ComEd agrees to pay $200k in federal criminal investigation implicating Speaker Madigan

CHICAGO — Commonwealth Edison Company the largest electric utility in Illinois, has agreed to pay $200 million to resolve a federal criminal investigation into a years-long bribery scheme, the U.S. Attorney’s Office in Chicago announced Friday.

Speaker Michael Madigan

In doing so, ComEd it is admitting it arranged jobs, subcontracts and pay-offs for associates of “a high-level elected official for the state of Illinois.” That person is identified as “Public Official A” in a news release that implicates House Speaker Michael Madigan.

“Public Official A controlled what measures were called for a vote in the Illinois House of Representatives and exerted substantial influence over fellow lawmakers concerning legislation affecting ComEd,” the U.S. Attorney’s office said in a news release.

ComEd is resolving the investigation through a deferred prosecution agreement that will include the $200 million fine, according to the feds.

Court documents say that beginning no later than in or around 2011, Public Official A – believed to be Madigan — and Individual A sought to obtain from ComEd jobs, vendor subcontracts, and monetary payments associated with those jobs and subcontracts for various associates of Public Official A, such as precinct captains who operated within Public Official A’s legislative district.

In February 2019, Consultant 1 emphasized in the agreement “that he had told no one of the arrangement per instructions previously given to Consultant 1, and cautioned Senior Executive 1 that ComEd should not tamper with the arrangement because “your money comes from Springfield,”

Federal officials will announce developments in a public corruption investigation at a 12:30 press conference today in Chicago.

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