Crain’s Headlines: Another Federal Subpoena for ComEd

Commonwealth Edison is again enmeshed in a federal probe of corruption in Illinois politics.

Crain’s reports that the utility and its parent Exelon have received a grand jury subpoena requiring records of communications with state Sen. Martin Sandoval, among others.  

Thanks to our sponsors:

View all sponsors

Sandoval’s offices and home recently were raided by federal investigators.

For ComEd and Exelon, it’s the second federal subpoena they’ve received in the past three months. A U.S. attorney’s investigation focusing on Southwest Side Ald. Michael Zalewski’s efforts to get lobbying work for ComEd has also resulted in a subpoena.

In other Chicago business news:

The downtown office market remains hot. Companies’ voracious appetite for workspace has pushed vacancies in the downtown office market to the lowest mark in almost three years.

A wave of corporate move-ins, led by Facebook, helped drop the share of empty office space downtown to 12.5% at the end of the third quarter. That’s according to data from real estate services firm CBRE. And it’s the lowest vacancy rate since the end of 2016.

And finally, if flying cars seem like something out of “The Jetsons” to you, think again.

Chicago-based aerospace giant Boeing announced Thursday it will team up with the automotive manufacturer Porsche to begin developing flying cars that will run on battery power.

The companies announced that they’re looking to start testing prototypes. They’re also convening an international team to address regulatory hurdles, public perception and infrastructure challenges.

Porsche Consulting reckons electric flying cars could be a $32 billion industry by the year 2035.

Crain’s Headlines is a joint production between WTTW and Crain’s Chicago Business. It airs every Monday through Thursday on the WTTW News program “Chicago Tonight.” 

Related stories:

Crain’s Headlines: American Airlines Delays Return of Boeing 737 Max Jets

Crain’s Headlines: Caterpillar Stock Sags Amid Global Economy Concerns

Crain’s Headlines: GM Strike Raises Fears of Recession

Crain’s Headlines: Ken Griffin’s $125 Million Gift to Chicago’s MSI

Thanks to our sponsors:

View all sponsors

Thanks to our sponsors:

View all sponsors