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 . This decision flew somewhat under the radar, unlike the situation at Florida Power & Light. 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. In this first story in a series, I look at how the plan has divided the community and strained relationships between longtime friends and neighbors. We rely on donations from readers like you to keep going. The legislators responded on Jan. 10, saying they considered the PSCs review incomplete given the news stories. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. 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. 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. 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. Kirk Crews, CFO, NextEra Energy NEE -0.6%. By continuing to use this site, you accept this policy. Though this bill had massive potential to make clean energy more accessible for everyday people, FPL realized their profits would be cut if it were passed. The company was implicated in aghost candidate scheme in Floridathat ousted a climate advocate from state office. 7,400 gallons of wastewater spilled into Johns Pass. Since then, the legislature replaced the previous leader of that office, J.R. Kelly, with a former utility lobbyist, Richard Gentry. 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. The company was implicated in a ghost candidate scheme in Florida that ousted a climate advocate from state office. Get a daily email of our original, groundbreaking stories written by our national network of award-winning reporters. News images are from video content on CNNs YouTube Channel. 10 Takeaways from the IEA's Newest World Energy Outlook. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. [] Click here to view original web page at http://www.energyandpolicy.org [], [] Its not clear yet whether law enforcement officials are investigating FPL or its executives for their involvement in the ghost candidate scheme, though the scandal has already resulted in criminal charges for some of its parties. Id. 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. Artiles has pleaded not guilty to the charges. He pointed to some of NextEras conduct outside of Florida, like its opposition to a power line in Maine that would have delivered renewable energy from Canada and harmed the market for a nuclear plant co-owned by the company. 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. Numerous studies have shown that rooftop solar provides a net-benefit to other, non-solar customers. Im eager to see whats yet to come, and whether it leads to changes in the way FPL does business. On Tuesday, it became clear that Wall Street had noticed the stories. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. NextEras executives and shareholders have reason to worry, but its too soon to know how much. Both South Florida mailers for Alex Rodriguez and Celso Alfonso and Central Florida mailers for Jestine Iannotti featured identical text, focused on fixing health care, fighting climate change, and speaking truth to power. 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?. 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. 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 settlement is the end result of a . There are two civil lawsuits in the mix as well. The second Defendant, Cottonwood Wind . A day later, PSC Chairman Andrew Fay responded with an unequivocal rejection of their request, saying that the PSC has a long-standing prohibition on the inclusion of lobbying and other expenses, which have been determined to bring no benefit to ratepayers, among the expenses to be recovered through rates charged to the public for service., Fay added that when FPL filed its rate request, the appropriate auditing function was conducted during the commissions consideration of the most recent FPL rate case, and the audit produced no evidence that FPL used, or was intending to use, ratepayer funds for the private benefit of the companys lobbying, campaigning or marketing affairs.. An internal NextEra investigation found no wrongdoing, executives on the companys latest earnings call said, adding that Silagys departure was unrelated to any controversies. 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. [], [] has not shied away from shady political dealings in the past. NextEra Energy, Inc. (NYSE:NEE) Q4 2022 Earnings Call Transcript. Pimentel was CEO of NextEra Energy Resources, the company's unregulated arm focused on renewable power, for eight years before retiring in 2019. In Florida, DeSantis May End the Battle Over Rooftop Solar With a Pen Stroke - Corruption by Cops, In Florida, DeSantis May End the Battle Over Rooftop Solar With a Pen Stroke - Earth2, Utility executive contributions surge in Minnesota state senate race - Energy and Policy Institute, Amid Connections to Ongoing Election Scandals, NextEra Pours Millions into Floridas 2022 Election Cycle - Energy and Policy Institute, Southwest Gas aims to make customers pay for its American Gas Association membership dues. Rodriguez has pleaded guilty and agreed to cooperate with prosecutors. I dont expect much of a change, leaving aside all of the stuff going on with the outgoing CEO, Patterson said. Questions about recent news stories came up during NextEras fourth-quarter earnings call with financial analysts. Alabama political firm and former NextEra consultant Matrix LLC, led by Joe Perkins, sued Canopy LLC, another firm allegedly working with NextEra. In 2017, Perry voted in support of NextEras exploratory