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FirstEnergy
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997. Its subsidiaries and affiliates are involved in distributing, transmitting, and generating electricity, energy management, and other energy-related services. Its ten electric utility operating companies comprise one of the United States' largest Investor-owned utility, investor-owned utilities, based on serving 6 million customers within a area of Ohio, Pennsylvania, West Virginia, Virginia, Maryland, New Jersey, and New York (state), New York. Its generation subsidiaries control more than 16,000 megawatts of capacity. Its distribution lines span over 194,000 miles. In 2018, FirstEnergy ranked 219 on the Fortune 500, ''Fortune'' 500 list of the largest public corporations in the United States by revenue. In November 2016, FirstEnergy decided to exit the competitive power business and become a fully Regulated market, regulated company. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ohio Nuclear Bribery Scandal
The Ohio nuclear bribery scandal is a political scandal in Ohio involving allegations that electric utility company FirstEnergy paid roughly $60 million to Generation Now, a 501(c)(4) organization purportedly controlled by Speaker of the Ohio House of Representatives Larry Householder in exchange for passing a $1.3 billion bailout for the nuclear power operator. It was described as "likely the largest bribery, money laundering scheme ever perpetrated against the people of the state of Ohio" by U.S. Attorney David M. DeVillers, who charged Householder and four others with racketeering on July 21, 2020. According to prosecutors, FirstEnergy poured millions into the campaigns of 21 candidates during the 2018 Ohio House of Representatives election, which ultimately helped Householder replace Ryan Smith (Ohio politician), Ryan Smith as Republican Party (United States), Republican House speaker. Background In July 2019, the House passed House Bill 6, which increased electricity rates an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allegheny Energy
Allegheny Energy was an electric utility headquartered in Greensburg, Pennsylvania. It owned and operated electric generation facilities and delivered electric services to customers in Pennsylvania, West Virginia, Maryland, and Virginia. Allegheny Energy was incorporated in Maryland in 1925 as West Penn Electric Company. One of its predecessor companies dates back to the formation of West Penn Power on January 31, 1907. The company had three primary businesses: "merchant generation," which operated power plants primarily in Pennsylvania and West Virginia; "transmission expansion;" and "utility operations," consisting of transmission and distribution operations serving 1.6 million customers, primarily in small towns and rural areas. Allegheny merged with FirstEnergy in February 2011. Subsidiary companies Allegheny Energy operated its electric distribution operations under the trade name Allegheny Power. Its regulated subsidiaries were West Penn Power (serving Southwestern and C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Akron, Ohio
Akron () is a city in Summit County, Ohio, United States, and its county seat. It is the List of municipalities in Ohio, fifth-most populous city in Ohio, with a population of 190,469 at the 2020 United States census, 2020 census. The Akron metropolitan area, covering Summit and Portage County, Ohio, Portage counties, had a population of 702,219. It is located on the western edge of the Glaciated Allegheny Plateau in Northeast Ohio about south of downtown Cleveland. First settled in 1810, the city was founded by Simon Perkins and Paul Williams in 1825 along the Cuyahoga River, Little Cuyahoga River at the summit of the developing Ohio and Erie Canal. The name is derived from the Greek language, Greek word (), signifying a summit or high point. It was briefly renamed South Akron after Eliakim Crosby founded nearby North Akron in 1833, until both merged into an incorporated village in 1836. In the 1910s, Akron doubled in population, making it the nation's fastest-growing city. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matt Borges
Mathew "Matt" Borges is an American politician who was the chairman of the Ohio Republican Party from 2012 to 2017. He was replaced when President-elect Donald Trump supported his opposition. In 2020, he joined other former Trump and Bush administration officials in launching the Right Side PAC, a super PAC encouraging Republicans to vote for Joe Biden over Trump in 2020. In June 2023, he was sentenced to five years in federal prison for his role in the Ohio nuclear bribery scandal, where he accepted part of $60 million in bribes to pass a $1.3 billion bailout bill benefiting FirstEnergy, the corporate owner of Ohio's Perry and Davis–Besse nuclear plants. It was called the largest corruption scandal in Ohio's history. Early life and education Of Portuguese descent, Borges grew up in Barrington, Rhode Island, and earned a B.A. in political science from The Ohio State University in 1994. He and his wife, Kate, live in Bexley, Ohio. Politics Borges spent most of his e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North American Company
The North American Company was a holding company incorporated in New Jersey on June 14, 1890, and controlled by Henry Villard, to succeed to the assets and property of the Oregon and Transcontinental Company. It owned public utilities and public transport companies and was broken up in 1946, largely to comply with the Public Utility Holding Company Act of 1935. Its headquarters were at 60 Broadway in Manhattan. History In 1889, the New Jersey legislature passed legislation to facilitate the control of other companies by another corporation. This was part of a bid to entice trusts to convert into holding companies and move to New Jersey. It persuaded the Oregon company Oregon and Transcontinental to re-incorporate as a holding company in New Jersey and became the North American Company. When the Dow Jones Industrial Average was created on May 26, 1896, North American's stock was one of the 12 component stocks, but it was replaced on August 26 by U.S. Cordage. On October 1, 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DJUA
