Mayor Lori Lightfoot urged City Council members to extend ComEd’s lucrative contract for 15 years in return for at least $100 million from the beleaguered utility giant to be used in the city’s fight against climate change.
Mayor Lori Lightfoot urged members of the Chicago City Council on Monday to extend Commonwealth Edison’s lucrative contract for 15 years in return for at least $100 million from the beleaguered utility giant to be used in the city’s fight against climate change.
“This is a huge issue to drop four weeks before an election,” said Ald. Matt Martin, whose bid for another term representing the North Side’s 47th Ward is unopposed. “That’s a real red flag,” Martin said, asking why a new nonprofit organization should be created to administer funds designed to benefit Chicagoans. “The city should make those decisions.”
“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,” Lightfoot press secretary Cesar Rodriguez said in a statement.
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