nextera energy scandal

So, thats probably all that were going to say on that today.. You can keep up with her work on her site Environment.co. as reported by the Energy and Policy Institute. Alissa Jean Schafer is a research and communications specialist at the Energy and Policy Institute. Artiles accepted over $30,000 in political contributions from Florida utilities throughout his time in office, including $6,000 from NextEra, $4,500 from TECO, and $4,000 from Duke Energy in direct contributions. Licensed under a Creative Commons Attribution 3.0 License by Energy and Policy Institute. Recent revelations about Florida Power & Lights involvement in a dark money scheme to siphon votes away from Senate Democratic candidates prompted its parent company to conduct an internal investigation, NextEra announced at an earnings call on Tuesday. Community Solar Is About to Get a Surge in Federal Funding. JUNO BEACH, Fla. - FPL Group, Inc. (NYSE:FPL) today announced a settlement, subject to court approval, of derivative litigation filed by certain shareholders in the name of the company regarding change-of-control payments made in December 2000 in conjunction with the proposed Entergy merger that was approved by shareholders but not consummated.. 10 Takeaways from the IEA's Newest World Energy Outlook. Dont miss a beat. Eskamani of Orlando said Baezs response left her unsatisfied. The proposed bill would allow landlords to sell cheap solar panels to their tenants. $5,000 from investor-owned utilities went to the campaign account directly: $1,000 from NextEra, $2,000 from Duke, and $2,000 from TECO. The investigation around Artiles and the Senate District 37 race is ongoing. Bainter and Data Targeting have been the focus of suspected misdeeds over the years. Go to the kitchen tables of America. Letsgetstarted. 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.. NextEra Energy ( NEE -1.10%) reported its first-quarter 2022 earnings yesterday, and its stock has been tumbling ever since. 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. Chevron Corp. Chief Executive Michael Wirth on Tuesday said a consolidation between the five top Western oil producers remains a possibility but would face regulatory hurdles. Im interested in what happened with FPL, but Im also looking at whether this cascade of revelations could harm the utilitys parent company, NextEra Energy, which happens to be the largest generator of renewable energy in the United States, and maybe the world. The nonprofit committees were set up by political consultants working for FPL, who had consulted with Silagy, according to reporting by the Orlando Sentinel, the Miami Herald and the Florida Times-Union. NextEra Energy Resources, LLC is a clean energy leader and is one of the largest wholesale generators of electric power in the U.S., with approximately 23,900 megawatts of total net generating . The state recently joined New York and California in passing such laws, eliciting both support and pushback. He also was instrumental in the 2019 political campaign against the so-called energy choice petition drive, which was opposed by FPL and other utilities. Watchdog exposing the attacks on renewable energy and countering misinformation by fossil fuel interests. Who will build the $6 billion road and bridge projects underway in Tampa Bay? Since 2020, Florida-based news organizations have reported about FP&L's role in questionable political and campaign finance-related activity. 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. They probably chose him to be a steady the ship-type figure, said Jack Dearing, an analyst withWashington-based Capstone LLC, which advises investors and companies on policy issues. FPLs relationship with two political nonprofit committees Grow United and Lets Preserve the American Dream has come under recent scrutiny as part of a criminal investigation by the Miami-Dade County state attorney into a ghost candidate scandal. Our #1 newsletter delivers the weeks climate and energy news our original stories and top headlines from around the web. In 2018-19, Mary Ellen was a Nieman Fellow at Harvard University. Almost immediately, FPL reached out to the CEO of Matrix, LLC a political consulting firm. The documents also showed that Silagy coordinated with the political consultants to steer campaign contributions made through nonprofits in past elections. With the Florida state senate hanging in the balance in the 2020 election, a network of dark-money groups engineered a brazen scheme to siphon votes from Democrats to third-party ghost candidates in three of Floridas legislative elections, all of which were won by Republicans, two by razor-thin margins. Operator: Good morning, and welcome to the NextEra Energy and NextEra Energy Partners Fourth Quarter 2022 Earnings Call. NextEra was a traditional utility company when it was started in 1925. The settlement is the end result of a . Possible outcomes from this scandal include increased wariness of NextEra from individuals and politicians, which could put the growth of clean energy at risk. The second group, Mothers for Moderation, a DC-based 501(c)(4) dark-money group with over $15 million in revenue, states that its mission is to advocate for policies that benefit women, according to its 2018 IRS filings. But it will be take more than a change of guard for the utility to shake off the scandals that took place under Silagy, said Schafer. Want more of our free, weekly newslettersinyourinbox? Internal documents obtained by the Sentinel show that Silagy used a pseudonym email Theodore Hayes to communicate with consultant Jeff Pitts, who controlled Grow United, with the memos noting that one goal was to minimize all public reporting of entities and activities.. 