Sunday, March 1, 2015

186: Corporate Charity

Recently, the Chicago Tribune did an excellent article on ComEd's (an operating unit of EXC) sleazy practice of taking money from ratepayers so that ComEd can then pass the money out to charities ComEd likes or needs.  Many corporations do this.  Some, blatantly ask you at the cash register if you want to donate this or that to some charity.  Only an idiot would say "yes" to that, but most people are idiots, so a lot of money gets raised for the company which then gets credit for the donations.  I always answer "no" to these requests.  I only wish I could say "no" to ComEd, but ComEd has the Illinois regulatory people practically on the ComEd payroll, so I along with all ratepayers will continue to get screwed.

After the above mentioned Tribune article, the CEO of ComEd, one Anne Pramaggiore, wrote a huffy and self-serving letter to the editor trying to defend ComEd's legal theft.  Do we really need Anne to decide who should be the beneficiaries of our largess?