Proposal calls for ComEd to pay $38 million back to ratepayers for scandal tied to Michael Madigan indictment

Former Illinois Speaker Michael Madigan departs from his lawyers' office, March 9, 2022, after making his first virtual court appearance for his indictment.

The proposal is designed to resolve two ICC investigations — one regulators initiated and one required by a new energy law approved last year. A key part of both probes was to examine whether ComEd improperly charged ratepayers costs tied to the scandal.Outside the ComEd headquarters building July 17, 2020, in the 3400 block of North California Avenue in Chicago.

ComEd agreed with U.S. Attorney John Lausch to pay a $200 million fine and cooperate in the federal investigation in exchange for an agreement that prosecutors will drop a bribery charge against the utility. “If approved by the ICC, the refund will resolve the question of whether customer funds were used in connection with the conduct detailed in the July 2020 deferred prosecution agreement,” ComEd said in a statement.

U.S. Attorney John Lausch exits a news conference after announcing the indictment of Michael Madigan, former speaker of the Illinois House, at the Dirksen U.S. Courthouse in Chicago on March 2, 2022.

Comed is asking for a $200 million rate hike which means we'll be paying ourselves

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