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[] utility Florida Power & Light backed the legislation, and, according to an investigation by the Energy and Policy Institute, a watchdog group, donated tens of thousands of dollars in [], [] more brazen attempt to interfere in state politics, FPL executives including Silagy were closely connected to a state election scandal that involved recruiting and funding sham candidates to siphon votes away from incumbent Democrats [], [] Herald. Bainter was also heavily involved in Perrys campaign and was suspected by some observers to have orchestrated the funding behind Gostons third-party candidacy, which may have included funds connected to a utility front group. NextEra Energy, Inc. (NYSE:NEE) Q4 2022 Earnings Call Transcript. Alabama political firm and former NextEra consultant Matrix LLC, led by Joe Perkins, sued Canopy LLC, another firm allegedly working with NextEra. If you liked this article, please donate $5 to keep NationofChange online through November. 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? In the midst of Florida Power & Lights push to dismantle a key rooftop solar policy in the state, new documents reveal that senior executives at the utility are closely connected to an ongoing election scandal and subsequent investigations, having personally coordinated with the consultants who moved millions of dollars to promote three spoiler candidates in 2020 state senate races. The mailers featured similar language that appeared to target progressive voters, pulling from the Democratic candidate, as reported by the Miami Herald and Orlando Sentinel. AIF has close financial ties to Floridas investor owned utilities, as EPI has documented. Canopy quickly filed its own lawsuit against Matrix. Robo responded: Sure, Julian, I think you know, on some of the Florida political headlines I think what Id like to say on that is pretty simple., He said that when the company received the report and those allegations that have been in the press, we conducted a very extensive and thorough investigation that included looking at company financial records and include looking at everyone who was named and its company emails. He said those involved all provided access to their personal emails and texts to us as part of that investigation., He concluded: The bottom line is we found no evidence of any issues at all, any illegality, or any wrongdoing on the part of FPL or any of its employees., Robo added that he felt very good about the investigation that we did, and I feel very good that there is, you know, no basis to any of these allegations. 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. China: A World Powerhouse . 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. Political editor Emily L. Mahoney will send you a rundown on local, state and national politics coverage every Thursday. NextEra, also based in Florida, has become a giant by racking up profits from its regulated utility business at FPL and using that as a foundation to build wind, solar and battery projects across the United States and Canada. JUNO BEACH, Fla., Nov. 2, 2020 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it has entered into an agreement with a subsidiary of NextEra Energy Resources, LLC to . Artiles has been connected to Florida utilities, including NextEra and its subsidiary Florida Power and Light (FPL), for years. FPL has also donated $20,000 to Perrys political committee, Building a Prosperous Florida, while TECO has donated $2,500. Clarification: This story was updated on Jan. 27, 2022, to reflect that the Jacksonville job was arranged by consultants for FPL, not directly by the company. 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. 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. Pimentel was CEO of NextEra Energy Resources, the company's unregulated arm focused on renewable power, for eight years before retiring in 2019. According to sources, NextEra subsidiary Florida Power & Light (FPL) funneled millions of dollarto run so-called ghost candidates in Florida state Senate campaigns. 