The Dow Jones Utility Average (DJUA, also known as the "Dow Jones Utilities") is a stock index from S&P Dow Jones Indices that tracks the performance of 15 prominent utility companies traded in the United States. The Dow Jones Utilities is a price-weighted average. All components of the DJUA are listed on the New York Stock Exchange, with the exception of American Electric Power, Exelon, and Xcel Energy, which are listed on Nasdaq. Components , the current components on the Dow Jones Utilities are as follows (company name followed by ticker symbol): Former components Effective October 1, 2014, American Water Works replaced Williams Companies. Effective January 18, 2019, Sempra Energy replaced PG&E Corporation. Effective October 27, 2020, Atmos Energy and Xcel Energy replaced CenterPoint Energy and NiSource, respectively. Effective November 8, 2024, Vistra Corp. replaced AES Corporation. History The index was created in 1929 when all utility stocks were removed from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Virginia
West Virginia is a mountainous U.S. state, state in the Southern United States, Southern and Mid-Atlantic (United States), Mid-Atlantic regions of the United States.The United States Census Bureau, Census Bureau and the Association of American Geographers classify West Virginia as part of the Southern United States while the Bureau of Labor Statistics classifies the state as a part of the Mid-Atlantic (United States), Mid-Atlantic regionMid-Atlantic Home : Mid-Atlantic Information Office: U.S. Bureau of Labor Statistics" www.bls.gov. Archived. It is bordered by Pennsylvania and Maryland to the northeast, Virginia to the southeast, Kentucky to the southwest, and Ohio to the northwest. West Virginia is the List of U.S. states and territories by area, 10th-smallest state by area and ranks as the List of U.S. states and territories by population, 12th-least populous state, with a population of 1,769,979 residents. The capital and List of municipalities in West Virginia, most populou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Regulatory Commission
The United States Nuclear Regulatory Commission (NRC) is an independent agency of the United States government tasked with protecting public health and safety related to nuclear energy. Established by the Energy Reorganization Act of 1974, the NRC began operations on January 19, 1975, as one of two successor agencies to the United States Atomic Energy Commission. Its functions include overseeing reactor safety and security, administering reactor licensing and renewal, licensing and oversight for fuel cycle facilities, licensing radioactive materials, radionuclide safety, and managing the storage, security, recycling, and disposal of spent fuel. History Prior to 1975 the Atomic Energy Commission was in charge of matters regarding radionuclides. The AEC was dissolved, because it was perceived as unduly favoring the industry it was charged with regulating.John Byrne and Steven M. Hoffman (1996). ''Governing the Atom: The Politics of Risk'', Transaction Publishers, p. 163. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WKYC
WKYC (channel 3) is a television station in Cleveland, Ohio, United States, affiliated with NBC and owned by Tegna Inc. Its studios are located on Tom Beres Way (a section of Lakeside Avenue in Downtown Cleveland named after the station's longtime political reporter who retired in 2016), and its transmitter is located in suburban Parma, Ohio. History Early years The station first signed on the air on October 31, 1948, as WNBK, broadcasting on VHF channel 4. It was the second television station in Cleveland to debut, ten months after WEWS-TV (channel 5), and was the fourth of NBC's five original owned-and-operated stations to sign on, three weeks after WNBQ (now WMAQ-TV) in Chicago. WNBK was a sister station to WTAM radio (1100 AM), which had been owned by NBC since 1930. Although there was then no coaxial cable connection to New York City, AT&T had just installed a cable connection between WNBK, WNBQ, WSPD-TV (now WTVG) in Toledo, KSTP-TV in St. Paul, Minnesota, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 9, Title 11, United States Code
Chapter 9, Title 11, United States Code is a chapter of the United States Bankruptcy Code, available exclusively to municipalities and assisting them in the restructuring of their debt. On July 18, 2013, Detroit, Michigan became the largest city in the history of the United States to file for Chapter 9 bankruptcy protection. Jefferson County, Alabama, in 2011, and Orange County, California, in 1994, are also notable examples. The term 'municipality' denotes "a political subdivision or public agency or instrumentality of a State," but does not include a state itself. States are therefore unable to file for bankruptcy even though they have defaulted in their obligations. History The first municipal bankruptcy legislation was enacted in 1934 during the Great Depression. Although Congress attempted to draft the legislation so as not to interfere with the sovereign powers of the states guaranteed by the Tenth Amendment to the Constitution, the Supreme Court held the 1934 Act u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cleveland Public Power
Cleveland Public Power (also known as CPP) is a publicly owned electricity generation and distribution company in Cleveland, Ohio. It was founded in 1907 by then-Cleveland mayor Tom L. Johnson. Prior to 1983, it was known as Municipal Light (or "Muny Light" for short). CPP does not have sufficient capacity to compete across the entire Greater Cleveland area. Rather, it is intended to create additional capacity and to create a benchmark price in order to prevent price gouging by local private utilities and prevent the private market from controlling the city's electricity supply for municipal services such as streetlights and buildings. CPP also provides power to Cleveland Browns Stadium. In December 1978, Mayor Dennis Kucinich refused to sell the company when a number of banks, which were heavily invested in Muny Light's largest privately owned competitor, the Cleveland Electric Illuminating Company (better known as CEI or The Illuminating Company) refused to roll over the cit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
