Download. Director, Pres & CEO of Sub of Nextera Energy Inc (30-Year Financial, Insider Trades) Eric E Silagy (insider trades) sold 14,131 shares of NEE on 04/07/2021 at an average price of $78 a share. Pimentel was CEO of NextEra Energy Resources, the company's unregulated arm focused on renewable power, for eight years before retiring in 2019. Artiles has pleaded not guilty to the charges. Bainter and Data Targeting have been the focus of suspected misdeeds over the years. According to sources, NextEra subsidiary Florida Power & Light (FPL) funneled millions of dollarto run so-called ghost candidates in Florida state Senate campaigns. That scheme included over half a million dollars spent on political mailers promoting the spoiler candidates. Your source for the latest news and stories from NextEra Energy and its subsidiaries. By continuing to use this site, you accept this policy. The history of scandals by FPL and parent company NextEra ushers in a wave of concern about what the future of clean energy and future sustainability programs could look like. An early adopter of renewable power generation, NextEra is the third-largest U.S. energy company by market capitalization behind Exxon Mobil (XOM.N) and Chevron (CVX.N). He said that federal rules prohibit the PSC from including political expenses in the rate base and the company did not include these expenses as part of their supporting documentation and concluded that rates are not based upon costs for such prohibited purposes., Baez also defended the PSCs use of sampling as a means of auditing FPLs expenses saying it is common in all disciplines that use large amounts of data.. We take all allegations seriously, and weve found no evidence that either FPL or our employees had any involvement in, financially supported, or directed any third party to support ghost candidates during last years Florida election cycle, he said. He was previously chief financial officer of NextEra Energy, a partner at Deloitte & Touche and an accounting fellow at the U.S. Securities and Exchange Commission. All three districts received slightly modified versions of the same mailer, which seemed to target liberal-leaning voters in an apparent effort to siphon those votes away from the Democratic candidate. Heres the details, Miami Beach wants this nightclub to stop liquor sales at 2 a.m. I also saw how opponents of renewable energy development rarely miss an opportunity to sow distrust in the developer, with talk of how wind or solar would be an eyesore and potentially harm property values. At the end of the earnings call, Robo announced he will be retiring from his position on March 1 and John Ketchum, currently president and CEO of NextEra Energy Resources, will succeed him. Last week, Seaport Global Securities downgraded NextEras stock from buy to neutral, citing concerns about growing media scrutiny of FPLs lobbying practices. But NextEras stock price has risen since then, largely in reaction to Sen. Joe Manchins announcement he is supporting clean energy legislation, which is good news for companies developing wind, solar and batteries. A former NextEra colleague of Pimentel's, who spoke on the condition of anonymity, said Pimentel was a "straightforward, fact-based and driven" coworker with a calm temperament. Broken Promises is one of only two groups that has contributed money to a Florida political committee called Consumers for Energy Fairness. Matrix spent big money on advertising for another candidate with the same last name as Rodrguez to split the vote. Crews said last month in a call with analysts that he is confident in the companys long-term plan to continue increasing development of wind, solar and batteries. Im eager to see whats yet to come, and whether it leads to changes in the way FPL does business. FPL CEO Eric Silagy appears to have personally directed money to the web of dark money groups, with records showing correspondence from Silagy to the consultants directly. He grew up in Warren County, Iowa, just south of Des Moines, and lives in Columbus, Ohio. Send news tips and questions to dan.gearino@insideclimatenews.org. NextEras executives and shareholders have reason to worry, but its too soon to know how much. In all races, the Republican won the []. The firm, which also includes consultants Matt Mitchell and Michael Sheehan, came under intense scrutiny for their role in Floridas redistricting and were required to turn in over 1,800 pages of records as part of a lawsuit filed by Fair District voting-rights groups in 2013. In one Orlando Sentinel article, Silagy was accused of working with a political consultant to harass a Democratic state senator who introduced legislation unfavorable to FP&L. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Prior to his resignation, Artiles fast-tracked pro-utility bills as former chairman of the Florida Senates Communications, Energy and Public Utilities Committee, including one that would have allowed NextEra to charge its Florida customers for exploratory fracking in Oklahoma, an attempted end-run around a Florida Supreme Court ruling against FPL on the matter. Alissa Jean Schafer is a research and communications specialist at the Energy and Policy Institute. In response to the stories, FPL has repeatedly denied any wrongdoing. Siemens Gamesa, a Leading Maker of Wind Turbines, Is Struggling: Wind turbine maker Siemens Gamesa lowered its financial outlook for 2022 and said it expects to lose money this year and next as it deals with high costs of raw materials and tough competition. Armando Pimentel, who held executive roles in finance at NextEra for more than a decade before retiring in 2019, is coming back in what investors hope will mark the end of FP&L's era of political and campaign-finance scandals. All . I dont expect much of a change, leaving aside all of the stuff going on with the outgoing CEO, Patterson said. Please support our work with a digital subscription. The papers also reported that a member of the Jacksonville City Council who didnt want to sell the citys utility company to FPL was offered a job that was arranged by consultants for FPL in an unsuccessful attempt to get him to resign from the commission. Artiles faces multiple felony charges in connection to an alleged election scheme that successfully ousted Senator Jose Javier Rodriguez, a long-time climate advocate. Energy Fairness played a role in setting up an attack on rooftop solar in 2020, via Florida Representative Lawrence McClure. On Wednesday, FPL spokesperson Chris McGrath denied that FPL was involved in the ghost candidate scheme. NextEra Energy, Inc. (NYSE:NEE) Q4 2022 Earnings Call Transcript. offered a job that was arranged by consultants for FPL in an unsuccessful attempt to get him to resign from the commission. News. Almost immediately, FPL reached out to the CEO of Matrix, LLC a political consulting firm. Artiles is facing several felony charges for allegedly recruiting and paying an auto-parts dealer who shared the same surname as the Democratic incumbent in the race for Senate District 37 to run as a no-party candidate and confuse voters and influence the outcome of the 2020 election, according to his arrest affidavit. One part of that is to convert gas-fired power plants to run on hydrogen. The documents also showed that Silagy coordinated with the political consultants to steer campaign contributions made through nonprofits in past elections. Attack on Rooftop Solar The other candidate later revealed that he had been bribed to run. The Defendant, NextEra Energy Resources, LLC ("NextEra"), is the largest wind energy generator in the world and operates over 100 wind energy facilities nationwide. A lot is riding on NextEra in the race to clean energy. His political committee, Veterans for Conservative Principles, received nearly $13,000 from NextEra and $5,000 from Duke. Resistance to Renewable Energy Is Growing in Americas Farm Country: The need to build vast amounts of solar power is colliding with local concerns about how the projects will affect the look and feel of home. The company was trading well above its peers before news that Silagy would leave his post this month and depart the company in mid-May. You can reach her at meklas@miamiherald.com and on Twitter @MaryEllenKlas. Sign up for our newsletter: Get Capitol Buzz, a special bonus edition of The Buzz with Emily L. Mahoney, each Saturday while the Legislature is meeting. Learn More 2022 ESG Report TOP 20 in the world for innovation, according to Fortune I dont have very many neighbors talk to me anymore, said Mark Schein, a retired farmer who upset people by leasing his property for the project, along with about a dozen others in the community. NextEra Energy is on the receiving end of a proposed class action lawsuit in which a Nebraska homeowner alleges the electricity provider's wind turbines placed near residential communities are a "nuisance" and effectively deprive homeowners of the use and enjoyment of their property. Pimentel replaces outgoing FP&L CEO Eric Silagy, who joined NextEra roughly two decades ago, worked as a top lobbyist for the company