Defendant Name:
Exelon Corporation
Defendant Type:
Public Company
Document Reference:
2023-207
Document Details
Legal Case Name
In the Matter of Exelon Corporation and Commonwealth Edison Company
Document Name
SEC Charges Exelon, its Subsidiary Commonwealth Edison, and Subsidiary's Former CEO Anne Pramaggiore with Fraud in Connection with Political Corruption Scheme
Document Date
28-Sep-2023
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$46,200,000.00
Shared:
Other Defendants in Action: