FirstEnergy Successfully Completes Obligations Under Deferred Prosecution Agreement

By Bobby Samwell • Monday, July 22 15:23 • Permanent Link

FirstEnergy Corp. has successfully completed certain obligations as required by the Deferred Prosecution Agreement (DPA) with the United States Attorney’s Office for the Southern District of Ohio (USAO-SDOH). The company has undertaken remedial measures and implemented a compliance and ethics program to detect and deter violations of U.S. law. Consequently, FirstEnergy Corp.'s annual reporting obligations and certain other obligations will end within 30 days of July 22, 2024. However, the company will continue to be bound by remaining provisions in the DPA, including ongoing cooperation until the completion of any related investigation, criminal prosecution, or civil proceeding. The USAO-SDOH intends to file another status report regarding the continuing obligations by February 1, 2025. Following these announcements, the company's shares moved 0.5%, and are now trading at a price of $39.77. For more information, read the company's full 8-K submission here.

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