The Chicago Sun-Times reports that the watchdog Citizens Utility Board filed a complaint in federal court late Tuesday against ComEd over the utility’s admissions in a blockbuster bribery case last summer.
Federal prosecutors accused ComEd in July of sending $1.3 million to associates of House Speaker Michael Madigan for doing little or no work for the utility, all while ComEd hoped to land Madigan’s support for legislation in Springfield worth more than $150 million.
Though ComEd formally pleaded not guilty in court, it also admitted to the allegations in what’s known as a deferred-prosecution agreement that could ultimately lead to the dismissal of a bribery charge filed against it. It was also expected to pay a $200 million fine — believed to be the largest criminal fine ever in Chicago’s federal court.
“Partially restructured electricity markets that allow incumbent utilities to compete directly with retail suppliers encourages the kind of rent-seeking behavior we’ve seen in Illinois and Ohio. Full restructuring requires quarantining regulated electric utilities to owning and operating the poles and wires of the transmission system and leaving the generation, sale and delivery of electricity to private-sector companies to encourage maximum competitiveness. ”
That case, as well as the indictment in November of former ComEd CEO Anne Pramaggiore and three other Madigan allies, has threatened Madigan’s hold on the speaker’s gavel. He has not been charged with a crime and denies wrongdoing.
The complaint alleges ComEd “continues to reap the benefits of its nearly decade-long scheme — even after admitting what it has done.” Meanwhile, it said, “hundreds of thousands of Illinoisans have lost their jobs due to the coronavirus pandemic.”
The CUB complaint accuses ComEd executives, employees, lobbyists and others of racketeering through the so-called “ComEd Enterprise” for a “nine-year-long ‘quid pro quo’ scheme.”
“The primary purpose of the ComEd Enterprise was mutual enrichment at the expense of Illinois utility consumers: to produce undue influence over the Illinois General Assembly for the financial and political benefit of ComEd, and the enrichment of ComEd Enterprise associates,” it said.
It also said members of the enterprise “bribed elected officials in order to influence the passage of legislation beneficial to ComEd in the Illinois General Assembly,” ultimately causing Illinois utility consumers to pay an additional $150 million for electricity since 2011.
Read the full story at SunTimes.com.