Monday, 27 July 2020

FirstEnergy Scandal is Latest Example of Utility Corruption, Deceit / DeSmog

By Matt Kasper, originally published at Energy and Policy Institute

 Federal agents arrested Ohio Speaker of the House Larry Householder, along with several lobbyists, on July 21 on charges that the group used $60 million of funds provided by the monopoly utility FirstEnergy Corp. in exchange for passing a law that bailed out that company’s nuclear and coal plants. 

The scandal is the latest example of monopoly utility companies deceiving lawmakers, regulators, and the public to enrich executives and shareholders, and occasionally being criminally investigated or prosecuted for their actions. Many instances of utility corruption center around attempts to change policies or regulations in ways that would increase electric bills – often to cover costs at expensive power plants, win approval to construct controversial power plants, or restrict the growth of rooftop solar power.

Read the full DeSmog article listing various allegations involving various lawmakers and energy companies. 

Related: Prepare for Economic Chaos

#jailclimatecriminals, #USA, #fossilfuelcompanies, #lawmakers, #climateaction, #economy, #renewables, 

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