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* ComEd, shocked by high interest rates, may pass costs to customers
ComEd, a division of Exelon Corp., is obligated to service a whopping $343 million in auction-rate, tax-exempt debt—pollution-control bonds with interest rates that in some cases have jumped from about 3.5 percent to as high as 12 percent.
* A decade for dismantling nuclear plant
* Madigan subpoenas mortgage companies
* Study: Death penalty flaws still exist
The report cites 31 death penalty cases across Illinois in the past five years that ended in acquittals on murder offenses, including six in 2007.
* Begalka: Illinois arts budget woes hitting close to home
* Mayors seek an end to pension sweeteners
* Fire, police pension sweeteners targeted
Beaubien is sponsoring House Bill 4905, which would require analyses of how pension bills for police and firefighters will affect finances for specific cities around the state.
* Ban intact…so far
Spurning another effort to modify the new statewide smoking ban, an Illinois House committee on Tuesday voted against a proposal that would allow businesses to buy special licenses if they want to permit indoor smoking.
* Horse Slaughter Beat Back in Committee
* Universities get to unveil ‘true needs’
* Illinois House honors Hastert
* Lawmakers honor NIU shooting victims
* Dem group expected to hold convention here
* Lewandowski new chairman of Winnebago County Democrats
* Sutcliff new top Kendall Democrat
* Kendall GOP gets new chief
* Fred Wickham Wins Contested McHenry County GOP Central Committee Officer Race
* Nearly 100 homes along Rock River evacuated
* A New Twist on an Old Trick
* Council hits delay in new cop training
“We’ve had eight shootings over the weekend, [four] homicides, and we’re here dilly-dallying, talking about 50 [veteran officers] still behind the desk, turning classes away and all of our wards are in need of police protection,” said Police Committee Chairman Isaac Carothers (29th).
* Chicago links school cameras to 911 center
* Friday Beer Blogging: Belt Buckle Edition
posted by Kevin Fanning
Friday, Mar 7, 08 @ 9:07 am
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Regarding the CTA story, Ron Huberman continues to impress — seems like the real deal as a policy wonk, and now he has a lot of political experience to go with it after his time at CPD and Daley’s chief of staff.
As a daily CTA rider, I hope he stays awhile to get things done. But I’d be curious to know what his ultimate ambitions are.
Comment by wordslinger Friday, Mar 7, 08 @ 10:15 am
The rates that the COMED article talks about are subsiding back to preceding levels. There have been huge problems in the debt market — a fall out from the sub prime debacle and its effect on Bond insurers.
Most recently, there was a huge dump by the hedge Funds of their municipal portfolios.
I hope the Medill kids will follow up on this matter. We deserve to see retreat from crisis city.
Can’t tell from the article, but I am surprised that COMED did not swap out from variable to fixed rate a portion of that debt. to control the upside. They may have, but it is in their interest to tell the regulators to include changes in debt service as part of their rate base.
Comment by Truthful James Friday, Mar 7, 08 @ 11:31 am