Thursday, February 08, 2007

PECO Named in Fumo Probe

KYW News Radio:

One matter in the lengthy federal indictment of State Senator Vincent Fumo is a $17 million donation made by PECO to Fumo’s non-profit agency.

The grand jury says Fumo persuaded PECO to donate a total of $17 million dollars to the non-profit Citizens Alliance group.

The payments came in the settlement of two issues involving PECO before the state Public Utility Commission. One matter was energy deregulation in 1998, and the other was a PECO merger in 2000.

(see related story)