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FirstEnergy Works to Distance Itself From Ex-Unit Amid Probe (1)

July 24, 2020, 6:18 PM

FirstEnergy Corp.’s chief executive officer on Friday pushed to distance the company from its former unit that owns nuclear plants benefiting from an Ohio state law at the crux of an alleged racketeering and bribery conspiracy.

CEO Charles Jones said the company hasn’t had control of decisions made by its former FirstEnergy Solutions unit, now Energy Harbor, since November 2016. And he said FirstEnergy is in talks with U.S. Justice Department lawyers after receiving subpoenas related to the alleged racketeering conspiracy involving to the passage of the reactor subsides last year.

“FirstEnergy acted properly in this matter, and we ...