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An auditor hired by the West Virginia Public Service Commission to look into two electric companies owned by FirstEnergy found evidence of wrongdoing, but it's not clear whether the companies actually overspent on lobbying, the Pittsburgh Post-Gazette reports.
According to the Rhode Island-based Van Reen Accounting firm's report, more than $871,000 in costs associated with Ohio House Bill 6 were mischarged to MonPower and Potomac Edison's expense and capital accounts between 2014 and 2020.
Van Reen says attorney-client privilege prevented it from examining the companies' lobbying and building costs associated with HB 6, which was a bill that charged Ohio ratepayers to keep two nuclear plants operating.
FirstEnergy, which was charged with federal wire fraud, agreed to a settlement and $230 million penalty and a three-year deferred prosecution agreement.
Other investigations and lawsuits against FirstEnergy are pending.
FirstEnergy was accused of spending more than $60 million between 2018 and 2020 funneling the money through Generation Now, a nonprofit controlled by former Ohio House Speaker Larry Householder and others.
Later, funds from the nonprofit were used to bribe ballot initiative signature collectors to stop collecting signatures to reverse House Bill 6, a bill that charges Ohio ratepayers to keep the Davis-Besse and Perry nuclear plants operating.
Householder, former Ohio Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Silicon Valley Community Foundation, California Endowment
In 2024, Los Angeles will host the Mission Investors Exchange 2024 National Conference, an annual conference that brings together more than 750 philanthropy and impact investing leaders from across...more
Foundation: California Community Foundation, California Endowment
Ava DuVernay financed her latest film with money from the Giving Pledgean initiative of the California Endowment, the largest US foundation to commit its entire $4 billion portfolio to social and...more
Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Rockefeller Philanthropy Advisors, Skoll Foundation, Target Foundation, Ford Foundation, Philadelphia Foundation, Rockefeller Foundation
"The US creative economy was most recently valued at over $1 trillion by the National Endowment for the Arts," per a press release, "even before considering film, fashion, video games, beauty, food,...more
ExxonMobil is in the midst of dozens of lawsuits from states and localities accusing the company of lying about its role in climate change and the dangers of burning fossil fuels. Now, the oil...more
An auditor hired by the West Virginia Public Service Commission to look into two electric companies owned by FirstEnergy found evidence of wrongdoing, but it's not clear whether the companies...more
Foundation: Gates Foundation
Bill and Melinda Gates are putting their money where their mouth is. The world's two biggest philanthropists have each donated $50 million to the Bill and Melinda Gates Foundation, CNN...more
Foundation: Gates Foundation
There's a new way of helping the world's poorest people, and it doesn't involve sending in satellites. Instead, the Bill and Melinda Gates Foundation is putting its money where its mouth is,...more
Foundation: MacArthur Foundation, Ford Foundation
"To meet the challenges of our time, foundations must deploy resources across the full spectrum of capital, including grants, catalytic capital, and endowment investments that align with mission and...more
Foundation: MacArthur Foundation, Ford Foundation
"To meet the challenges of our time, foundations must deploy resources across the full spectrum of capital, including grants, catalytic capital, and endowment investments that align with mission and...more
Foundation: MacArthur Foundation, Ford Foundation
"To meet the challenges of our time, foundations must deploy resources across the full spectrum of capital, including grants, catalytic capital, and endowment investments that align with mission and...more
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Kresge Foundation
Social Entrepreneurship
Spotlight
Social Enterprise Shortlisted for First Citi Microentrepreneurship Awards
First Enterprise Business Agency (FEBA), a Nottingham-based business support organization, is a contender for two categories at the first Citi Microentrepreneurship Awards to be held this coming February.