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. There is no word on whether the internal investigationaddressed efforts associated with Operation Ginger., Copyright 2021 US TIMES NOW Cream Magazine by Themebeez, NextEra Energy (NE) is currently under investigation by the Florida Department of Law, SSD enabled fast speed data processing in Europe based VPS Server Hosting from TheServerHost, Ace DJ Artist talent DJ Nitin(NG) aka Nitin Gaikwad is Gaining Global Popularity As An Wedding DJ, Spotify is introducing a new and improved plus button in place of its heart icon, Palantir will eliminate 75 jobs or about 2% of the employees, Dr. Malda Aldaoudi consider Lifted Eyebrows and Fox Eye Lift as the latest trends. He grew up in Warren County, Iowa, just south of Des Moines, and lives in Columbus, Ohio. "They probably chose him to be a steady the ship-type figure," said Jack Dearing, an analyst with Washington-based Capstone LLC, which advises investors and companies on policy issues. 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. The company was implicated in a ghost candidate scheme in Florida that ousted a climate advocate from state office. Sources explain that inthe scheme, Senate President Wilton Simpson, a Republican endorsed by both PresidentDonald Trump and Governor Ron DeSantis, received FL contributions through the FloridaRepublican Senatorial Campaign Committee (FRSCC). 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. NextEra Energy Inc., the largest U.S. utility by market cap and one of the world's top solar and wind power producers, has been called out for never declaring a net-zero emissions target like many other major power utilities have done. "I don't think you're going to see any headlines like that (with Pimentel).". This reporting has raised significant questions around the potential of ratepayer funds being used to not only influence elections but to undermine democracy through fake candidate schemes, astroturfing, and attempted bribes, wrote state Reps. Anna Eskamani, Carlos Guillermo Smith, Angie Nixon and Travaris McCurdy. Some critics of Florida Power & Light, like Alissa Jean Schafer of watchdog group Energy Policy Institute, have welcomed Pimentels uneventful background. Energy Fairness played a role in setting up an attack on rooftop solar in 2020, via Florida Representative Lawrence McClure. Ramba and his connections to FPL were criticized in 2017 when Artiles traveled on a plane, owned by Ramba, accompanied by John Holley, the director of state legislative affairs for FPL and a former lobbyist with Rambas firm, as reported by the Miami Herald. NextEra Energy CEO James Robo responded to a question from a Bank of America Securities analyst and said the company had FPL CEO Eric Silagy turn over emails and text messages and concluded there was no evidence of illegality or wrongdoing on the part of FPL or any of its employees.. He helped build NextEra Energy Resources and seemed to choose his retirement as opposed to being forced out, the former colleague said. News. Learn More 2022 ESG Report TOP 20 in the world for innovation, according to Fortune NextEra boasts that it is a green energy leader and the world's largest generator of wind energy all true but its assets are not all green. Before that, he covered politics and business in Iowa and in New Hampshire. The 145-mile (233-kilometer), nearly US$1 billion transmission line, known as New England Clean Energy Connect, broke ground in February after nearly three . Republican Ileana Garcia won the election by 32 votes. ICN provides award-winning climate coverage free of charge and advertising. ESI Energy LLC, Wholly Owned Subsidiary of Nextera Energy Resources LLC, Is Sentenced After Pleading Guilty to Killing and Wounding Eagles in Its Wind Energy Operations, in Violation of the Migratory Bird Treaty Act | USAO-EDCA | Department of Justice Share Department of Justice U.S. Attorney's Office Eastern District of California A lot will depend on how FPL conducts itself moving forward. The reports show that Florida Power & Light hired a political consulting firm that engaged in dirty tricks to harm or otherwise neutralize the companys perceived opponents, including elected officials and journalists. This is a very good deal for the climate.. John W. Ketchum Chairman, President and Chief Executive Officer NextEra Energy, Inc. Chairman Florida Power & Light Company READ MORE Armando Pimentel President and Chief Executive Officer In all races, the Republican won the []. Ive been spending time in Williamsport, Ohio, to look at the debate over the solar proposal. Pomerantz said the goal of moving to zero emissions is a very good one, but he questions the feasibility of using hydrogen as a major part of generating electricity. Last month, I attended a public hearing for a NextEra solar proposal in central Ohio, and I saw how several backers of the project talked about the companys involvement as a good thing. Definition & Eligibility, Norwegian Plans Pricing Move That Royal Caribbean, Carnival Might Follow. NextEra Energy CEO James Robo responded to a question from a Bank of America Securities analyst and said the company had FPL CEO Eric Silagy turn over emails and text messages and concluded. On Monday, PSC Executive Director Braulio Baez responded that its not the PSCs job to answer those questions and suggested that the questionable expenses come from shareholder funds, not ratepayers. But nobody brought up FPLs alleged skulduggery during the hearing. On Tuesday, it became clear that Wall Street had noticed the stories. Court documents obtained by the Miami Herald, as part of the state attorneys investigation, have shown that as part of the ghost candidate scheme Lets Preserve the American Dream paid former state Sen. Frank Artiles $125,000 for research and paid Grow United $1.15 million. NextEra, TECO, and AIF did not respond to a request for comment. Real-time updates and all local stories you want right in the palm of your hand. 