Just 29 days before an election that could make her a lame duck, Mayor Lori Lightfoot on Monday asked Chicago City Council members to quickly approve a new, 15-year franchise agreement with ComEd.
In virtual briefings with city council members over the last few days, aides to the mayor described hundreds of millions of dollars in social equity projects that the electric utility giant has agreed to finance.
"Well this is a bum deal for everyday people and businesses in Chicago. Commonwealth Edison by its own admission announced that they committed bribery and paid a $200 million fine to the government, but they paid nothing back to consumers because of their wrongdoing," said former Illinois Gov. Pat Quinn."And so anytime the city is doing a franchise agreement, they must have something that gives money back to the customers because of their wrongdoing.
"Productive discussions have continued between the city and ComEd to arrive at an agreement that will meet the mayor’s goal to support reliable and equitable transition to a clean energy future for all of Chicago’s communities," the statement said. A ComEd headquarters building, July 17, 2020, in the 3400 block of North California Avenue in Chicago.
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