Ohio utility gets SEC subpoena regarding tainted energy bill

AEP Ohio

The American Electric Power corporate headquarters is seen in this April 29, 2004 file photo in Columbus, Ohio. (AP Photo/Paul Vernon)

CLEVELAND, Ohio (AP) — Electric utility AEP Ohio says it has received a subpoena from the Enforcement Division of the U.S. Securities and Exchange Commission for documents regarding benefits it has received from a tainted energy bill that ensnared another Ohio electric utility.

Columbus-based AEP released a one-page document Tuesday saying the SEC also wants documents “relating to our financial processes and controls.”

The company says it is cooperating and denies wrongdoing.

A subsidy for two aging coal plants partly owned by AEP was later added to legislation providing a $1 billion bailout for two nuclear power plants owned at the time by a wholly-owned subsidiary of FirstEnergy Corp.

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