Bailouts & pay for play are never a good thing. And they often get messy – especially in my home state of Illinois. I live in sunny and infected Florida now, but I keep tabs on the goings-on in the Land of Lincoln. Besides the Cubbies starting up the regular season today, there are other.. interesting.. developments in the (less fun) utilities space. ComEd, a subsidiary of Exelon, is the big utility across Chicagoland. ComEd recently agreed to a whopping $200 million fine due to a bribery charge that involved many high-level elected officials in Illinois from 2011 to 2019. This is so Illinois, I hate to say it. The illegal activity was found to be strictly between ComEd and the politicians, so while it may not be a bigger scandal involving Exelon managers, many groups are calling for stricter oversight from Exelon to their subsidiaries. What’s more, there’s another…
Continue Reading: Bailout nation – Illinois & Ohio face scandals
