Defendant Name: Commonwealth Edison Company

Defendant Type: Subsidiary of Public Company
Public Company Parent: Exelon Corporation
SIC Code: 4911
CUSIP: 30161N10

Initial Case Details

Legal Case Name In the Matter of Exelon Corporation and Commonwealth Edison Company
First Document Date 28-Sep-2023
Initial Filing Format Administrative Action
File Number 3-21761
Allegation Type Issuer Reporting and Disclosure
AAER 4467

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Securities Act
• Sec 17(a)(2)

Resolutions

First Resolution Date 28-Sep-2023

Related Documents:

33-11248 28-Sep-2023 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On September 28, 2023, the SEC instituted settled cease-and-desist proceedings against Exelon Corporation and Commonwealth Edison Company, stating: "These proceedings arise out of violations of the antifraud, books and records, and internal accounting control provisions of the Securities Act and the Exchange Act by Respondents as a result of a multi-year scheme by ComEd to corruptly influence and reward Michael Madigan (“Madigan”), the then-Speaker of the Illinois House of Representatives, for his assistance with respect to legislation affecting ComEd’s business. The scheme occurred from around 2011 through 2019 and involved ComEd arranging for various Madigan associates to obtain jobs, vendor subcontracts, and monetary payments associated with those jobs and vendor subcontracts, for the benefit of Madigan and Madigan’s associates, with the intent to influence and reward Madigan."
2023-207 28-Sep-2023 Press Release--Administrative Proceeding
SEC Charges Exelon, its Subsidiary Commonwealth Edison, and Subsidiary's Former CEO Anne Pramaggiore with Fraud in Connection with Political Corruption Scheme
On September 28, 2023, the SEC stated that: "[It] charged Exelon Corporation, electric utility company Commonwealth Edison Company (ComEd), which is Exelon’s subsidiary, and former ComEd CEO Anne Pramaggiore with fraud in connection with a multi-year scheme to corruptly influence and reward then-Speaker of the Illinois House of Representatives Michael Madigan. Exelon and ComEd agreed to settle the charges, with Exelon paying a civil penalty of $46.2 million. The charges against Pramaggiore will be litigated."
34-99039 29-Nov-2023 Administrative Proceeding
Extension Order
The Commission ordered: "the Division’s request for an extension of time until December 4, 2024 to submit a Proposed Plan of Distribution is granted."

Other Defendants in Action:

Exelon Corporation

Related Actions:

SEC v. Anne Pramaggiore
Anne Pramaggiore