FREE Illinois Commerce Commission Accountability and Ethics 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?

Accepted Answer

All of the above.

Answer

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?

Accepted Answer

To assess and assign regulatory responsibilities, provide a forum for sharing information, and review compliance issues facing the company.

Answer

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?

Accepted Answer

All of the above.

Answer

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)?

Accepted Answer

Mid-American Energy Company

Answer

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?

Accepted Answer

To summarize the implementation of the new requirements under the Climate and Equitable Jobs Act (CEJA)

Answer

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.

ICC - Illinois Commerce Commission Certified Contractor Practice Test

ICC - Illinois Commerce Commission Certified Contractor Practice Test

FREE Illinois Commerce Commission Accountability and Ethics Questions and Answers