Latest Government aid for industry News

Consumers' lawyer seeks refunds as FirstEnergy ratings fall

Nov. 25, 2020 5:56 PM EST

COLUMBUS, Ohio (AP) — The lawyer for FirstEnergy’s 1.8 million residential electric customers in Ohio stepped in Wednesday to try to assure they get refunds should state legislators or the courts halt the charges the utility giant was expecting as part of a now-tainted nuclear bailout bill. Ohio...

Envelopes from the Florida Department of Economic Opportunity Reemployment Assistance Program are shown, Thursday, Nov. 5, 2020, in Surfside, Fla.  The number of a Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.  (AP Photo/Wilfredo Lee)

Picture of US economy is worrisome as virus inflicts damage

Nov. 25, 2020 1:24 PM EST

WASHINGTON (AP) — Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic. A flurry of data released Wednesday suggested that the spread of the virus is...

FILE – In this Tuesday, April 4, 2017, file photo, plumes of steam drift from the cooling tower of FirstEnergy Corp.'s Davis-Besse Nuclear Power Station in Oak Harbor, Ohio. A federal court docket showed that

Judge orders attorneys, adviser to explain bailout bill work

Nov. 25, 2020 12:31 PM EST

CLEVELAND (AP) — A federal bankruptcy judge in Cleveland has asked one the country's top law firms to provide details about their lobbying to help a FirstEnergy Corp. subsidiary win passage of now-tainted legislation to provide a $1 billion subsidy for two Ohio nuclear power plants. U.S. Bankruptcy Judge...

FILE- In this April 16, 2009 file photo, the Kuwait city skyline is seen through the haze of a sand storm in Kuwait City. Kuwait, one of the world’s wealthiest countries, is facing a debt crisis. The pandemic has sent the price of oil crashing to all-time lows and pushed Kuwait toward a reckoning with its longtime largesse for its citizens just as a parliamentary election looms in Dec. 2020. It needs the new parliament to approve raising its debt spending and passing the bill will be the first legislative challenge for Kuwait's new emir. (AP Photo, File)

Oil-rich Kuwait faces reckoning as debt crisis looms

Nov. 24, 2020 1:08 AM EST

DUBAI, United Arab Emirates (AP) — When Kuwait emerged from a monthslong coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking through hallways and spilling onto sidewalks. But unlike much of the world, where long lines formed for donated food, Kuwaitis...

President-elect Joe Biden, speaks during a meeting with Vice President-elect Kamala Harris, Senate Minority Leader Chuck Schumer of N.Y., and House Speaker Nancy Pelosi of Calif., left, Friday, Nov. 20, 2020, in Wilmington, Del. (AP Photo/Alex Brandon)

Biden wants Congress to pass virus aid in lame-duck session

Nov. 20, 2020 6:46 PM EST

WILMINGTON, Del. (AP) — President-elect Joe Biden is pushing Congress to approve billions of dollars in emergency COVID-19 assistance before he takes office, saying in a meeting Friday with the top Democrats in the House and Senate that such a package should be approved during the lame-duck session. Biden...

FILE-This Monday, Nov. 16, 2020 file photo shows FBI agents removing items from the German Village home of Public Utilities Commission of Ohio Chairman Sam Randazzo in Columbus, Ohio.   Just days after FBI agents searched Randazzo's upscale townhome in Columbus, FirstEnergy revealed Thursday that the firm of an Ohio regulator fitting Randazzo's description received a $4 million payment for purported consulting work just before taking his government position early last year.    (Adam Cairns/The Columbus Dispatch via AP)

Top utility regulator resigns; FBI recently searched home

Nov. 20, 2020 3:29 PM EST

COLUMBUS, Ohio (AP) — Ohio's top utility regulator, Samuel Randazzo, resigned Friday morning, a day after the state's largest electric utility reported to the U.S. Securities and Exchange Commission that former executives had improperly directed a $4 million payment to the consulting firm of an official...

Senate Majority Leader Mitch McConnell, R-Ky., arrives to talk to reporters after a Republican Conference luncheon, on Capitol Hill in Washington, Tuesday, Nov. 17, 2020. (AP Photo/J. Scott Applewhite)

The Latest: McConnell proposes shifting funds to COVID aid

Nov. 20, 2020 2:51 PM EST

WASHINGTON (AP) — The Latest on President-elect Joe Biden (all times local): 2:45 p.m. Senate Majority Leader Mitch McConnell is proposing that Congress funnel $455 billion of unspent small business lending funds toward a new COVID-19 aid package. The Republican leader’s offer Friday comes after a...

FBI agents remove items from the German Village home of Public Utilities Commission of Ohio Chairman Sam Randazzo in Columbus, Ohio on Monday, Nov. 16, 2020. (Adam Cairns/The Columbus Dispatch via AP)

Ohio governor deflects questions on public utility official

Nov. 17, 2020 6:39 PM EST

COLUMBUS, Ohio (AP) — Gov. Mike DeWine at a news briefing to discuss the latest measures in the state's effort to control the coronavirus epidemic on Tuesday deflected questions about an FBI search of the Columbus home of his appointee as the state's top utility regulator. DeWine announced in February 2019...

Editorial Roundup: Ohio

Nov. 16, 2020 5:53 PM EST

Recent editorials of statewide and national interest from Ohio newspapers: Ohioans have left Gov. Mike DeWine with few options to fight COVID-19 Akron Beacon Journal Nov. 15 Eight months after shutting Ohio down during the early emergence of COVID-19, Gov. Mike DeWine can’t win. Too many Ohioans have...

FILE - In this May 18, 2011, file photo, a worker is seen in the area surrounding a tree farm in North Perry, Ohio, near the two cooling towers of the Perry Nuclear Power Plant looming in the background. Amid intense scrutiny of the roles company officials played in an alleged $60 million bribery scheme to obtain a $1 billion bailout for two aging nuclear power plants, Ohio's largest electric utility has announced a goal to become

FirstEnergy Corp sets goal to become carbon free by 2050

Nov. 13, 2020 1:53 PM EST

CLEVELAND (AP) — Amid intense scrutiny of the roles company officials played in an alleged $60 million bribery scheme to obtain a $1 billion bailout for two aging nuclear power plants, Ohio's largest electric utility has announced a goal to become “carbon neutral” by 2050 while reducing...