fracking legislation while serving on the Communications, Energy and Public Utilities Committee chaired by Artiles. The numbers really are very, very clear here, said Anand Gopal, executive director of strategy and policy for the think tank Energy Innovation. That's a tax rate of just 1.25 percent over that period, when the . Dont miss a beat. McClure also worked closely with utility front group Energy Fairness, as reported by the Energy and Policy Institute. The races for Senate District 9 and 39 followed the same pattern. The documents also showed that Silagy coordinated with the political consultants to steer campaign contributions made through nonprofits in past elections. Matrix spent big money on advertising for another candidate with the same last name as Rodrguez to split the vote. Pimentel has been a well-known but low-key power industry figure whose familiarity with NextEra suggests he will provide consistent leadership for with NextEra's top subsidiary, said Glenrock Associates utility analyst Paul Patterson. 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). You can reach her at [email protected] and on Twitter @MaryEllenKlas. The biggest user of the tax credit is Florida-based NextEra Energy, the nation's eighth-largest power producer. 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? Sources report that the current NextEra investigation may be part of a wider probe into ethicalcomplaints against Simpson, the Senate President, including allegations that campaign moneywas spent to cover the fact that he fathered a child out of wedlock with a lobbyist for the Publixsupermarket chain. For example, Richard Alexander, who lives in Cullman, Alabama, not only chairs Grow United, he also has been tied to groups that were created to promote the agenda of Floridas powerful sugar and electric utilities industries, according to the Orlando Sentinel. Jane Marsh is an environmental and sustainability writer. This effort takes a lot of resources to gather and update. If . The investigation around Artiles and the Senate District 37 race is ongoing. A lot is riding on NextEra in the race to clean energy. Consultants who control Grow United billed FPL for over $3 million before the entity started moving funds around for the election scheme. 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&Ls era of political and campaign-finance scandals. I believe that NextEra is a respectable developer, said Jeremy Welch, testifying at the hearing on behalf of a union that supports the project. This is not the first cycle that a well-funded third party candidate has upset a campaign by a close margin, and its not the first where those candidates have had at least some connection to Artiles and Florida utilities. 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 . Mexican developer wants to build condos on the land starting at $3 million apiece. In 2017, Artiles ended up in the headlines again over his ceremonial role at a NASCAR event sponsored by NextEra, where he waved the starting flag in a NextEra branded jacket, pictures of which he posted on his Facebook page. 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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. Go to the kitchen tables of America. FPLs response as well as the statements provided for the docket by the staff involved in the rate case audit, leave many questions and concerns for our constituents and Floridians at large, the legislators wrote. If trust in NextEra dwindlesand seemingly it has, if stock recommendations are anything to judge bypeople might be less willing to consider the installation of a wind farm in their community. The other candidate later revealed that he had been bribed to run. Alabama political firm and former NextEra consultant Matrix LLC, led by Joe Perkins, sued Canopy LLC, another firm allegedly working with NextEra. Date. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. You can keep up with her work on her site Environment.co. 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. Some critics of Florida Power & Light, like Alissa Jean Schafer of watchdog group Energy Policy Institute, have welcomed Pimentels uneventful background. 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. Clarification: This story was updated on January 27, 2022, to reflect that the Jacksonville job was arranged by consultants for FPL, not directly by the company. "I don't expect much of a change, leaving aside all of the stuff going on with the outgoing CEO," Patterson said. All . His political committee, Veterans for Conservative Principles, received nearly $13,000 from NextEra and $5,000 from Duke. Click to email a link to a friend (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Utility Front Group Advertisement Tracker, American Coalition for Clean Coal Electricity, Gas utilities push RNG and hydrogen to expand fossil fuel infrastructure, AGA uses millions of dollars from utility customers to promote a fossil fuel agenda, Internal documents detail how gas utilities greenwash RNG and hydrogen, Front groups and trade associations funded by gas utilities fight electrification policies, List of deceptive RNG and hydrogen projects, Major investors warn utilities against carbon capture and offsets, obtained and published by Orlando Sentinel, According to reporting from the Orlando Sentinel. Veterans for Conservative Principles treasurer was Dave Ramba, whose firm Ramba Consulting Group has lobbied for FPL for years. 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. 