central to FirstEnergy Corp.'s effort to influence the
legislative process in Ohio was
the use of 501(c)(4) corporate entities. FirstEnergy Corp. used the
501(c)(4) corporate form as a mechanism to conceal payments for the
benefit of public officials and in return for official action.
FirstEnergy Corp. used 501(c)(4) entities in this way because the
law does not require disclosure of donors to a 501(c)(4) and there
is no ceiling that limits the amount of expenditures that can be
paid to a 501(c)(4) entity for the purpose of influencing the
legislative process. This effort would not have been possible, both
in the nature and volume of money provided, without the use of a
501(c)(4) entity."
FirstEnergy is dedicated to integrity, safety, reliability and
operational excellence. Its ten electric distribution companies
form one of the nation's largest investor-owned electric systems,
serving customers in Ohio,
Pennsylvania, New Jersey, West
Virginia, Maryland and
New York. The company's
transmission subsidiaries operate more than 24,000 miles of
transmission lines that connect the Midwest and Mid-Atlantic
regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or online
at www.firstenergycorp.com.
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SOURCE FirstEnergy Corp.