One was a millionaire CEO of a large publicly traded utility looking for 11th-hour help to save two nuclear power plants that hung like millstones around the neck of his company’s bottom line. The other was a former House speaker seeking to fully restore his political power after more than a decade on the sidelines. Today, they share tattered careers and future worries as prosecutors continue to investigate former FirstEnergy Corp. CEO Chuck Jones’ involvement in a $60 million bribery scheme secretly funded by the company to win a $1 billion legislative bailout for the plants and potentially hundreds of millions more in annual revenue guarantees for its three Ohio electric companies.
CLEVELAND — One was a millionaire CEO of a large publicly traded utility looking for 11th-hour help to save two nuclear power plants that hung like millstones around the neck of his company’s bottom line.
Former House Speaker Larry Householder, who shepherded the bailout bill through the Legislature with FirstEnergy money, is now a political pariah facing a federal racketeering charge.in October along with two senior vice presidents. Householder lost his speakership and later his House seat. The courtship between the two men appears to have begun in earnest in 2017 when Householder, newly returned to his House seat, accompanied FirstEnergy executives on a company plane to President Donald Trump’s inauguration in January.Householder was selected speaker in January 2019 thanks to supportive legislators elected the previous year using millions in hidden FirstEnergy dollars. The campaign help was funneled through dark money groups not required to disclose their donors.
FirstEnergy officials, including Strah, have said the company has taken numerous reform measures in the last year, including a review of its political donations, political giving and use of dark money groups. On April 23, 2019, a day when opponents testified against the bailout bill at a House committee hearing, Executive 2 texted Jones to tell him the session was lengthy and went as expected. “Tell to put his big boy pants on. Ha.”
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