His remarks come a day after
If the company abides by all the provisions in the agreement, a charge of conspiracy to commit honest services wire fraud will be dismissed in three years. The
The company also is under investigation by the
Strah said FirstEnergy has made significant strides in reforming FirstEnergy's ethics policies and code of conduct in the wake of the scandal brought to light last July when then-
Householder has pleaded not guilty to a federal conspiracy charge and awaits trial. He was subsequently removed as speaker and expelled from the House.
Authorities have said the
FirstEnergy continues to cooperate with federal prosecutors and investigators in the bribery probe and the other federal investigations, company officials have said.
The
The settlement amount was discounted to reflect FirstEnergy's cooperation in the
“This is truly a humbling moment for our company,” Strah said. “We're humbled by it, but we do view it as a positive step for the company. We paid a significant penalty for accountability."
Strah said FirstEnergy is making progress in settling other “Ohio issues,” which include two sets of federal shareholder lawsuits, audits by the
“I would be very pleased to resolve the
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