Yost moves to block another $102 million in FirstEnergy fees

10TV | Associated Press

Ohio’s top lawyer asked a court on Thursday to block FirstEnergy Corp. from collecting special fees from customers that were set up under a now-tainted nuclear bailout bill to allow the company to maintain record-high profits even if electricity sales dip.

Republican Attorney General Dave Yost filed his motion in Franklin County Common Pleas Court, where a judge already has blocked fees that House Bill 6 established for bailing out two nuclear power plants operated by a former FirstEnergy subsidiary, Energy Harbor.

The bill is at the center of a $60 million federal bribery probe that alleges then-House Speaker Larry Householder used the money to politically position for and succeed at passing the bailout bill.

Householder and four others charged have pleaded not guilty.

Yost said customers also should not have to pay the $102 million that FirstEnergy is set to collect in 2021 through a “perverse for a decoupling” that not only unlinked how much the company makes from how much electricity it sells but guaranteed it maintains the level of profits at record-high 2018 levels.

Read the full story here.