Attorney General Raoul Urges Commerce Commission To Order Commonwealth Edison Pay Customers Larger Refunds
CHICAGO - Attorney General Kwame Raoul, along with the city of Chicago and the Citizens Utility Board (CUB), filed an application for rehearing requesting the Illinois Commerce Commission (ICC) revisit its Aug. 17 decision ordering Commonwealth Edison (ComEd) to refund $38 million to customers. Raoul, the city of Chicago and CUB argued that customers should receive larger refunds after ComEd financed a $200 million contribution from its parent company, Exelon Corporation, as an equity infusion to pay a criminal penalty from a July 2020 deferred prosecution agreement (DPA) ComEd entered into to resolve a federal criminal investigation. ComEd’s accounting treatment is argued to have permanently increased ComEd’s equity capitalization, resulting in the electric utility collecting $7 million more in revenues from its customers. In the DPA, ComEd admitted to engaging in an unprecedented, eight-year bribery scheme to influence and reward former speaker of the Illinois House