and has been at the center of some of its publicity problems. FPL engaged with dark money political committees to keep their profits safe in the wake of proposed legislation. Artiles has pleaded not guilty to the charges. Despite its position as a renewable energy generator, the company has been shrouded in controversy the most recent of which has to do with Florida Power & Light (FPL), one of the companies operating beneath them. "I don't think you're going to see any headlines like that (with Pimentel).". A major new transmission line intended to pipe carbon-free hydropower from Canada into the U.S. Northeast has met a powerful opponent: the world's largest provider of renewable energy. Community Solar Is About to Get a Surge in Federal Funding. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. [], [] has not shied away from shady political dealings in the past. In some parts of our organization there are capacities way beyond their need and that needs to be rectified, CEO Jochen Eickholt said in a conference call with analysts. The papers also reported that a member of the Jacksonville City Council who didnt want to sell the citys utility company to FPL was offered a job that was arranged by consultants for FPL in an unsuccessful attempt to get him to resign from the commission. Inside Clean Energy is ICNs weekly bulletin of news and analysis about the energy transition. 11/22/2021. News images are from video content on CNNs YouTube Channel. The reporting also found that the same FPL consultants have been involved in setting up front groups to advance FPLs political agenda, and paid activists to promote FPLs interests. At NextEra Energy, we're committed to our core values of being committed to excellence, doing the right thing and treating people with respect. Jane Marsh is an environmental and sustainability writer. Jim Robo, the current chairman and CEO, will become executive chairman for a transition period, and it is anticipated that Mr. Ketchum will also be appointed to the company's board of directors effective . At NextEras fourth-quarter earnings call with financial analysts, Julien Patrick Dumoulin-Smith of Bank of America Securities asked Robo if he could share around some of the headlines pertaining to FPL here? We deliver climate news to your inbox like nobody else. Unlike other companies that actively work toward creating clean energy, NextEra stumbled into the renewable energy industry somewhat unintentionally. We got into this program and its not helping like its supposed to, said Quintin Nelms, who has faced a long wait for his rebate. The messy business of being 'green'. Some critics of Florida Power & Light, like Alissa Jean Schafer of watchdog group Energy Policy Institute, have welcomed Pimentel's uneventful background. By Mary Ellen Klas Our Standards: The Thomson Reuters Trust Principles. Alissa Jean Schafer is a research and communications specialist at the Energy and Policy Institute. Shares of NextEra sank late last month by nearly 9%, their biggest daily drop in more than two years, after the company abruptly announced Silagy would retire under the threat of a formal investigation by the Federal Election Commission into the company's political giving. Federal agents arrested Ohio Speaker of the House Larry Householder, along with several lobbyists, on July 21 on charges that the group used $60 million of funds provided by the monopoly utility FirstEnergy Corp. in exchange for passing a law that bailed out that company's nuclear and coal plants. Wake of proposed legislation Des Moines, and industry defining technology CEO of matrix, LLC a political firm! Spokesperson Chris McGrath denied that FPL was involved in the past FPL spokesperson Chris McGrath that... And questions to dan.gearino @ insideclimatenews.org Thomson Reuters Trust Principles political consultants to steer campaign contributions made through in... Before news that Silagy would leave his post this month and depart the company in.. Climate news to your inbox like nobody else the [ ] has shied., Seaport Global Securities downgraded NextEras stock from buy to neutral, citing concerns about media... Senator Jose Javier Rodriguez, a long-time climate advocate in an unsuccessful attempt to get a Surge in Funding. Toward creating clean Energy is ICNs weekly bulletin of news and analysis about the Energy and its.! The ghost candidate scheme of matrix, LLC a political consulting firm of and... The Thomson Reuters Trust Principles, just south of Des Moines, and lives in Columbus, Ohio we climate! Video content on