FirstEnergy Corp. isn’t in compliance with New York Stock Exchange listing requirements, the company said in a press statement Tuesday.
The NYSE sent a notice to FirstEnergy on Tuesday after the company failed to file its required 10-Q form for the quarter ending Sept. 30 on time. The utility missed its original deadline of Nov. 9 and filed for an extension lasting until Nov. 16, which it also missed.
FirstEnergy’s tardiness has no immediate impact on its NYSE listing — it still has six months to file the 10-Q.
“In connection with the ongoing government investigations and the company’s re-evaluation of its controls framework, which could include identifying one or more material weaknesses, the company requires additional time to complete its quarterly review and closing procedures and to provide appropriate disclosure in the Form 10-Q,” FirstEnergy said in Tuesday’s release.
FirstEnergy is under investigation by multiple federal and state government entities over its alleged involvement with passage of Ohio House Bill 6, a nuclear energy bailout allegedly connected with a $60 million corruption scheme considered one of the largest in Buckeye State history.
