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The latest announcement is out from FirstEnergy (FE).
FirstEnergy Corp. has successfully met several key conditions of its Deferred Prosecution Agreement with the U.S. Attorney’s Office, linked to a conspiracy charge involving Ohio House Bill 6. The company, which paid a substantial $230 million penalty—unrecoverable from customers or taxes—has been acknowledged for implementing a robust compliance and ethics program. While certain reporting obligations will cease by August 2024, FirstEnergy remains committed to ongoing cooperation with authorities and will maintain transparency in its financial dealings, especially concerning payments made to entities associated with public officials. The agreement’s completion is pending the outcome of related investigations, after which the criminal charges will be officially dismissed.
See more data about FE stock on TipRanks’ Stock Analysis page.
