Call for hearing(s) on utilization of MBE/WBEs by Commonwealth Edison (ComEd) and associated spending for years 2022 and 2023
Chicago's underutilized contracts for lead service line replacements have impacted MBEs and WBEs, leading to layoffs and potential dissolution. ComEd, seeking franchise renewal, plans to recover construction costs from residents, using multinational, publicly traded corporations with less than 25% minority ownership for construction. The company counts these towards its MBE and WBE goals, promoting diverse spending. ComEd must provide the Chicago City Council's Committee on Economic, Capital and Technology Development with its MBE and WBE usage and spending for 2022 and 2023.