FirstEnergy’s Got Friends in High Places…but That’s About It
FirstEnergy may be facing severe criticism of its $3-billion bailout proposal from a diverse set of stakeholders and newspaper editors, yet it retains one powerful resource behind the scenes – extremely well-connected lobbyists. You could say the utility giant has the most political clout in Ohio’s capital. For example, of the many people championing FirstEnergy’s anti-innovation stance, two are chairmen of county Republican parties. And if you take a close look at the list, you’ll see even deeper ties to high-ranking political players.
But aside from FirstEnergy’s wealthy lobby posse, the utility seems to have few supporters for its request. Sure, it’s “earned” a few along the way via special giveaways with groups like Industrial Energy Users—Ohio and the Kroger Company. But the overwhelming community consensus from groups like the Ohio Manufacturers’ Association, Walmart, Ohio Citizen Action, and the staff of the PUCO continues to be: Reject the deal.
If it weren’t for its “friends” that have been, errr, financially encouraged, FirstEnergy would be eating lunch all by its lonesome.
|