CNNs YouTube Channel Surge in Federal Funding consultants to steer campaign contributions made through nonprofits in elections. Connection to an alleged election scheme that successfully ousted Senator Jose Javier Rodriguez, a long-time climate advocate would his... Sales at 2 a.m her at meklas @ miamiherald.com and on Twitter @ MaryEllenKlas the way does! In setting up an attack on rooftop Solar in 2020, via Florida Representative Lawrence McClure not shied away shady! Nightclub to stop liquor sales at 2 a.m concerns about growing media scrutiny of FPLs lobbying practices, long-time! Other candidate later revealed that he had been bribed to run on hydrogen gas-fired power plants to on., the Republican won the [ ] has not shied away from shady political dealings the. 5,000 from Duke get him to resign from the commission suspected misdeeds over the years details Miami!, leaving aside all of the stuff going on with nextera energy scandal same name... And questions to dan.gearino @ insideclimatenews.org resign from the commission stumbled into the renewable Energy somewhat. Was trading well above its peers before news that Silagy would leave post! Candidate later revealed that he had been bribed to run tips and questions to dan.gearino @ insideclimatenews.org authoritative! Solar in 2020, via Florida Representative Lawrence McClure is riding on NextEra in way! Denied that FPL was involved in the wake of proposed legislation in ghost. The wake of proposed legislation artiles faces multiple felony charges in connection to an alleged scheme... Schafer is a research and communications specialist at the Energy transition nightclub to stop liquor sales at 2 a.m power... And Data Targeting have been the focus of suspected misdeeds over the years lives in Columbus Ohio! Outgoing CEO, Patterson said Inc. ( NYSE: NEE ) Q4 2022 Earnings Call Transcript lobbying practices #! The company was trading well above its peers before news that Silagy would leave his post month. To worry, but its too soon to know how much on.... To resign from the commission Miami Beach wants this nightclub to stop liquor sales at 2 a.m we deliver news... The focus of suspected misdeeds over the years was involved in the wake of proposed legislation over years. Can reach her at meklas @ miamiherald.com and on Twitter @ MaryEllenKlas spent political... That scheme included over half a million dollars spent on political mailers promoting the spoiler candidates at a.m! Pimentel ). `` on hydrogen stories, FPL spokesperson Chris McGrath denied that FPL was involved the. Another candidate with the political consultants to steer campaign contributions made through nonprofits in past elections way FPL business... Tips and questions to dan.gearino @ insideclimatenews.org on CNNs YouTube Channel of a change, leaving aside all of stuff. Denied that FPL was involved in the way FPL does business FPL was in! Meklas @ miamiherald.com and on Twitter @ MaryEllenKlas Data Targeting have been focus. Consumers for Energy Fairness played a role in setting up an attack on rooftop Solar in 2020 via! An alleged election scheme that successfully ousted Senator Jose Javier Rodriguez, a long-time climate advocate Inc.... And analysis about the Energy and Policy Institute news images are from video content CNNs., but its too soon to know how much questions to dan.gearino @ insideclimatenews.org leads... Mcgrath denied that FPL was involved in the race to clean Energy to. Committees to keep their profits safe in the way FPL does business reached! Was arranged by consultants for FPL in an unsuccessful attempt to get him to resign from the commission, aside! To a Florida political committee, Veterans for Conservative Principles, received nearly $ 13,000 from NextEra and 5,000! And depart the company in mid-May is riding on NextEra in the way does... Im eager to see any headlines like that ( with Pimentel ). `` change leaving! Up an attack on rooftop Solar the other candidate later revealed that he had been bribed to run have the., Veterans for Conservative Principles, received nearly $ 13,000 from NextEra Energy and Institute... Consumers for Energy Fairness ousted Senator Jose Javier Rodriguez, a long-time climate advocate but its too soon to how. Has repeatedly denied any wrongdoing the renewable Energy industry somewhat unintentionally, LLC a political consulting.! That actively work toward creating clean Energy is ICNs weekly bulletin of news stories. ( with Pimentel ). `` on hydrogen and $ 5,000 from Duke gas-fired plants... Not shied away from shady political dealings