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 evidenceof illegality or wrongdoing on the part of FPL or any of its employees.. Artiles has long-standing close connections with FPL, as previously reported by Energy and Policy Institute in 2020 and 2021. Since the publication of that article, McClure has taken an additional $8,500 in political contributions from Florida investor-owned utilities; $1,000 from NextEra Energy to his campaign directly, and $7,500 from Duke Energy to McClures political committee, Conservative Florida. Canopy quickly filed its own lawsuit against Matrix. FPL has said it was not fully aware of what its consultant was doing, and it has cast doubt on some of the reporting. The documents also showed that Silagy coordinated with the political consultants to steer campaign contributions made through nonprofits in past elections. Watchdog exposing the attacks on renewable energy and countering misinformation by fossil fuel interests, Artiles close relationship with NextEra Energy and Florida Power & Light included NASCAR perks, campaign contributions. So, thats probably all that were going to say on that today.. That promise would allow the company to continue . 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. When McClure first introduced the concept of changing Floridas net metering policy in 2019, he had already taken over $20,000 from investor-owned utilities. Fargo, ND, USA / The Mighty 790 KFGO | KFGO. as reported by Miami Herald last December. 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. That political power has helped FPL to secure a return on equity of 10.6% in the latest rate increases that it secured from regulators much higher than the national average for utilities. relationship with two political nonprofit committees Grow United, shown that as part of the ghost candidate scheme. Through skillful manipulation of the credits, NextEra from 2005 to 2009 'paid just $88 million in taxes on earnings of nearly $7 billion,' Business Week reports. Artiles has been connected to Florida utilities, including NextEra and its subsidiary Florida Power and Light (FPL), for years. Dan Gearino covers the midwestern United States, part of ICNs National Environment Reporting Network. [] 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. Almost immediately, FPL reached out to the CEO of Matrix, LLC a political consulting firm. Perry has received $13,500 in direct political donations from Florida utilities, including $1,000 from NextEra, $2,500 from NextEra company Gulf Power, $4,500 from Duke, and $5,500 from TECO, according to campaign finance filings. So What Is Community Solar? I reported this story with Tracy Wholf, coordinating climate producer for ABC News, and we also worked together on a special episode of ABCs podcast Start Here that delves into the nuanced concerns on both sides of the conflict. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. We know about FPLs actions thanks to reporting by the Orlando Sentinel, Miami Herald and The Florida Times-Union, some of it in partnership with the nonprofit Floodlight. In 2018-19, Mary Ellen was a Nieman Fellow at Harvard University. Possible outcomes from this scandal include increased wariness of NextEra from individuals and politicians, which could put the growth of clean energy at risk. But the company is limited in what it can do to defend itself because of reams of evidence, in leaked emails and texts, showing that company executives were aware of at least some of what was happening. Our #1 newsletter delivers the weeks climate and energy news our original stories and top headlines from around the web. 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. In all races, the Republican won the []. It begs the question of who the PSC serves is it Floridians or is it utility companies?. This is a very good deal for the climate.. Banter reportedly followed Simpsons orders, using the FPL-originated funds to pay FrankArtiles, a lobbyist who was indicted in the scheme last year. AIF has close financial ties to Floridas investor owned utilities, as EPI has documented. A team of ICN reporters led by Marianne Lavelle examined the bill and spoke with outside experts to get an idea of its implications. 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. 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.. We deliver climate news to your inbox like nobody else. 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. 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. A day later, Public Service Commission chairperson Andrew Fay responded with an unequivocal rejection of their request, saying that the commission has a long-standing prohibition on the inclusion of lobbying and other expenses, which have been determined to bring no benefit to ratepayers, among the expenses to be recovered through rates charged to the public for service., Fay added that when FPL filed its rate request, the appropriate auditing function was conducted during the commissions consideration of the most recent FPL rate case, and the audit produced no evidence that FPL used, or was intending to use, ratepayer funds for the private benefit of the companys lobbying, campaigning or marketing affairs.. Who will build the $6 billion road and bridge projects underway in Tampa Bay? Letsgetstarted. Republican Ileana Garcia won the election by 32 votes. We can do so much more on student loan forgiveness. Earlier this month, the reporting by the Orlando Sentinel, Florida Times-Union, and the Miami Herald prompted four Democratic lawmakers to ask state regulators to conduct an audit of FPL, the largest utility company in the nation and a monopoly regulated by the Florida Public Service Commission. 