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Ohio utility gets SEC subpoena regarding tainted energy bill

CLEVELAND (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 were 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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