Ohio PUC Chair Resigns After FBI Raids His Home
Ohio Public Utilities Commission Chairman Sam Randazzo resigned Friday after the FBI searched his home. “The impression left by an FBI raid on our home, the statement included in FirstEnergy Corp.’s filing with the Securities and Exchange Commission yesterday and…
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the accompanying publicity will, right or wrong, fuel suspicions about and controversy over decisions I may render in my current capacity,” Randazzo wrote Gov. Mike DeWine (R). FirstEnergy’s SEC filing Thursday said certain senior managers improperly paid $4 million in early 2019 to end a “purported consulting agreement” with “an individual who subsequently was appointed to a full-time role as an Ohio government official directly involved in regulating the Ohio Companies, including with respect to distribution rates.” Vice Chairman Beth Trombold will be acting agency chair, per state law, while a council considers nominations for DeWine, his office said Friday. A commission spokesperson declined to comment, referring us to the governor’s statement.