On Friday, the U.S. Attorney’s Office in Chicago unveiled a charging document and agreement — known as a deferred prosecution — in which Commonwealth Edison, Illinois’ largest electric utility, , is charged with one count of bribery. The agreement came less than a year after WBEZ first disclosed the nature of the federal probe about whether ComEd hired politically connected contractors — some with ties to Illinois House Speaker Michael Madigan — in order to win favorable government actions, including electricity rate increases.
That bribery charge will be dropped if ComEd pays a $200 million fine and complies with regulations for three years. By settling with federal prosecutors, ComEd avoids the specter of a politically explosive criminal trial into the clout-laden power company’s Springfield lobbying muscle. However, despite the multiple connections to Madigan detailed throughout the court filing and various quotes attributed to Madigan associates, the speaker is not quoted anywhere in the document and the allegations detailed in it all involve associates of Madigan — not Madigan himself.
Read WBEZ’s full story. The court document is below:
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