Business

/

ArcaMax

Exelon Utilities CEO Anne Pramaggiore abruptly retires amid federal probe into Illinois lobbying

Ray Long and Jason Meisner, Chicago Tribune on

Published in Business News

Exelon Utilities CEO Anne Pramaggiore abruptly retired Tuesday amid a wide-ranging federal investigation that includes the company's lobbying activities at the Illinois State Capitol.

The announcement of Pramaggiore's retirement came less than a week after Exelon and ComEd acknowledged they had received a second subpoena in the probe. Authorities were looking for "communications" between the companies and state Sen. Martin Sandoval, a Chicago Democrat whose home and offices were raided by FBI agents last month.

In addition, the Illinois Senate was served with a search warrant late last month. The lengthy list of things authorities searched for included "items related to ComEd, Exelon, any employee, officer or representative of any of those businesses, Exelon Official A, Exelon Official B, Exelon Official C, Exelon Official D, and/or any issue supported by any of those businesses or individuals, including, but not limited to, rate increases."

A source with knowledge of the investigation told the Tribune that Pramaggiore is one focus of the ongoing federal probe.

On Tuesday, Pramaggiore declined an interview request through a spokesman at a crisis communications firm. ComEd spokeswoman Jean Medina said she could not comment about Pramaggiore's retirement beyond what was in a news release.

That statement, attributed to Exelon President Christopher M. Crane, thanked Pramaggiore "for her valuable service to Exelon and ComEd and the important contributions she made to enhance our utility operations throughout her tenure."

 

In last week's filing with regulatory authorities, the companies said they have "cooperated fully" with prosecutors' requests. To avoid potential conflicts of interest, Exelon has formed a special oversight committee "comprising solely independent directors and advised by independent outside legal counsel" to handle the matter, the statement said.

In June, ComEd first disclosed that the company and Exelon had received a federal grand jury subpoena "requiring production of information concerning their lobbying activities" in Illinois.

The ComEd lobbying investigation dates back to at least mid-May, when the FBI executed search warrants at the homes of former lobbyist Mike McClain of Quincy, a longtime confidant of House Speaker Michael Madigan; and ex-23rd Ward Ald. Michael Zalewski.

The information sought by the FBI included records of communications among Madigan, McClain and Zalewski about attempts to get ComEd lobbying work for Zalewski, the Tribune has reported.

...continued

swipe to next page
 

Comments

blog comments powered by Disqus