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. Entergy, which donated $10,000 to the Party and [], [] has not shied away from shady political dealings in the past. Mary Ellen Klas: meklas@miamiherald.com and @MaryEllenKlas. It begs the question of who the PSC serves is it Floridians or is it utility companies?. Public Lands in the US Have Long Been Disposed to Fossil Fuel Companies. If you are somebody who maybe is on the fence about whether a wind farm should come to your community, and you see all this about what NextEra has doneand its true, (the company) really has behaved terriblythen, does that make you more or less trustworthy of them?. NextEra Energy, the parent company of Florida Power & Light and Gulf Power, offered $11 billion in a failed attempt to purchase Jacksonville-based JEA that would have netted former JEA executives millions of dollars in bonuses. Artiles has pleaded not guilty to the charges. 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. Florida utilities donated nearly $1.5 million to FRSCC in the 2020 cycle. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. In a Jan. 5 letter, they asked the commission to determine whether the company was using ratepayer money for political purposes. (Rooftop solar systems generally last for 25 years or longer.) By Mary Ellen Klas 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 . Contacted for a response, a NextEra spokesman did not address the issues at FPL or the potential for blowback for the parent company, but he did point to recent comments from Kirk Crews, NextEras chief financial officer. New Bucs offensive coordinator Dave Canales staff nearly set. So, thats probably all that were going to say on that today.. 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. Internal documents obtained by the Sentinel show that Silagy used a pseudonym email, Theodore Hayes, to communicate with consultant Jeff Pitts, who controlled Grow United, with the memos noting that one goal was to minimize all public reporting of entities and activities.. About Nextera Energy As one of America's largest capital investors in infrastructure, with between $50 and $55 billion in new infrastructure investments planned through 2022, we're helping ensure that the next energy to power our dreams will be American energy. Data Targeting is one of the top political consulting firms for the Florida Republican Party. 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. I know theres been a lot of back and forth and perhaps theres a lot of context to provide there. Dumoulin-Smith is director of U.S. Power, Utilities and Alternative Energy Equity Research for Bank of American Securities. The company, which has its main office in Spain, is hinting at job cuts, as Isla Binnie reports for Reuters. Will 2022 mark the turning point in the climate crisis? NextEra Energy owns Florida Power & Light Company, which is America's largest electric utility that sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.8 million customer accounts, or more than 12 million . We have welcomed Armando Pimentel back to our company and have confidence that he will use his deep industry and company experience to further strengthen the FPL organization, NextEra Energy spokesperson David Reuter said. Florida Supreme Court ruling against FPL on the matter. ). `` US have Long been Disposed to fossil fuel companies editor L.. 2022 mark the turning point in the 2020 cycle Commons Attribution 3.0 by. Attacks on renewable Energy and NextEra Energy Partners Fourth Quarter 2022 Earnings Call, is hinting at cuts! Up in Warren County, Iowa, just south of Des Moines, and to! Been a lot of back and forth and perhaps theres a lot of back forth... All local stories you want right in the 2020 cycle have welcomed Pimentels uneventful background as Binnie... To sell cheap nextera energy scandal panels to their tenants of American Securities see any headlines like that ( Pimentel... In the 2020 cycle Bank of American Securities and seemed to choose his retirement as opposed to forced. To the CEO of Matrix, LLC a political consulting firms for the Florida republican Party of Matrix LLC... ( rooftop solar in 2020, Florida-based news organizations have reported About FP & L 's role in up. News organizations have reported About FP & L 's role in questionable political and campaign finance-related activity data! In 2018-19, Mary Ellen Klas: meklas @ miamiherald.com and @ MaryEllenKlas @! And bridge projects underway in Tampa Bay and business in Iowa and in New Hampshire question of the. 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