Free Illinois Commerce Commission Accountability and Ethics Questions and Answers — Questions and Answers
Question 1: Which of the following changes did Commonwealth Edison (ComEd) implement in 2025 as part of its ethics and compliance program?
- Updating its Code of Business Conduct and guidelines on political contributions.
- Transitioning executive oversight of the Enterprise Risk Management function.
- Enhancing cybersecurity resources to comply with applicable obligations.
- All of the above. (Correct answer)
Correct answer: All of the above.
ComEd implemented several material changes in 2025, including updating its Code of Business Conduct, guidelines on political contributions, transitioning executive oversight of the Enterprise Risk Management function, and enhancing cybersecurity resources.
Question 2: What is the role of Ameren's Compliance Committee in the 2025 Annual Ethics Audit?
- To assess and assign regulatory responsibilities, provide a forum for sharing information, and review compliance issues facing the company. (Correct answer)
- To investigate any potential ethics violations and recommend disciplinary actions.
- To conduct the annual compliance risk assessment and report findings to senior management.
- To provide training on the company's Code of Ethics to all employees.
Correct answer: To assess and assign regulatory responsibilities, provide a forum for sharing information, and review compliance issues facing the company.
Ameren's Compliance Committee has been created to assess and assign regulatory responsibilities, provide a forum for sharing information, and review compliance issues facing the company.
Question 3: What is the purpose of Peoples Gas and North Shore Gas' 2025 annual internal audit?
- To test the effectiveness of the company's key internal controls designed by management.
- To review and reconcile all items entered into the company's general ledger.
- To confer with the external auditor, Deloitte & Touche, regarding any internal control deficiencies.
- All of the above. (Correct answer)
Correct answer: All of the above.
Peoples Gas and North Shore Gas perform an annual internal audit that includes independent testing of key internal controls designed by management and on a monthly basis all items entered into the company's general ledger are reviewed and reconciled for accuracy and reasonableness.
Question 4: Which public utility did not file its annual ethics report with the Illinois Commerce Commission as required by the Climate and Equitable Jobs Act (CEJA)?
- Commonwealth Edison
- Mid-American Energy Company (Correct answer)
- Ameren Illinois Company
- Northern Illinois Gas Company
Correct answer: Mid-American Energy Company
Mid-American Energy did not file their annual report in May of 2025 per statute.
Question 5: What is the main purpose of the Annual Ethics Audit published by the Illinois Commerce Commission's Office of Accountability and Ethics?
- To provide an overview of the ethics and compliance programs of all public utilities in Illinois.
- To highlight the disciplinary actions taken by public utilities against employees for ethical violations.
- To summarize the implementation of the new requirements under the Climate and Equitable Jobs Act (CEJA) (Correct answer)
- To recommend changes to the ethics and compliance policies of the Illinois Commerce Commission.
Correct answer: To summarize the implementation of the new requirements under the Climate and Equitable Jobs Act (CEJA)
Annual Ethics Audit must contain a summary of each electric and gas public utility's internal controls, policies, practices, and procedures to comply with statutes, rules, court orders, or other applicable authority.
Free Illinois Commerce Commission Accountability and Ethics Questions and Answers
Which of the following changes did Commonwealth Edison (ComEd) implement in 2025 as part of its ethics and compliance program?