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Westlaw News

Ohio AG, FirstEnergy agree to end $102 mln surcharge in nuclear bailout scandal

FirstEnergy Corp and the Ohio attorney general on Monday agreed to an out-of-court settlement under which the power company will no longer collect $102 million in 2021 in customer surcharges that were approved under a controversial law at the center of a bribery scandal to bail out two of its nuclear power plants.

Ohio Attorney General Dave Yost said he will withdraw a motion he filed last month in the Court of Common Pleas for Franklin County that sought to block the multi-year surcharge once the Public Utilities Commission of Ohio (PUCO) approves the an emergency application from FirstEnergy that confirms the rates will no longer be charged.

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