Mark Herr Communications Issues Statement Regarding the Sentencing of Anne Pramaggiore

CHICAGO--(BUSINESS WIRE)--Former Commonwealth Edison CEO Anne Pramaggiore, the only female CEO in the company’s history, who turned around a failing electric utility and turned it into one of the country’s best while cutting rates four times and reducing outages to historic lows, released the following statement today through a spokesman, Mark Herr Communications:

Statement

We are disappointed by the sentence imposed today. It is nearly impossible to reconcile the sentence– two years in prison – with the federal Probation Department’s recommendation of no jail time and probation.

The sentence is even harder to fathom when the bribery charges were vacated by the Court after the Supreme Court ruled in Snyder and the Government did not seek to retry those counts.

With no bribery conviction, the sentence rests solely on the Foreign Corrupt Practices Act allegations. There is nothing foreign or corrupt about the facts here.

In February when President Trump paused FCPA enforcement, he said the law “has been systematically, and to a steadily increasing degree, stretched beyond proper bounds and abused in a manner that harms the interests of the United States.”

That has happened here. Ms. Pramaggiore faces jail despite the documents at issue being true. Chicago is not a foreign jurisdiction.

Ms. Pramaggiore, a civic leader, trailblazing electric utilities executive, the only female CEO in Commonwealth Edison’s history -- and an innocent woman -- will appeal the verdict and sentence to the Seventh Circuit and, if necessary, to the Supreme Court.