Mayor Lori Lightfoot is expected to introduce a tentative agreement her administration has reached with ComEd during Wednesday's City Council meeting.
The second is a so-called "Energy and Equity Agreement" setting economic impact objectives ComEd and the city will pursue together. That includes a goal of reducing carbon emissions 62% percent by 2040, as proposed in the city's Climate Action Plan.- $520 million for hundreds of energy and equity community benefit projects.- 400-plus solar education workshops for residents and businesses.
- At least 1,000 South and West Side residents will be hired for new construction worker/overhead helper and customer service roles. The mayor's office issued a brief statement that neither confirmed nor denied the agreement with ComEd. Martin pointed to increasing demand as the city moves to electrify its vehicle fleet along with the mayor's impending plan to de-carbonize large new buildings in Chicago.
"The idea that we would give it to unaccountable individuals to distribute as they see fit seems absolutely improper to me. We don't even have a Department of Environment yet. Why are we rushing to create an unaccountable non-profit when we are still in the process of standing up city entities that will be the lead drivers for us meeting a very, very ambitious Climate Action Plan?" he said.
At a time of rising prices, Hadden said what she wants most in a franchise agreement is "consumer protections for ratepayers," including an end to residential disconnections. Lightfoot had asked a consultant to study the feasibility of a municipal takeover of Chicago's electric service. The final report is expected to be released in August.
That resulted in a "deferred prosecution agreement" requiring the utility to pay a $200 million fine and cooperate with the continuing investigation. "I'm not going to tell you that the end justifies the means. I'm simply making the point that the investments that have been made in the system ... did not harm customers," he said.Once municipalization was taken off the table, Lightfoot was reduced to making demands of ComEd without the ultimate leverage.
LoriLightfoot Will do anything to line her pockets
Okayyyy.. She makes a deal making them rich and ComEd will be increasing our bills. She needs to go and ComEd needs to be investigated… We haven’t forgotten how many representatives and Alderman were involved with ComEd.
Bet she got some duffle bags of cash or crypto somewhere. I would like a audit on the current mayor. Make this happen.
Well, if you can't keep citizens safe, then at least make com-ed richer
It's another scam for Bronzeville for Black people only
You mean the company involved in a political scandal with Mike Madigan!!
Who cares I am waiting on are new mayor to redesign and rebuild the city of Chicago on February 28 I don't trust mayor LoriLightfoot at all period.
They better reject it….Let the new mayor deal with it
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