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Monday, November 25, 2024

City of Chicago, Lightfoot agree to 15-year deal with ComEd

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Chicago Mayor Lori Lightfoot | Lori Lightfoot/Facebook

Chicago Mayor Lori Lightfoot | Lori Lightfoot/Facebook

Mayor Lori Lightfoot and the City of Chicago have reached a 15-year deal with Commonwealth Edison.

“ComEd remains closely engaged with the city of Chicago to arrive at an agreement that will expand on our century-long partnership to support and spur a reliable and equitable transition to a clean energy future for all of Chicago’s communities," Shannon Breymaier, ComEd spokesperson, recently told the Chicago Tribune.

With the Lightfoot administration unveiling a pair of companion agreements that were also recently presented to aldermen, some lawmakers are concerned that the agreement is for too long and was reached too quickly; the Tribune said.

This is the first new agreement between the City and the utility company since the U.S. attorney’s office announced almost three years ago that the company faced a single count of bribery in a scheme to funnel money and jobs to supporters of then-House Speaker Mike Madigan. The company agreed to pay a $200 million fine so that federal authorities would drop the charge.

Madigan is scheduled to go on trial for his alleged role in the scheme sometime next year, the Tribune reported.

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