* Steve Daniels with the scoop…
Commonwealth Edison is again enmeshed in a federal investigation of corruption in Illinois politics.
The utility, along with parent Exelon, received a grand jury subpoena Oct. 4 requiring “production of records of any communications with certain individuals and entities, including Illinois State Senator Martin Sandoval,” the companies disclosed last night in a Securities & Exchange Commission filing. […]
For ComEd and Exelon, it’s the second federal subpoena they’ve received in the past three months. Earlier, they acknowledged requests for information surrounding “lobbying activities” from the U.S. attorney’s office in Chicago. That investigation focused at least in part on former Southwest Side Ald. Michael Zalewski’s efforts to get lobbying work for ComEd, according to reports at the time. Zalewski has been a close ally of House Speaker Michael Madigan for years.
* From the company’s SEC filing…
As previously disclosed, Exelon Corporation and Commonwealth Edison Company (the “Companies”) received a grand jury subpoena from the U.S. Attorney’s Office for the Northern District of Illinois, which required production of information concerning lobbying activities in the State of Illinois. On October 4, 2019, the Companies received a second grand jury subpoena from the U.S. Attorney’s Office for the Northern District of Illinois that requires production of records of any communications with certain individuals and entities, including Illinois State Senator Martin Sandoval.
The Companies have cooperated fully with the U.S. Attorney and intend to continue to cooperate fully and expeditiously with any government requests or inquiries. On June 21, 2019, the Exelon Corporation Board formed a Special Oversight Committee, consisting solely of independent directors, to oversee the Companies’ cooperation and compliance with the subpoena, any further action taken by the U.S. Attorney and any resulting actions that may be required or recommended. The Special Oversight Committee has engaged independent outside counsel to advise and assist the Committee.
You know it’s serious when a company creates an oversight committee like that with outside counsel.
…Adding… I should’ve added this for context, although it’s difficult to know for certain right now if this is, um, related…
Sandoval’s daughter, Angie, works for ComEd as a senior account representative.