nextera energy scandal


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. We deliver climate news to your inbox like nobody else. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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? The no-party candidate, Alexis Alex Rodriguez, who did not campaign, received more than 6,000 votes. On Tuesday, it became clear that Wall Street had noticed the stories. 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 the. "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. It begs the question of who the PSC serves is it Floridians or is it utility companies?. 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. 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. NextEra Energy, Inc. (NYSE:NEE) Q4 2022 Earnings Call Transcript. 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. Canopy was started by former Matrix employees, led by Jeff Pitts. 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. 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. 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. Matrix spent big money on advertising for another candidate with the same last name as Rodrguez to split the vote. In a Jan. 5 letter, they asked the commission to determine whether the company was using ratepayer money for political purposes. About NextEra Energy NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. Were working hard to bring you the latest news from the states legislative session. Artiles has been connected to Florida utilities, including NextEra and its subsidiary Florida Power and Light (FPL), for years. The Miami Herald has confirmed that NextEra has been conducting an internal investigationon FPLs involvement in the ghost candidate scheme. We deliver climate news to your inbox like nobody else. 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 company was implicated in aghost candidate scheme in Floridathat ousted a climate advocate from state office. A dark money non-profit called Grow United is at the center of the scandal, with records showing direct communication with and invoices to FPL. Description. Their power over utilities in Florida was challenged by legislation proposed by the Democratic Senator of Florida, Jos Javier Rodrguez, in 2019. Kirk Crews, CFO, NextEra Energy NEE -0.6%. In response to the stories, FPL has repeatedly denied any wrongdoing. 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. An abandoned shovel is to blame. 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. 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. McClure also worked closely with utility front group Energy Fairness, as reported by the Energy and Policy Institute. The Office of Public Counsel, which advocates on behalf of Florida utility customers, also stated that it was a net benefit in that same workshop. 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 . 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. Write CSS OR LESS and hit save. 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. FPL this year announced a plan it calls Real Zero to completely eliminate carbon emissions from its operations by 2045. 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. In California, Wait Lists for EV Rebates Are Long and Some Programs Have Shut Down: California needs to ramp up sales of electric vehicles to take on climate change and reduce air pollution, but consumers are having trouble navigating the states incentives and rebates, as Nadia Lopez reports for CalMatters. Florida Supreme Court ruling against FPL on the matter. A team of ICN reporters led by Marianne Lavelle examined the bill and spoke with outside experts to get an idea of its implications. Rodrguez lost his Senate seat the following year, resulting in Republicans gaining control of the Florida Senate. In all races, the Republican won the []. Broken Promises is one of only two groups that has contributed money to a Florida political committee called Consumers for Energy Fairness. His political committee, Veterans for Conservative Principles, received nearly $13,000 from NextEra and $5,000 from Duke. Bradley has taken $52,500 from Florida investor-owned utilities, between her campaign account and her political committee. It depends on how trustworthy community members find NextEra in the coming months and how that support affects any proposed clean energy legislation. 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 . 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. Are Floridians expected to simply believe that the standard rate case process results are comprehensive and fully accurate, especially given how much detail is left out of the public eye? they asked. One part of that is to convert gas-fired power plants to run on hydrogen. FPL engaged with dark money political committees to keep their profits safe in the wake of proposed legislation. as reported by Miami Herald last December. 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. Entergy, which donated $10,000 to the Party and []. 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. So, thats probably all that were going to say on that today.. Dan Gearino covers the midwestern United States, part of ICNs National Environment Reporting Network. China: A World Powerhouse . Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. 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. In 2018-19, Mary Ellen was a Nieman Fellow at Harvard University. The bill outlines a reduction to the credit, which would dramatically limit the number of people who could affordably lease or buy panels. 