In a room full of company investors at an industry conference, then-FirstEnergy CEO Chuck Jones made an optimistic promise.
His claim soothed investors but sent a shock through several company executives, who sat in on several such meetings arranged throughout the day at the Edison Electric Institute’s annual meeting in Orlando in early November 2019.
“I can almost guarantee you we will not have to go in for a rate case in May of 2024,” Jones said, according to testimony from company treasurer Steve Staub at Jones’ criminal trial…