The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing Rights
WASHINGTON, Sept 28 (Reuters) – The U.S. Securities and Exchange Commission on Thursday settled fraud charges over a political corruption scheme against Exelon Corp (EXC.O) and its unit Commonwealth Edison Company (ComEd).
Exelon and ComEd agreed to settle the charges, with Exelon paying a civil penalty of $46.2 million while the charges against former ComEd CEO Anne Pramaggiore will be litigated, the SEC said in a statement.
The charges were related to fraud in connection with a multi-year scheme to corruptly influence and reward then-Speaker of the Illinois House of Representatives Michael Madigan.
Reporting by Kanishka Singh in Washington
Editing by Chris Reese
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