Sam Randazzo, former top utility regulator accused of taking $4.3 million bribe, found dead

COLUMBUS, Ohio – A former top state utility regulator accused of taking a $4.3 million bribe was found dead Tuesday.

Sam Randazzo was pronounced dead just before noon by the Columbus Division of Fire, according to a spokesman for the Franklin County Coroner’s office. He was found by police unresponsive, hanging by a rope in the rafters of a Columbus property. The coroner’s spokesman said it is a suspected death by suicide but will be confirmed in an autopsy.

Randazzo, 74, is the former chairman of the Public Utilities Commission of Ohio and has been indicted in both federal and state court for taking bribes from Akron-based FirstEnergy.

Randazzo’s death follows an epic fall from grace. In 2018, he was on his way to retirement after a storied career as a utility lawyer, representing industrial energy users seeking cheaper electricity prices. But following the election of Gov. Mike DeWine, Randazzo applied, and was later appointed to serve as the chairman of the Public Utilities Commission of Ohio.

According to both state and federal prosecutors, it was around that time that he accepted a $4.3 million bribe. He has acknowledged receiving the payment but pleaded not guilty to felony charges, insisting the money was an obligatory term of a contractual arrangement. FirstEnergy admitted to paying the bribe in a deferred prosecution agreement in exchange for favorable treatment at the PUCO. Randazzo faced up to 20 years in prison.

While neither judge nor jury has made any finding on those allegations, Randazzo recently lost several important legal battles. The Ohio Supreme Court allowed Ohio Attorney General Dave Yost to freeze millions in his assets before trial. A federal judge denied his attempt to move the trial from Cincinnati to his hometown in Columbus.

Cleveland.com and The Plain Dealer reached out to Roger Sugarman, his attorney.

Along with Randazzo, FirstEnergy has also admitted to bribing ex-House Speaker Larry Householder with millions of dollars in exchange for the passage of House Bill 6, legislation that charged ratepayers to bail out nuclear plants owned at the time by FirstEnergy. Householder has been sentenced to 20 years in federal prison. Co-conspirator Matt Borges, a lobbyist, is serving a five year sentence as well. Two other men pleaded guilty to racketeering and testified as government witnesses. A fifth, Neil Clark, died by suicide in early 2021.

DeWine spokesman Dan Tierney declined to comment Tuesday evening.

Jennifer Young, a spokeswoman for FirstEnergy, said the company is “saddened to hear of this tragic news.”

Jake Zuckerman covers state politics and policy for Cleveland.com and The Plain Dealer.