FirstEnergy, Others to Pay $49 Million to Settle Bribery Suit

FirstEnergy Corp. and Energy Harbor will have to pay a combined $49 million as part of a settlement with a class of ratepayers that alleged the companies bribed state lawmakers to secure a $900 million subsidy for two nuclear plants.

FirstEnergy and other individual defendants were accused of violating the Racketeer Influenced and Corrupt Organizations Act and the Ohio Corrupt Practices Act. The company earlier reached a $230 million agreement with prosecutors in a separate corruption case.

Judge Edmund A. Sargus Jr. of the US District Court for the Southern District of Ohio granted final approval of the class settlement ...