CHICAGO (WBBM NEWSRADIO) - Illinois Attorney General Kwame Raoul is imploring the Illinois Commerce Commission to consider revising last month’s decision that ComEd must refund customers $38 million as a result of a bribery scandal involving former Illinois House Speaker Michael Madigan. Raoul believes residents deserve more.
His office, the city of Chicago, and the Citizens Utility Board (CUB) applied on Tuesday for a rehearing request. The refund stems from ComEd using $200 million from its parent company, Exelon Corporation, to pay a fine issued by Feds in the 2020 Madigan bribery case.
Raoul’s office said the company’s payment method increased their value and thus resulted in them taking in $7 million more in customer revenues.
“ComEd should not be allowed to profit from its wrongdoing by using accounting tricks to collect more money,” Raoul said.
“ComEd charged customers an additional $7 million as a result of unnecessary and unreasonable accounting entries. The ICC should not allow ComEd to shift the impact of its DPA fine to customers by charging them millions of dollars every year. The ICC should reconsider its decision and ensure that ComEd customers receive the refunds they deserve,” Raoul added.
Raoul is looking for ComEd to refund customers that $7 million that they made in revenue.
The current $38 million refund would amount to about $5 per customer.
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