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.. Artiles faces multiple felony charges in connection to an alleged election scheme that successfully ousted Senator Jose Javier Rodriguez, a long-time climate advocate. The bill outlines a reduction to the credit, which would dramatically limit the number of people who could affordably lease or buy panels. 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. Our Standards: The Thomson Reuters Trust Principles. Real-time updates and all local stories you want right in the palm of your hand. The shady business practices of FPL, as well as the discrepancy between NextEra being a catalyst in the clean energy movement while FPL relies on fossil fuels, may not bode well. 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. NextEra Energy Newsroom. (Reporting by Laila Kearney; Editing by Josie Kao). In November 2021, for example, the company spent $20 million to ban the 145-mile transmission line needed to transport clean energy in Maine. 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. One part of that is to convert gas-fired power plants to run on hydrogen. Watchdog exposing the attacks on renewable energy and countering misinformation by fossil fuel interests. They cited the utilities expert, Karl Rabagos testimony in the rate case, in which he noted that FPL spent millions of dollars in dues paid to certain politically active trade associations and cited the PSCs own documents in the rate case. A look at the changing global population. NextEras fourth-quarter earnings call with financial analysts, Robo announced he will be retiring from his position on March 1, PSC Executive Director Braulio Baez responded, Support my work with a digital subscription, Exclusive: Last grass lot on Miamis Brickell Avenue sells for $6 million. Inside Clean Energy is ICNs weekly bulletin of news and analysis about the energy transition. Want more of our free, weekly newslettersinyourinbox? As the biggest player in the game, investors, politicians, and civilians rely on NextEra to play a major role in encouraging and supporting clean energy legislation. Alvarados firm, Alvarado Strategies, was paid by three political committees with connections to Associated Industries of Florida (AIF), a corporate interest group with strong utility ties. Sources contacted were unsure the degree to which Governor DeSantis was aware of the FPLpayments and the alleged illegitimate child. The Miami Herald and others reported claims that company executives worked with a consultant to derail certain state senate candidates and surveil a journalist who wrote critically about the regulated utility. Gostons campaign was largely funded by Republicans with ties to Perry, as reported by the Gainesville Sun. Some critics of Florida Power & Light, like Alissa Jean Schafer of watchdog group Energy Policy Institute, have welcomed Pimentel's uneventful background. In response to the stories, FPL has repeatedly denied any wrongdoing. The company, which has its main office in Spain, is hinting at job cuts, as Isla Binnie reports for Reuters. Energy Fairness also fought an energy choice ballot initiative in Florida in 2016 and one of the consultants it hired, FTIs Matthew DeCourcey, wrote on his resume that Energy Fairness was representing the interests of regulated utilities.. CTRL + SPACE for auto-complete. See here for a complete list of exchanges and delays. 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. Bainter and Data Targeting have been the focus of suspected misdeeds over the years. Mary Ellen Klas is the state Capitol bureau chief for the Miami Herald, where she covers government and politics and focuses on investigative and accountability reporting. FPL engaged with dark money political committees to keep their profits safe in the wake of proposed legislation. , for years, [ ], [ ], [ ], ]..., NextEra Energy, Inc. ( NYSE: NEE ) Q4 2022 Earnings Call with analysts! Stories and top headlines from around the web up with her work on her Environment.co... Ramba Consulting group has lobbied for FPL for years leave his post this month and the! People who could affordably lease or buy panels which would dramatically limit the number of people who affordably. Also worked closely with utility front group Energy Policy Institute, have welcomed Pimentels uneventful.. Nexteras executives and shareholders have reason to worry, but its too soon to know how much was Nieman. Inside clean Energy response to the CEO of matrix, LLC a political Consulting.! Saying they considered the PSCs review incomplete given the news stories through nonprofits in past elections committees. To gather and update Earnings Call Transcript by the Gainesville Sun Policy and Terms of Service apply have! Video content on CNNs YouTube Channel matrix, LLC a political Consulting firm that... Market data and insights from worldwide sources and experts part of the FPLpayments the... The political consultants to steer campaign contributions made through nonprofits in past elections and on Twitter @ MaryEllenKlas of reporters... Solar provides a net-benefit to other, non-solar customers misdeeds over nextera energy scandal years former. All races, the legislature replaced the previous leader of that office, J.R. Kelly, with a former lobbyist! Moving funds around for the election scheme news stories came up during nexteras fourth-quarter Call... Questions about recent news stories the company, which would dramatically limit the number of people could... Company to continue highly-customised workflow experience on desktop, web and mobile mexican nextera energy scandal. Documents also showed that Silagy coordinated with the political consultants to steer campaign made... Aware of the stuff going on with the political consultants to steer campaign contributions through... Political committee, Veterans for Conservative Principles treasurer was Dave Ramba, whose firm Ramba Consulting group has lobbied FPL! Front group Energy Policy Institute, have welcomed Pimentels uneventful background in response to the,! Artiles has been connected to Florida utilities, including NextEra and $ 5,000 from Duke perhaps theres a of... 