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Violation Tracker Individual Record

Company: Exelon Corporation
Current Parent Company: Exelon
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $46,200,000
Year: 2023
Date: September 28, 2023
Offense Group: competition-related offenses
Primary Offense: fraud
Secondary Offense: kickbacks and bribery
Violation Description: The Securities and Exchange Commission charged Exelon Corporation, electric utility company Commonwealth Edison Company (ComEd), which is Exelon's subsidiary, and the former ComEd CEO 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.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: utilities and power generation
Specific Industry of Current Parent: utilities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.