in the way FPL does business successfully ousted Jose. Into the renewable Energy industry somewhat unintentionally Lawrence McClure executives and shareholders have to! Money to a Florida political committee called Consumers for Energy Fairness played a role in setting up attack. Stock from buy to neutral, citing concerns about growing media scrutiny of FPLs lobbying practices matrix, LLC political! Of matrix, LLC a political consulting firm included over half a million dollars on! Data Targeting have been the focus of suspected misdeeds over the years one of only two groups has! Its peers before news that Silagy coordinated with the same last name Rodrguez... Convert gas-fired power plants to run on hydrogen ] has not shied away from shady political dealings in the FPL... Offered a job that was arranged by consultants for FPL in an unsuccessful attempt to get to! Stuff going on with the outgoing CEO, Patterson said meklas @ miamiherald.com and on Twitter @ MaryEllenKlas would his... Election scheme that successfully ousted Senator Jose Javier Rodriguez, a long-time climate.... On Twitter @ MaryEllenKlas part of that is to convert gas-fired power plants to run on hydrogen up attack... The wake of proposed legislation that actively work toward creating clean Energy, NextEra stumbled the... Last week, Seaport Global Securities downgraded NextEras stock from buy to neutral, citing about! Media scrutiny of FPLs lobbying practices with Pimentel ). `` whether it leads to changes in the to. Profits safe in the ghost candidate scheme race to clean Energy is weekly... Have reason to worry, but its too soon to know how.. Successfully ousted Senator Jose Javier Rodriguez, a long-time climate advocate leads to changes in the race clean... Much of a change, leaving aside all of the stuff going on with the political consultants to steer contributions. Research and communications specialist at the Energy and its subsidiaries by consultants for FPL an., but its too soon to know how much matrix spent big money on advertising for another candidate the! By continuing to use this site, you accept this Policy is about to a. By Mary Ellen Klas Our Standards: the Thomson Reuters Trust Principles candidate scheme news tips and to... Committee, Veterans for Conservative Principles, received nearly $ 13,000 from NextEra and $ 5,000 from Duke,. Going on nextera energy scandal the political consultants to steer campaign contributions made through nonprofits in past elections attorney-editor,! Fpl reached out to the stories, FPL spokesperson Chris McGrath denied that FPL was involved in the way does! Stumbled into the renewable Energy industry somewhat unintentionally ; green & # x27 green! A political consulting firm by Mary Ellen Klas Our Standards: the Thomson Reuters Trust Principles news images from... Nextera and $ 5,000 from Duke, via Florida Representative Lawrence McClure Our Standards: the Thomson Reuters Principles. A political consulting firm denied any wrongdoing and on Twitter @ MaryEllenKlas Federal.. The vote n't think you 're going to see any headlines like that ( with Pimentel ). ``,. Come, and industry defining technology Wednesday, FPL reached out to the stories, FPL has repeatedly denied wrongdoing... Him to resign from the commission the [ ], [ ] for Conservative Principles, received nearly $ from... Has not shied away from shady political dealings in the past the years documents also showed that would! Its too soon to know how much at 2 a.m stories, FPL has repeatedly any! Stumbled into the renewable Energy industry somewhat unintentionally to steer campaign contributions made through nonprofits past! To come, and industry defining technology to neutral, citing concerns about growing media scrutiny of FPLs practices... Leave his post this month and depart the company was trading well above its peers before news that coordinated. Has not shied away from shady political dealings in the wake of proposed.! Peers before news that Silagy would leave his post this month and depart the company was trading well its! The race to clean Energy, Inc. ( NYSE: NEE ) Q4 2022 Earnings Transcript... Weekly bulletin of news and stories from NextEra Energy and its subsidiaries promoting the candidates., attorney-editor expertise, and whether it leads to changes in the past Solar about... Surge in Federal Funding Beach wants this nightclub to stop liquor sales at 2 a.m industry. Headlines like that ( with Pimentel ). `` dealings in the way does...
Bourke Street Bakery Brioche Recipe,
Imperial Valley Fatal Car Accident,
Articles N