nextera energy scandal

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. By continuing to use this site, you accept this policy. Download. 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. Matrix spent big money on advertising for another candidate with the same last name as Rodrguez to split the vote. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. FPL has for decades spent millions on lobbying and election influence at every level of politics in Florida, giving it and its parent company, NextEra Energy, immense influence over the states politicians. Has FPL ever given money to another nonprofit who worked with the consultants Lets Preserve the American Dream? Since then, the legislature replaced the previous leader of that office, J.R. Kelly, with a former utility lobbyist, Richard Gentry. 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. So, thats probably all that were going to say on that today.. FPL has also donated $20,000 to Perrys political committee, Building a Prosperous Florida, while TECO has donated $2,500. as reported by Miami Herald last December. An early adopter of renewable power generation, NextEra is the third-largest U.S. energy company by market capitalization behind Exxon Mobil and Chevron. (Rooftop solar systems generally last for 25 years or longer.) Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Id. Some of thislike turning a news website into a mouthpiece for the utility or surveilling a newspaper columnist in the hopes of catching him doing something embarrassingsounds like the stuff of conspiracy theories. "I don't expect much of a change, leaving aside all of the stuff going on with the outgoing CEO," Patterson said. Theres a recipe in triumph and tragedy, Company run out of a Brooklyn walk-up shorted Florida produce packers $159,000 in pay, What Is Chapter 13 Bankruptcy? Your source for the latest news and stories from NextEra Energy and its subsidiaries. Artiles has pleaded not guilty to the charges. 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. Alabama political firm and former NextEra consultant Matrix LLC, led by Joe Perkins, sued Canopy LLC, another firm allegedly working with NextEra. 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.. We can do so much more on student loan forgiveness. To help figure this out, I reached out to David Pomerantz, who makes a living investigating utility companies as executive director of the Energy and Policy Institute, a nonprofit watchdog organization. Each wind energy facility includes a collection of wind turbines that, put simply, rapidly rotate to create energy. In a Jan. 5 letter, they asked the commission to determine whether the company was using ratepayer money for political purposes. You can keep up with her work on her site Environment.co. (Heres the hearing transcript.). They cited 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 commissions own documents in the rate case. Operator: Good morning, and welcome to the NextEra Energy and NextEra Energy Partners Fourth Quarter 2022 Earnings Call. The club is suing, What makes Knaus Berry Farm such a landmark? The Senate District 37 scandal was one of three races in Florida in the 2020 cycle that followed a nearly identical pattern: A close race, an unknown third party candidate to siphon some of the votes, and campaign mailers attacking the Democratic candidate, all paid for by new, out-of-state political committees. Consumers for Energy Fairness does not have a website or any public presence, but it spent over $5,000 with the public affairs firm McNicholas & Associates on beverages and food in 2019. Watchdog exposing the attacks on renewable energy and countering misinformation by fossil fuel interests. FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE), a clean energy company widely recognized for its efforts in sustainability, corporate responsibility, ethics and . An internal NextEra investigation found no wrongdoing, executives on the company's latest earnings call said, adding that Silagy's departure was unrelated to any controversies. $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. 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 . The documents also showed that Silagy coordinated with the political consultants to steer campaign contributions made through nonprofits in past elections. This effort takes a lot of resources to gather and update. Alissa Jean Schafer is a research and communications specialist at the Energy and Policy Institute. It begs the question of who the PSC serves is it Floridians or is it utility companies?. NEW YORK (Reuters) - The new head of Florida Power & Light (FP&L) has at least one important objective above and beyond running U.S. power giant NextEra's crown jewel utility, analysts say: stay out of the headlines. 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. The documents also showed that Silagy coordinated with the political consultants to steer campaign contributions made through nonprofits in past elections. Bradley has taken $52,500 from Florida investor-owned utilities, between her campaign account and her political committee. 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 find electric utilities are not on track to meet decarbonization goals. Get a daily email of our original, groundbreaking stories written by our national network of award-winning reporters. 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. Entergy, which donated $10,000 to the Party [], [] has not shied away from shady political dealings in the past. Artiles faces multiple felony charges in connection to an alleged election scheme that successfully ousted Senator Jose Javier Rodriguez, a long-time climate advocate. McClure also worked closely with utility front group Energy Fairness, as reported by the Energy and Policy Institute. NextEra Energy announces agreement to sell a 50% interest in an approximately 2,520-megawatt portfolio renewables project to a third party, highlighting the value of its best-in-class development program. A lot is riding on NextEra in the race to clean energy. Florida members of Congress have formally requested Attorney General Merrick Garland open an expansive corruption investigation to look into the source of potentially illegal funds used by Artiles. 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. NEW YORK, Feb 28(Reuters) - The new head of Florida Power & Light (FP&L) has at least one important objective above and beyond running U.S. power giant NextEra's crown jewel utility, analysts say: stay out of the headlines. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Artiles has long-standing close connections with FPL, as previously reported by Energy and Policy Institute in 2020 and 2021. He helped build NextEra Energy Resources and seemed to choose his retirement as opposed to being forced out, the former colleague said. The Miami Herald has confirmed that NextEra has been conducting an internal investigationon FPLs involvement in the ghost candidate scheme. The Florida Legislative Session begins January 11, 2022. NextEra Energy Newsroom. The no-party candidate, Alexis Alex Rodriguez, who did not campaign, received more than 6,000 votes. 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). Simpson, a longtime beneficiary of FPL political giving, may have spent NextEra-originatedfunds, with FPL knowledge, to pay off individuals with knowledge of his illegitimate child inwhat was reportedly known internally as Operation Ginger. The goal of these efforts appearto be to prevent the public from learning about the Senate Presidents indiscretions prior to hisascension to the top position in the state Legislature. 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 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. We deliver climate news to your inbox like nobody else. 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? Research and documents obtained and published by Orlando Sentinel reporters reveal that senior officials at Florida Power & Light (FPL), the largest electric utility in Florida, provided funding to the organization and consultants who engineered the spoiler candidates. Since 2020, Florida-based news organizations have reported about FP&L's role in questionable political and campaign finance-related activity. Gostons campaign was largely funded by Republicans with ties to Perry, as reported by the Gainesville Sun. 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.. We rely on donations from readers like you to keep going. To the larger question of NextEras public image, Pomerantz answers with a question: What happens when the companys reputation as an unethical actor extends to their clean energy efforts? he asked. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Banter reportedly followed Simpsons orders, using the FPL-originated funds to pay FrankArtiles, a lobbyist who was indicted in the scheme last year. 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. 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. Almost immediately, FPL reached out to the CEO of Matrix, LLC a political consulting firm. 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. They remained that way until they took a stake in early wind farms in exchange for canceling the debts owed to them. Unlike other companies that actively work toward creating clean energy, NextEra stumbled into the renewable energy industry somewhat unintentionally. The second Defendant, Cottonwood Wind . He helped build NextEra Energy Resources and seemed to choose his retirement as opposed to being forced out, the former colleague said. Were working hard to bring you the latest news from the states legislative session. Rodrguez lost his Senate seat the following year, resulting in Republicans gaining control of the Florida Senate. Pulitzer Prize-winning, nonpartisan reporting on the biggest crisis facing our planet. See here for a complete list of exchanges and delays. 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. The bill also creates a framework to add substantial fees to solar customers, charging them for an alleged cost-shift to non-solar customers. 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. Despite climate action often being frustrated by Republican leaders in Congress and at the local level, states with Republican governors and a majority of Republican state legislators are leading the nation in solar and wind. The third-party candidate in that race, Charles Goston, earned about 4,300 votes as an independent, despite being a lifelong Democrat. 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 other candidate later revealed that he had been bribed to run. They then asked the PSC to supply answers to a series of questions about FPLs political spending that included: How was the $14 million FPL spent in 2018 on a nonprofit called Mothers for Moderation used and was any of it passed to other organizations at FPLs direction or with FPLs knowledge?. 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. Dan Gearino covers the midwestern United States, part of ICNs National Environment Reporting Network. The bill outlines a reduction to the credit, which would dramatically limit the number of people who could affordably lease or buy panels. Heres the details, Miami Beach wants this nightclub to stop liquor sales at 2 a.m. Date. Entergy, which donated $10,000 to the Party and []. Mexican developer wants to build condos on the land starting at $3 million apiece. 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. Pimentel was CEO of NextEra Energy Resources, the company's unregulated arm focused on renewable power, for eight years before retiring in 2019. Its frustrating to see the Public Service Commission express no interest or concern in Floridas largest investor-owned utility company engaging in questionable smear campaigns and potentially illegal election activity while they increase rates, she said Wednesday. 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. The raid and arrest came months after Artiles took credit for placing the previously unknown third party candidate, Alex Rodriguez, in the race for Senate District 37, according to a source who asked to remain anonymous out of fear of retaliation, as reported by Miami Herald last December. TALLAHASSEE 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 Tuesday. 7,400 gallons of wastewater spilled into Johns Pass. 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. 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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. There are two civil lawsuits in the mix as well. 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. Took a stake in early wind farms in exchange for canceling the debts owed to them has been an. Wind nextera energy scandal in exchange for canceling the debts owed to them lost his seat! Your inbox like nobody else a Jan. 5 letter, they asked the to! Did not campaign, received more than 6,000 votes from worldwide sources and experts on the biggest facing..., who did not campaign, received more than 6,000 votes letter, they the! 10,000 to the credit, which would dramatically limit the number of people who could affordably lease or panels. 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