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SEC now probing Exelon and ComEd lobbying

Posted in:

• Illinois

* Steve Daniels at Crain’s…

Add the Securities & Exchange Commission to the list of those wanting to learn more about Exelon and Commonwealth Edison’s lobbying.

Exelon disclosed that the agency notified the company on Oct. 22 of an investigation it had opened into Exelon and ComEd’s “lobbying activities,” according to the company’s quarterly filing today with the SEC. […]

Interestingly, the SEC probe may not be confined to lobbying in just Illinois, given that Exelon didn’t specify that in the latest disclosure. Exelon owns utilities in Philadelphia, Baltimore and Washington, D.C., as well as ComEd in Chicago.

On the company’s quarterly earnings call today, Exelon CEO Chris Crane was asked specifically whether the investigations into Exelon and ComEd’s practices were confined to Illinois. He declined to answer that, saying the company wasn’t in a position to talk in any detail about the probes other than to say it’s cooperating with all of them.

Yeah, but keep threatening to shut down those nuke plants.

posted by Rich Miller
Thursday, Oct 31, 19 @ 3:03 pm

Comments

1. The Governor’s office response is looking better and better by the second…

   Comment by Oswego Willy Thursday, Oct 31, 19 @ 3:11 pm

2. They had better re double their lobbying effort if they want to get their agenda passed before they all go to jail

   Comment by DuPage Saint Thursday, Oct 31, 19 @ 3:16 pm

3. hold on while I put on my tinfoil hat

   Could this be the trump administration trying to knock of energy companies so Russian companies can buy the companies after their stocks plummet in turn giving Putin control of the US energy providers

   Ok took my hat off all is good

   Comment by Publius Thursday, Oct 31, 19 @ 3:24 pm

4. “Could this be the trump administration trying to knock of energy companies so Russian companies can buy the companies after their stocks plummet in turn giving Putin control of the US energy providers”

   Or could it be that investigators have finally figured out how this company has been doing business for years.

   Comment by DD Thursday, Oct 31, 19 @ 3:46 pm

5. Honestly Hilarious

   Comment by Nick Thursday, Oct 31, 19 @ 3:55 pm

6. Might be related…

   https://www.businesswire.com/news/home/20191004005323/en/Agera-Energy-LLC-Files-Chapter-11-Protection

   https://www.nhbr.com/energy-supplier-puts-nh-in-a-bind/

   Comment by Anon221 Thursday, Oct 31, 19 @ 4:55 pm

7. The Utilities all ready seem to be run like Russian companies.

   Comment by Not a Billionaire Thursday, Oct 31, 19 @ 7:01 pm

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