While the House of Representatives debated cap and trade legislation last year, Emanuel asked Exelon executives to pressure undecided members of Congress. Asked about this cozy relationship, Elizabeth Moler, who was then Exelon’s top lobbyist, told Forbes, “We are proud to be the president’s utility.

By: Mark Hemingway at Washington Examiner

EXCERPTS:

While working at the investment bank Wasserstein Perella, Emanuel helped put together the merger between Chicago utility company Unicom and Philadelphia utility Peco to create a mega-utility known as Exelon Corporation.

Exelon officials hatched an unusual plan to use government to make their company more profitable: leverage fears about global warming to help federal politicians and bureaucrats hamstring Exelon’s rivals through Obama’s proposed cap-and-trade anti-global warming program.

That’s quite a handsome return on the $29.8 million Exelon has spent on lobbying contracts from 2000 to 2009.

While the House of Representatives debated cap and trade legislation last year, Emanuel asked Exelon executives to pressure undecided members of Congress. Asked about this cozy relationship, Elizabeth Moler, who was then Exelon’s top lobbyist, told Forbes, “We are proud to be the president’s utility.

FULL STORY

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