Weeks before news surfaced of a proposed $500 million deal with ComEd to help plug the state budget deficit, legislative leaders in Springfield expressed a degree of interest in the idea, according to a senior executive with parent company Exelon. In statements to Crain's, legislators deny that they themselves proposed the controversial plan to guarantee above-market utility rates in exchange for the windfall. But both House Speaker Michael Madigan (D-Chicago), Senate President John Cullerton (D-Chicago) -- along with Gov. Pat Quinn -- admit that they knew ahead of time about ComEd's proposal.
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