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Afternoon roundup

Thursday, Aug 3, 2023 - Posted by Rich Miller

* Crain’s

Exelon has set aside more than $46 million in connection with the U.S. Securities & Exchange Commission’s four-year-old probe of lobbying by the company’s Commonwealth Edison utility.

The SEC probe, one of the final outstanding legal and regulatory matters stemming from ComEd’s nearly decade-long bribery scheme to curry favor with former Illinois House Speaker Michael Madigan, appears to be nearing resolution.

Exelon accrued $46.2 million in the second quarter for a potential payout in the SEC investigation, which remains ongoing, according to an SEC filing Wednesday. Chief Financial Officer Jeanne Jones confirmed to analysts in the company’s Wednesday earnings call that the money was set aside in connection with the SEC probe. […]

“You can see it’s treated similarly to how we had treated the initial [Deferred Prosecution Agreement] amount,” Jones told analysts, referring to how Exelon booked the charge. That suggests that — like the $200 million fine — Exelon won’t try to pass the cost along to ratepayers of ComEd and other utilities Exelon owns.

* ABC 7

State and local leaders were making a new push Thursday to get federal funding to help improve the rail infrastructure in the Chicago area.

The billion-dollar project would revamp Union Station and the surrounding tracks.

The lawmakers said this plan would continue to keep Chicago on the map as the third busiest transit hub in the country.

Gov. JB Pritzker, along with Sens. Dick Durbin and Tammy Duckworth, Congressman Mike Quigley, Mayor Brandon Johnson and other state and city leaders are proposing the $1.1 billion infrastructure plan, called the Chicago Hub Improvement Project, to the U.S. Department of Transportation.

* Leader Lightford…

– Building upon her steadfast commitment to ensure Illinois schools are taking a trauma-responsive approach, Senator Majority Leader Kimberly A. Lightford championed a new law to bring more training and resources to the education system.

“School officials should be equipped to identify the warning signs of mental illness, trauma and suicidal behavior in youth,” said Lightford (D-Maywood). “Training is crucial to encouraging appropriate trauma-responsive intervention and techniques in schools.”

The Whole Child Task Force establishes an equitable, safe, inclusive and supportive environment in all schools for students dealing with trauma and mental health issues. The task force collects data on adverse childhood experiences and trauma, as well as the total number of school counselors, social workers, nurses and psychologists in Illinois schools.

As a part of the Black Caucus’ Four Pillar Agenda that Lightford spearheaded, House Bill 342 implements recommendations to the Whole Child Task Force Report to improve schools in Illinois by ensuring that all schools are equipped with training and resources to meet the diverse trauma and mental health needs of their students.

Under the law, the Illinois State Board of Education would create a Children’s Adversity Index, which would measure community childhood trauma exposure across the population of children 3-18 years old by May 31, 2025.

“For all students to succeed in schools and beyond, we need to ensure every school is equipped to meet the diverse needs,” said Lightford. “We need to continue laying the foundation for Illinois to become a national leader in addressing student needs and well-being.”

House Bill 342 was signed into law Thursday.

* Bloomberg

Workers in the Midwest are coming into offices more often than the rest of the country, new research shows.

The region’s offices posted a 60% weekly average peak occupancy rate in the first half of the year, the highest in the nation by far, according to data from Basking.io, a workplace-occupancy analytics company.

The Northeast averaged just 24% peak occupancy over the same period. Midwestern offices also enjoyed more frequent visits compared with the rest of the US, with a greater share of people coming in four or five days a week. Basking.io calculates occupancy rates as a share of building capacity, as opposed to other workplace data providers who track attendance compared with a pre-pandemic baseline.

* Cook County LGBTQ Caucus

Dear Committeepeople:

We write today as LGBTQ+ electeds to urge you to support MWRD Commissioner Precious Brady-Davis for slating by the Cook County Democratic Party when you convene in August.

Not only is Commissioner Brady-Davis a history making candidate as the first Black trans woman appointed by the Governor to countywide office, she is prepared to hit the ground running in support of our diverse slate of candidates. She’s also uniquely qualified for the role of Commissioner at an unprecedented time of challenge for our wastewater system and by extension, our homes.

Commissioner Brady-Davis has genuine environmental justice credentials through her work with the Sierra Club for the last 6 years. More significantly, her communications skills from that job will be more important than ever as residents struggle to prepare for and deal with urban flooding.

While we have worked to diversify our county slate over the years, the inclusion of LGBTQ candidates has been spotty, at best. And the reality for all of us is that while we appreciate the role LGBTQ judges play in our court system, once they’re elected, they are largely invisible to the community at large, making it difficult for the community to grow our political power and visibility. We urge you to join us in supporting Commissioner Precious Brady-Davis for the 2 year MWRD term in August.

Signatories are at the link.

* WJBD

Congressional candidate and former Republican candidate for Governor Darren Bailey visited with those at the Marion County Fairgrounds Wednesday night. […]

Bailey says there is no way that Joe Biden will be the Democratic candidate for President. He expects the candidate will either be Illinois Governor JB Pritzker or California Governor Gavin Newsom because of the personal wealth they can bring to the campaign.

* Isabel’s roundup…

       

2 Comments
  1. - Give Us Barabbas - Thursday, Aug 3, 23 @ 3:54 pm:

    Vince Speranza was one of a kind. The ALPLM oral history department has detailed interviews on audio and video about his life and his unique spot in the Battle of the Bulge/ Bastogne. Worth checking out


  2. - Dotnonymous x - Thursday, Aug 3, 23 @ 3:57 pm:

    Go Illinois!…third best place to get hammered while looking out for the hammerhead worms.


Sorry, comments for this post are now closed.


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