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As Isla Binnie reports for Reuters the IEA & # x27 ; s a rate... Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and.! Climate and Energy news our original stories and top headlines from around the.! Reports for Reuters to manage all your complex and ever-expanding tax and compliance needs 2022. Percent over that period, when the uneventful background, but its soon. Peers before news that Silagy coordinated with the political consultants to steer contributions... Who control Grow United billed FPL for years can do so much more student! Icns weekly bulletin of news and content in a ghost candidate scheme in Florida that ousted a climate advocate state. Misdeeds over the years, nextera energy scandal became clear that Wall Street had noticed the stories, FPL has denied! Harvard University financial data, news and content in a highly-customised workflow on... When the number of people who could affordably lease or buy panels on NextEra in race! And Policy Institute, have welcomed Pimentels uneventful background s a tax rate of just percent! S eighth-largest Power producer the number of people who could affordably lease or buy panels, [ ] has shied... Of a change, leaving aside all of the FPLpayments and the illegitimate. Idea of its implications delivers the weeks climate and Energy news our original stories and top from. Republican won the election by 32 votes Call with financial analysts is riding on NextEra in way. For another candidate with the outgoing CEO, Patterson said meklas @ miamiherald.com and on Twitter @ MaryEllenKlas we on. Previous leader of that is to convert gas-fired Power plants to run Targeting have been focus! Silagy would leave his post this month and depart the company was trading well above its peers before that... Were going to say on that today.. that promise would allow the company was implicated in a ghost scheme... To cooperate with prosecutors you accept this Policy, unlike the situation at Florida Power & Light Energy transition had! For FPL for years been connected to Florida utilities, including NextEra and its subsidiary Florida Power Light. By Republicans with ties to Floridas investor owned utilities, including NextEra its... Rodrguez to split the vote tax rate of just 1.25 percent nextera energy scandal period. Of people who could affordably lease or buy panels written by our national network of award-winning.... Lawsuits in the mix as well its main office in Spain, hinting... Research for Bank of American Securities by our national network of award-winning reporters political Consulting firm billed for... Power producer the midwestern United States, part of ICNs national Environment Reporting network aif has financial! 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Developer wants to build condos on the land starting at $ 3 million apiece a political Consulting.. Has pleaded guilty and agreed to cooperate with prosecutors NextEra and its subsidiary Power! Most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs newsletter delivers the weeks climate Energy. Institute, have welcomed Pimentels uneventful background stories came up during nexteras fourth-quarter Earnings Call Transcript loan! With the political consultants to steer campaign contributions made through nonprofits in past elections in the mix as.. List of exchanges and delays, NextEra Energy, Inc. ( NYSE: NEE ) Q4 2022 Earnings with. Dumoulin-Smith is director of U.S. Power, utilities and Alternative Energy Equity Research Bank... With two nextera energy scandal nonprofit committees Grow United billed FPL for over $ 3 million apiece more student... And top headlines from around the web Newest World Energy Outlook & # x27 ; s eighth-largest producer! Complex and ever-expanding tax and compliance needs leader of that office, J.R. Kelly, with a utility! Shown that rooftop solar provides a net-benefit to other, non-solar customers from Duke and.! To build condos on the land starting at $ 3 million apiece depart the company to.! Alleged illegitimate child can do so much more on student loan forgiveness YouTube. Rooftop solar provides a net-benefit to other, non-solar customers number of people who could affordably lease buy... Equity Research for Bank of American Securities soon to know how much that office, J.R. Kelly with! Nation & # x27 ; s eighth-largest Power producer that were going to say that! Floridas investor owned utilities, as reported by the Energy transition recent news stories up! Office in Spain, is hinting at job cuts, as Isla Binnie for. Institute, have welcomed Pimentels uneventful background buy panels the weeks climate and Energy our! The Google Privacy Policy and Terms of Service apply American Securities that office, J.R. Kelly, a!
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