Keyword: comed
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A jury found four former Commonwealth Edison executives and lobbyists guilty of bribery-related charges Tuesday as part of an eight-year conspiracy scheme centered around former Democratic Illinois House Speaker Michael Madigan. In the highest-profile corruption case in Illinois in more than a decade, the jury convicted the defendants on all counts. "We're tired of political corruption," juror Amanda Schnitker Sayers said after the verdict. "We're hoping this is a first step." The Chicago veterinarian put the blame on Madigan. "He really did cause this all to happen," she said. Although Madigan wasn't on trial, the longest-serving state legislative leader in...
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Tim Mapes served for years under former House Speaker Michael Madigan as the clerk of the Illinois House and as Madigan’s chief of staff. Now, Mapes has been indicted on a charge of lying to a grand jury in a federal bribery probe connected to the longtime former speaker. Last summer, federal prosecutors revealed a deferred prosecution agreement ComEd entered into where the utility admitted to paying associates of Madigan in money and jobs in order to curry favor from the then-speaker. Com-Ed agreed to pay a $200 million fine and cooperate in the investigation. Madigan has not been charged...
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Lawmakers from both parties have called for John Lausch to keep his job President Joe Biden is forcing Chicago's top federal prosecutor to resign amid ongoing criminal probes of powerful Illinois Democrats and their associates. U.S. attorney John Lausch is prosecuting close confidants of Democrat boss Mike Madigan, an ally of former president Barack Obama who resigned from the state legislature Thursday after a decades-long reign in Springfield. Lausch's office will also prosecute Chicago alderman Edward Burke (D.), an influential figure accused of strong-arming businesses into retaining his law firm. Lausch's abrupt removal has drawn bipartisan criticism from Illinois lawmakers...
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Gov. J.B. Pritzker said Friday that Illinois House Speaker Michael Madigan “must resign” if allegations of corruption are true against the fellow Democrat long considered the state’s most powerful lawmaker. “The speaker has a lot that he needs to answer for, to authorities, to investigators, and most importantly, to the people of Illinois,” Pritzker said during a stop in suburban Chicago. Former federal prosecutor Phil Turner, now a Chicago defense attorney, said it’s likely the government has pursued Madigan for years and with the ComEd allegations, found a fruitful avenue to reach him. More than half a dozen Illinois Democrats...
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Federal prosecutors implicated Illinois House Speaker Michael Madigan on Friday in a brazen, Chicago-style bribery scheme involving ComEd that allegedly went on for years and involved payments to Madigan associates exceeding $1.3 million. Though the stunning, lengthy details were revealed in documents that charged only ComEd — and not Madigan — with bribery, they said ComEd has agreed to “fully and truthfully cooperate” with federal prosecutors. The company has agreed to pay a $200 million fine and acknowledged that it sought Madigan’s help for legislation that could be worth more than $150 million to the utility company. Madigan is not...
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NRG Energy, Inc. rejected Sunday a $6.1 billion takeover bid by Exelon Corp., openly challenging whether the Chicago-based parent company of Commonwealth Edison could successfully manage what would have been the country's largest power generation company. Exelon made an unsolicited all-stock offer last month that valued NRG at a 37 percent premium, a figure that dipped to 9.4 percent by the close of the stock market Friday. The offer proved underwhelming to the board of directors at NRG, which unanimously turned down a merger it said "significantly undervalues" the Princeton, NJ-based company. ``Under your proposal, NRG shareholders would own only...
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It took only 36 hours for President-elect Barack Obama to take the off ramp from the Change We Can Believe In Highway and slam his foot on the gas in the express lanes of the Chicago Way. Because with his first official act, Obama selected a Chicago Daley machine guy for his chief of staff, U.S. Rep. Rahm Emanuel (D-Tomczak). *snip* "And no one I know is better at getting things done than Rahm Emanuel." Among Chicago politicians, the Emanuel announcement was treated with enthusiasm. But it was enthusiasm of the political salivary gland at the prospect of federal pork...
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As reported by Ed Morrissey (2008), two years ago when the large nuclear utility Commonwealth Edison (ComEd) wanted Illinois state lawmakers to back a large rate hike two years ago, it took a creative lobbying approach. Its parent company, Exelon Corporation, contracted with ASK Public Strategies, a consulting firm, to a build a fake "front company" that appeared to be devoted to the public interest called Consumers Organized for Reliable Electricity (CORE). Then the "front company" (CORE) ran TV ads warning of a “California-style energy crisis” if the rate increase wasn’t approved. The CORE ads, however, failed to disclose in...
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