UPDATE 1-US SEC hits Exelon with penalty for fraud, sues former exec

The U.S. securities regulator on Thursday fined Exelon and its subsidiary $46.2 million and filed a lawsuit against a former executive in connection with an alleged multi-year scheme to corruptly influence and reward a former Illinois politician. Exelon's public utility subsidiary Commonwealth Edison Company, or ComEd, arranged for associates of former Speaker of the Illinois House of Representatives Michael Madigan to get jobs, subcontracts and payments from 2011 to 2019, the Securities and Exchange Commission (SEC) said in a statement. The regulator filed a lawsuit against ComEd's former CEO Anne Pramaggiore in federal court in Illinois.