Pat Quinn wants ComEd to pay up

ComEd should have to refund $500 to $1,000 per customer rather than the $4.95 the Illinois Commerce Commission has ordered, former Illinois Gov. Pat Quinn says.

Ashlee Rezin/Sun-Times

Ka-Ching!

       And up the ante!

     Watch for former Gov. Pat Quinn, who is eyeing a mayoral bid, to play City Council money ball this week on behalf of ComEd customers dollar-dinged by the utility company’s bribery scandal several years ago.

      Sneed has learned Quinn plans to file an ordinance with the city clerk this week seeking to leverage a major refund to Chicago’s ComEd consumers bilked out of mega millions, which ended in a flurry of federal indictments two years ago.

     ∞The key: Quinn’s ordinance calls for the city and the mayor NOT to renew the ComEd franchise agreement to do business in the city until the giant utility company agrees to deliver substantial refunds to Chicago customers.

            ∞Translation: The agreement would include specific funds earmarked for those penalized by the bribery scheme.

    “The city needs to play hardball with illegal activity,” said Quinn citing “ComEd’s $2 billion profit from a political bribery scandal begun in 2011.”

    In a deferred prosecution agreement in 2020, ComEd admitted to wrongdoing and paid a $200 million fine to the U.S. government, which went into the U.S. treasury and not the coffers of ComEd customers.

    “A new ComEd franchise agreement with the city could mean refunds from $500 to $1,000 for Chicago ComEd consumers or businesses due to the consumer initiative in this ordinance I plan to promise,” he added.

   ∞Backshot: The Illinois Commerce Commission has ordered ComEd to give refunds to their customers totaling $38 million, which was based on …read more

Source:: Chicago Sun Times

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