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☆ Former Ohio House Speaker Hit With 10 Additional Felony Charges
▼ + stars: | 2024-03-25 | by ( Michael Wines | ) www.nytimes.com time to read: +1 min

A former speaker of the Ohio State House of Representatives, now serving a 20-year federal prison sentence, was indicted on 10 more state felony charges on Monday in connection with a sprawling bribery scheme that handed a $1.3 billion bailout to a major regional energy utility. The charges against the former speaker, Larry Householder, followed an inquiry by the Ohio Organized Crime Commission that also produced indictments last month of two former executives of the Akron-based utility, FirstEnergy Corporation. The two men — Chuck Jones, a former FirstEnergy chief executive officer, and Michael Dowling, a senior vice president — were charged with funneling $4.3 million in bribes to the former chairman of the Ohio Public Utility Commission, Sam Randazzo. They and Mr. Randazzo, who was also indicted, have pleaded not guilty to a total of 27 charges. The FirstEnergy case has been called the largest political scandal in Ohio history.

Persons: Larry, Chuck Jones, Michael Dowling, —, Sam Randazzo, Randazzo Organizations: Ohio State House of Representatives, Ohio, Commission, FirstEnergy Corporation Locations: Akron, Ohio

The long-awaited indictments marked the latest development in what has been labeled the largest corruption case in Ohio history. In July 2021, Yost asked a judge in Columbus to add Jones, Dowling and Randazzo to his office's lawsuit against FirstEnergy. It identified 84 phone contacts between Jones and Householder and 14 phone contacts between Dowling and Householder. FirstEnergy admitted to its role in the bribery scheme as part of a July 2021 deferred prosecution agreement with the U.S. Department of Justice. A statement of facts signed by then-FirstEnergy CEO and President Steven Strah, who retired in 2022, detailed the involvement of Jones, Dowling, Randazzo and others in the bribery scheme.

Persons: Chuck Jones, Michael Dowling, Dave Yost, Sam Randazzo, Larry, Matt Borges, Jones, Dowling, Susan Baker Ross, Randazzo, Baker, Columbus, FirstEnergy, Mike DeWine, Carole Rendon, ”, Matthew Meyer, Richard Blake, Borges, Juan Cespedes, Jeffrey Longstreth, Neil Clark, Householder’s, Bill, Yost, Steven Strah Organizations: FirstEnergy Corp, Republican, Public Utilities Commission, Summit, FBI, Republican Gov, GPS, Industrial Energy, Randazzo, Sustainability, of Ohio, FirstEnergy, U.S . Department of Justice Locations: COLUMBUS , Ohio, Ohio, Akron, Naples , Florida, FirstEnergy, U.S, Cincinnati, Columbus

☆ 8 more of our stocks report earnings next week. Here's what we want to see
▼ + stars: | 2024-02-03 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.

Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah

☆ What to know about nuclear power in the US
▼ + stars: | 2023-07-06 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

Those developments, which might give anyone pause about the future of nuclear power, are counteracted by other headlines. The question of nuclear energy splits governmentsGermany made the decision to decommission all of its nuclear plants after disasters like Chernobyl and Fukushima. Nuclear power in the USAs of 2022, about 18% of US electricity is generated by nuclear power, according to the US Energy Information Administration. First, be very carefulI talked to one nuclear expert who said the US should be slow and methodical about nuclear power and another who argued there are multiple, public misperceptions about nuclear power that should be corrected. The more circumspect voice is Rodney Ewing, a Stanford University professor and expert on nuclear waste who was chairman of a federal review of nuclear waste procedures.

Persons: CNN’s Clare Sebastian, Larry, Joe Biden, Rodney Ewing, ”, I’ve, ” Ewing, “, David Ruzic –, Ruzic, we’ve, ” Ruzic, “ It’s, it’s, Ewing Organizations: CNN, International Atomic Energy Agency, US Energy Information Administration, FirstEnergy Corp, Department of Energy, Stanford University, Bulletin, Atomic Scientists, University of Illinois, Lawmakers Locations: Russia, Ukraine, Europe’s, Japan, Georgia, Germany, Fukushima, France, CNN’s, China, Tennessee, California, Illinois

☆ How the U.S. Clean Air Act lets closed coal plants keep polluting for years
▼ + stars: | 2023-04-22 | by ( Tim Mclaughlin | ) www.reuters.com time to read: +10 min

Under the federal program, states distribute a certain number of allowances to power plants annually. Reuters found dozens of other examples of coal plants using credits from closed facilities to help comply with pollution rules over the past five years. During the 2021 ozone season, New Madrid’s pollution was five times higher than average among coal plants participating in the NOx-reduction program, EPA data show. RED-STATE PROTESTSUtilities and lawmakers in Republican-controlled states have pushed hard against curbs on coal pollution, including the EPA’s latest NOx-reduction regulations. But even at that price, NOx allowances will find buyers among coal plants, including those that operate at high pollution rates.

☆ Former Ohio House speaker Householder convicted over $60 mln bribery plot
▼ + stars: | 2023-03-10 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

WASHINGTON, March 9 (Reuters) - A federal jury convicted former Ohio House of Representatives Speaker Larry Householder and former Ohio Republican Party chair Mathew Borges of participating in a $60 million bribery scheme, the U.S. Justice Department said on Thursday. Householder, 63, and Borges, 50, were charged in 2020 in the federal bribery case stemming from a bill passed in 2019 to bail out Ohio's nuclear power plants. Following his arrest in 2020, the Ohio House of Representatives voted to remove Householder from the speakership position. Prosecutors had alleged that energy distributor FirstEnergy Corp (FE.N) gave $60 million to Generation Now, a political nonprofit operated by Householder. Householder and Borges were convicted of participating in the racketeering conspiracy, the Justice Department said in a statement on Thursday.

☆ Supreme Court’s ‘Dark Money’ Rulings Anchor Defense in Ohio Political Corruption Trial
▼ + stars: | 2023-03-07 | by ( Julie Bykowicz | ) www.wsj.com time to read: 1 min

Former Ohio Rep. Larry Householder and others were charged in what officials say is the largest political corruption case in Ohio history. CINCINNATI—An Ohio jury is about to decide whether politicians enlisted by an energy company to seek a $1.3 billion state bailout of its two failing nuclear plants pushed the bounds of campaign spending too far. Akron-based FirstEnergy Corp. secretly spent more than $60 million beginning in 2018 to help then-Republican state Rep. Larry Householder win the Ohio House speakership and secure the bailout. Federal prosecutors called the arrangement an illegal pay-to-play bribery scheme.

☆ Supreme Court’s ‘Dark Money’ Rulings Anchor Defense in Ohio Corruption Trial
▼ + stars: | 2023-03-07 | by ( Julie Bykowicz | ) www.wsj.com time to read: 1 min

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