Capitol - Your Illinois News Radar » Vistra CEO wondered aloud about “shady dealings going on between legislators and lobbyists and ComEd”
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
To subscribe to Capitol Fax, click here.
Vistra CEO wondered aloud about “shady dealings going on between legislators and lobbyists and ComEd”

Thursday, Sep 12, 2019

* Bruce Rushton

During an Aug. 2 conference call with analysts, [Curt Morgan, Vistra president and chief executive officer] downplayed chances for significant energy legislation to pass the General Assembly during the upcoming veto session. Responding to a question from an analyst, the CEO said that media accounts of Commonwealth Edison lobbyists writing checks to a former political operative for House Speaker Michael Madigan who was fired after being caught up in a sexual harassment scandal likely will reduce chances for legislation that involves ComEd or Exelon, ComEd’s parent company.

The real problem is the federal investigation into the company’s lobbying activities.

* From the Tribune

ComEd recently confirmed in a report filed with the U.S. Securities and Exchange Commission that both ComEd and parent company Exelon received a federal grand jury subpoena “requiring production of information concerning their lobbying activities” in Illinois. The report stated the companies have “pledged to cooperate fully” and were “expeditiously providing the requested information.”

* From the August 2nd conference call

Mike Weinstein — Credit Suisse — Analyst

Gotcha. And my second question is just — has to do with Illinois and the veto session that’s coming up as a staple during those discussions. Is there any — what — are you seeing any impact from some of the headlines that have come out recently about the investigation into House Speaker Madigan and the — there’s some speculation that maybe that might be affecting the outcome of the legislation or outcome of the veto session. I’m just wondering if you’re seeing any of that.

Curt Morgan — President and Chief Executive Officer

Yeaah. So I mean I do — I mean we, as we look at it, we think it could have an impact on whether something, broader energy legislation gets done in Illinois in the veto session. I mean I think it’s hard in my mind to see that legislators are going to embrace something that would include ComEd and Exelon significantly when they’re sort of wrapped in this cloud of controversy. Just politically, it feels like it could be difficult.

Now there’s still a lot of time before we get to the veto session in November, and some of this stuff could be put to the side. I did hear, again, I said this earlier. But Chris Crane, I think on their call, Exelon’s call, felt pretty confident that they could move forward. I mean Chris has a pretty good hand on the pulse of what goes on in Illinois.

So who am I to argue with him? What all I know is, is that we’ll be ready to move forward on our piece of legislation if there is a larger energy bill and hopefully be able to convince people that’s a good thing for them to do. We think it is, and we have a lot of reasons why we do think that, but we’ll see. But it is, Mike, it does — you got to believe it throws a little bit of a monkey wrench into all this, because it just casts a cloud over whether somehow there’s some shady dealings going on between legislators and lobbyists and ComEd. I mean — and then you turn around and do legislation with that same parties, it does make it a little bit different.

And I’m not saying that any of this is — I mean I, don’t have any reason to believe any of it. I don’t know anything about it. I just know how things work in life, and it would seem to me that that’s not going to make it any easier to do a broad energy bill. I hope that we’re able to do a broad energy bill.

I hope that all of this passes and everything will be fine. So that’s about as much as I can say about it.

* Related…

* ComEd, Peoples Gas testing whether money will speak to Lightfoot: Since the first day of March, 55 cents of every dollar execs at ComEd and parent Exelon have donated to politicians has gone to the mayor’s campaign fund. For Peoples Gas, it’s 62 cents of every dollar.

- Posted by Rich Miller        

  1. - DD - Thursday, Sep 12, 19 @ 12:58 pm:

    Nothing to see here. Move along. Move along.

  2. - dying HDO - Thursday, Sep 12, 19 @ 1:17 pm:

    I wonder if ComEd outsources some of its legal work to the same people who also do some of its lobbying work? Naaaa, no way. They could not be that incestuous, right?

  3. - DuPage - Thursday, Sep 12, 19 @ 1:24 pm:

    I wonder if all these political donations have influenced the lack of legislation that Comed opposes. The legislation to allow the Rock Island Clean Line to proceed seems to have vanished.

  4. - KBS - Thursday, Sep 12, 19 @ 1:42 pm:

    Sigh…I wonder if that means the Clean Energy Jobs Bill is dead for the year.

  5. - Wondering - Thursday, Sep 12, 19 @ 2:39 pm:

    Does Vistra- Dynegy have any lobbyists? Have they ever made any contributions?

  6. - Not for Nothing - Thursday, Sep 12, 19 @ 3:35 pm:

    Here’s the transcript of the Exelon call that he refers to.

Sorry, comments for this post are now closed.

* SUBSCRIBERS ONLY - Campaign updates
* SUBSCRIBERS ONLY - Fundraiser list
* Reader comments closed until Monday
* Pritzker defends "citizen legislature" concept
* Corruption roundup
* Scammers allegedly spoofing ISP phone numbers
* Question of the day
* Another Lincoln "artifact" called into question
* It's just a bill
* Another first in a newly legalized business
* *** UPDATED x1 *** More SoS glitch details emerge
* Senate President Harmon to leave his law firm after 15 years
* Yesterday's stories

Visit our advertisers...






Main Menu
Pundit rankings
Subscriber Content
Blagojevich Trial
Updated Posts

January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005


RSS Feed 2.0
Comments RSS 2.0

Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller