Illinois House Speaker Michael Madigan says he’s done nothing wrong, and documents subpoenaed by the feds will prove it.
But in a bombshell deal with federal prosecutors, utility giant Commonwealth Edison admits to using bribes to curry favor with Madigan. As retribution ComEd is set to pay a hefty fine.
Where will the money come from?
Friday’s announcement by ComEd and the U.S. attorney’s office continues to reverberate through Illinois’ political power structures.
But what about the other type of power — as in, energy, like the nuclear energy generated by ComEd’s parent company, Exelon, that is delivered by ComEd to your home to power your lights and air conditioner?
ComEd’s set to pay a $200 million fine as it seeks to get the bribery charge dismissed.
U.S. Attorney John Lausch says it’s the largest criminal monetary penalty in the Northern District of Illinois’ history.
And he says it’s ComEd — not its customers — on the hook to pay it.
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