Anne Pramaggiore

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Anne Pramaggiore
Personal details
Education Miami University (BFA)
DePaul University (JD)

Anne Pramaggiore is a retired American businesswoman. She served as senior executive vice president and CEO of Exelon Utilities, which oversees energy company Exelon Corporation's six gas and electric utility companies. [1] Notably, she also served as the first female president and CEO of ComEd, one of Exelon’s subsidiaries. In October 2019, she announced her retirement amid a federal probe into ComEd's efforts to bribe the former Speaker of the Illinois House. [2] Pramaggiore was indicted in November 2020 [3] on nine counts of conspiracy, bribery and willfully falsifying ComEd’s books and records. She was convicted on all charges in May 2023. [4]

Contents

Early life and education

Anne Pramaggiore was born on August 9, 1958, to Alfred Pramaggiore and Jeanne Lacy Pramaggiore. [5] Alfred Pramaggiore was born in Brooklyn, New York, to parents who emigrated from Italy. After graduating from City College of New York, Alfred pursued a career as a civil engineer. [6] Jeanne Lacy Pramaggiore was a girl scout leader who later worked on political campaigns. She also served as a president of the Ohio Genealogical Society. [7]

Pramaggiore graduated from Miami University in Oxford, Ohio in 1980 with a bachelor's degree in theater. [8] She later attended DePaul University College of Law and served as the editor-in-chief of the school's Law Review. She earned her law degree in 1989. [8]

Career

While still living in Ohio, Pramaggiore completed the management training program at Elder Beerman Department Store. [9] She went on to become an assistant department manager at the store and then became a buyer for Snyder's Department Store in Louisville, Kentucky. [10] [7] [9]

After attending law school, Pramaggiore took a position as a clerk in the U.S. District Court for the Northern District of Illinois under Judge Charles P. Kocoras. She considered Judge Kocoras a 'significant mentor.' [11] She clerked from 1989 to 1990. She next became an associate and eventually a partner at the law firm of McDermott Will & Emery, remaining there until 1998. [7]

Commonwealth Edison

Pramaggiore joined Commonwealth Edison (ComEd) as an attorney focused on deregulation and was named senior vice president at the utility in 2006. She was promoted to president and CEO of the utility in February 2012. [12] She was the first female to hold the post of president and CEO at the electric utility. Known as ComEd, the company delivers electricity to more than four million customers in Chicago and Northern Illinois. [9]

At ComEd, Pramaggiore set the legislative framework for the company's smart grid build out, which has become a national model. [13] Under her leadership, ComEd "worked closely with the community solar industry" to implement a 2016 law called the Future Energy Jobs Act which created incentives for using more energy from solar and other renewable sources. [14]

Exelon Utilities

In May 2018, Pramaggiore was named senior executive vice president and CEO of Exelon Utilities, where she oversaw ComEd and five other gas and electric utility companies. [15]

Federal criminal charges

In October 2019, Pramaggiore resigned her position as Exelon CEO amidst a federal investigation into ComEd’s lobbying activities. [16] On November 18, 2020, Pramaggiore and three others were indicted on charges of bribery conspiracy, bribery and falsifying business records. The four were accused of illegally influencing and rewarding Michael Madigan, former long-time speaker of the Illinois House of Representatives. [17] Madigan was charged in a separate indictment and awaits trial. [18]

On May 2, 2023, Pramaggiore and her co-defendants were found guilty on all charges. In July 2023, her license to practice law in Illinois was suspended due to her criminal convictions. [19] Pramaggiore is scheduled to be sentenced on January 16, 2024. [20] [21]

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References

  1. ↑ staff, Chicago Tribune. "ComEd names new CEO as Anne Pramaggiore takes role at Exelon". chicagotribune.com. Retrieved 2018-05-24.
  2. ↑ Meisner, Ray Long, Jason (16 October 2019). "Exelon Utilities CEO Anne Pramaggiore abruptly retires amid federal probe into Illinois lobbying". chicagotribune.com. Retrieved 2020-06-05.{{cite web}}: CS1 maint: multiple names: authors list (link)
  3. ↑ "Former Commonwealth Edison Executives and Consultants Charged With Conspiring to Corruptly Influence and Reward State of Illinois Official". Justice.gov. 2020-11-18.
  4. ↑ "Former Commonwealth Edison Executives and Associates Found Guilty of Conspiring To Influence and Reward Former Illinois House Speaker". 2023-05-02.
  5. ↑ "What is ComEd CEO Anne Pramaggiore's Biggest Challenge?" . Retrieved 2018-05-24.
  6. ↑ "Obituary for Alfred Pramaggiore - Dayton, Oh, OH". www.memorialsolutions.com. Retrieved 2018-05-24.
  7. 1 2 3 Pramaggiore, Anne R. (2012-07-07). "Anne Pramaggiore of ComEd, and an Eclectic Career Path". The New York Times. ISSN   0362-4331 . Retrieved 2018-05-24.
  8. 1 2 "In The Spotlight: Anne Pramaggiore '80 - College of Creative Arts - Miami University". www.miamioh.edu. Retrieved 2018-05-24.
  9. 1 2 3 "ComEd's president charged with bringing change to utility". tribunedigital-chicagotribune. Retrieved 2018-05-24.[ dead link ]
  10. ↑ "Anne Pramaggiore | Women Worth Watching". www.womenworthwatching.com. Retrieved 2018-05-24.
  11. ↑ "Women in Business Q&A: Anne Pramaggiore, CEO, ComEd". HuffPost UK. 2016-02-16. Retrieved 2018-05-24.
  12. ↑ "Anne R. Pramaggiore: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 2018-05-24.
  13. ↑ "Smart Electric Power Alliance | SEPA". SEPA. Retrieved 2018-05-24.[ permanent dead link ]
  14. ↑ "Illinois energy reform set to shape new solar business models for utilities". Utility Dive. Retrieved 2018-05-24.
  15. ↑ Staff Report. "Exelon names key executives to new posts". Dispatch-Argus-QCOnline. Retrieved 2018-05-24.
  16. ↑ "Exelon Utilities CEO Anne Pramaggiore abruptly retires amid federal probe into Illinois lobbying". Chicago Tribune. 16 October 2019. Retrieved 2023-05-15.
  17. ↑ "Lisa Madigan defends dad's post". Chicago Sun-Times . 2002-09-21. Archived from the original on 2012-10-22. Retrieved 2008-11-09.
  18. ↑ "Ex-House Speaker Michael Madigan, long the state's most powerful pol, indicted on federal racketeering charges". Chicago Tribune . 2 March 2022.
  19. ↑ "Two ComEd defendants are stripped of their ability to practice law in Illinois". WBEZ Chicago. 2023-07-17. Retrieved 2023-07-18.
  20. ↑ Seidel, Jon; Sfondeles, Tina (2 May 2023). "Four defendants in ComEd bribery trial found guilty on all counts". Chicago Sun-Times. Retrieved 2 May 2023.
  21. ↑ "'ComEd Four' Scheduled to be Sentenced in January 2024". WTTW News. Retrieved 2023-05-15.
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