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. A lot will depend on how FPL conducts itself moving forward. 7,400 gallons of wastewater spilled into Johns Pass. He helped build NextEra Energy Resources and seemed to choose his retirement as opposed to being forced out, the former colleague said. The second Defendant, Cottonwood Wind . Heres the details, Miami Beach wants this nightclub to stop liquor sales at 2 a.m. 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. Data Targeting is one of the top political consulting firms for the Florida Republican Party. 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. 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. 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. 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Matrix LLC has since sued several former employees, including its ex-CEO Jeff Pitts, accusing them of conspiring with FPL's parent company NextEra Energy Inc. to work on secret projects . Send news tips and questions to dan.gearino@insideclimatenews.org. 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. 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. 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. 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. 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. At NextEra Energy, we're committed to our core values of being committed to excellence, doing the right thing and treating people with respect. The messy business of being 'green'. "I don't expect much of a change, leaving aside all of the stuff going on with the outgoing CEO," Patterson said. By continuing to use this site, you accept this policy. Campaign created by chips Armstrong Stop rewarding, and PUNISH those masquerading as renewable energy providers, like NextEra Energy Resources, formerly Florida Power & Light, and make them accountable for cleaning up their environmental carnage. A former NextEra colleague of Pimentels, who spoke on the condition of anonymity, said Pimentel was a straightforward, fact-based and driven coworker with a calm temperament. 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 . Definition & Eligibility, Norwegian Plans Pricing Move That Royal Caribbean, Carnival Might Follow. 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. Herald/Times Tallahassee Bureau. When asked if their companys money was used either for the third party candidates campaign or in payment to Artiles directly, Neil Nissan, a spokesperson for Duke Energy, stated that it was not. 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. Eskamani of Orlando said Baezs response left her unsatisfied. 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. 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. Description. (Rooftop solar systems generally last for 25 years or longer.) It was also announced that Silagy, the president and CEO of FPL, will take on the added responsibility of chairman of FPL. Every day or once a week, our original stories and digest of the webs top headlines deliver the full story, for free. SAC 1-2. 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. While it is not illegal to conspire to place a third-party candidate into an election, paying for that placement and failing to properly report the money involved is. 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?. Watchdog exposing the attacks on renewable energy and countering misinformation by fossil fuel interests. 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. 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. The Defendant, NextEra Energy Resources, LLC ("NextEra"), is the largest wind energy generator in the world and operates over 100 wind energy facilities nationwide. The company was implicated in aghost candidate scheme in Floridathat ousted a climate advocate from state office. 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. 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. He grew up in Warren County, Iowa, just south of Des Moines, and lives in Columbus, Ohio. If NextEra is to be the model of a sustainable energy giant, it must shed its brown assets. History of Power: Dominion Energy's Fluid Transition. 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 . 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. 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. 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. 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. On January 24th, the stock of renewables pioneer NextEra - now the U.S.'s largest utility company - dropped 8.8% on news the head of its FP&L unit was retiring. 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. 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. Other stories about the energy transition to take note of this week: Deep in the Democrats Climate Bill, Analysts See More Wins for Clean Energy Than Gifts for Fossil Fuel Business: U.S. Senate leaders have included plenty of favors for the fossil fuel industry in the big climate package they hope to advance this week, but most analysts have concluded these concessions amount to consolation prizes in a deal where clean energy is the clear winner. Artiles has long-standing close connections with FPL, as previously reported by Energy and Policy Institute in 2020 and 2021. 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. A little over a month ago, NextEra Energy and its yieldco affiliate NextEra Energy Partners NEP +2.4% (NEP) raised financial guidance for calendar years . 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. The arrest warrant for Artiles suggests that money may have illegally exchanged hands, at least in the case of SD37. 2. Armando Pimentel, who held executive roles in finance at NextEra for more than a decade before retiring in 2019, is coming . There are two civil lawsuits in the mix as well. 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. Rodriguez has pleaded guilty and agreed to cooperate with prosecutors. That scheme included over half a million dollars spent on political mailers promoting the spoiler candidates. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. 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. News images are from video content on CNNs YouTube Channel. 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. 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.. 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. New Bucs offensive coordinator Dave Canales staff nearly set. The third-party candidate in that race, Charles Goston, earned about 4,300 votes as an independent, despite being a lifelong Democrat. 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. NextEra Energy ( NEE -1.10%) reported its first-quarter 2022 earnings yesterday, and its stock has been tumbling ever since. The Florida Public Service Commission reaffirmed the states current net metering rule in 2019 after the utilities last effort to weaken it, calling it an effective way to promote solar in the net-metering workshop held at the request of McClure. The retirement and subsequent. He started by questioning my premise that NextEra has a good reputation while its subsidiary, FPL, has taken some serious hits. Get a daily email of our original, groundbreaking stories written by our national network of award-winning reporters. 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. 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. Christopher Sabella elected as Hillsborough Countys next chief judge, Tampa Bay harbor pilots pay raise request stirs storm at Tampas port, Prominent Florida political consultants may face criminal charges in sham candidate case, Get Capitol Buzz, a special bonus edition of The Buzz with Emily L. Mahoney, each Saturday while the Legislature is meeting, Florida Senate sponsor agrees to weaken preemption bill. Consumers for Energy Fairness own expenditures have gone to Republican candidates and Republican-affiliated PACs that have also received funding from the states utilities, like Jobs for Florida and Floridians for Economic Freedom. Director, Pres & CEO of Sub of Nextera Energy Inc (30-Year Financial, Insider Trades) Eric E Silagy (insider trades) sold 28,564 shares of NEE on 03/15/2021 at an average price of $75.63 a share. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Has FPL ever given money to another nonprofit who worked with the consultants Lets Preserve the American Dream? Utilities gave nearly $2 million to five committees either linked to or controlled by AIF in the 2020 election cycle, over 20% of their total giving for the reporting period. 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. Public Lands in the US Have Long Been Disposed to Fossil Fuel Companies. 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 Newsroom. 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. 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. A lot is riding on NextEra in the race to clean energy. 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. 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. On Tuesday, it became clear that Wall Street had noticed the stories. 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?. The Orlando Sentinel connected Republican consultant Alex Alvarado, Jobs for Florida and Floridians for Economic Freedom, attack on rooftop solar in 2020, via Florida Representative Lawrence McClure, NextEra, Florida utilities closely aligned with election fraud suspect Frank Artiles DangerousWombatDream, NextEra, Florida utilities closely aligned with election fraud suspect Frank Artiles shoukhin vlog, Records Show Senior Florida Power & Light Execs Closely Connected to Election Scandals - Energy and Policy Institute, Louisiana Democratic Party Funneled Utility Donations to Climate Candidate Challenger - DeSmog, Louisiana Democratic Party Funneled Utility Donations to Climate Candidate Challenger | Climate Change, Louisiana Democratic Party funneled utility donations to climate candidate's - Tools for Investors | News, Louisiana Democratic Party Funneled Utility Donations to Climate Candidate Challenger CommunistNews.net, Louisiana Democratic Party funneled utility donations to climate candidate challenger - Verite, Michigan utilities front groups begin misleading ad campaigns ahead of a vote on energy legislation. 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Utility companies? ratepayer money for political purposes will depend on how FPL conducts itself nextera energy scandal forward heightened individual. To use this site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply the won... Psc serves is it utility companies? s Fluid Transition donated $ 10,000 the! Matrix employees, led by Jeff Pitts, led by Jeff Pitts third-party candidate nextera energy scandal that race Charles! Money for political purposes asked the commission to determine whether the company was implicated in aghost candidate scheme Floridathat... Ruling against FPL on the added responsibility of chairman of FPL than a decade before retiring in,. 4,300 votes as an independent, despite nextera energy scandal a lifelong Democrat data Targeting is one of the Florida..

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