nextera energy scandal

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. 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 helped build NextEra Energy Resources and seemed to choose his retirement as opposed to being forced out, the former colleague said. All quotes delayed a minimum of 15 minutes. 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. 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. Consultants who control Grow United billed FPL for over $3 million before the entity started moving funds around for the election scheme. 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. We can do so much more on student loan forgiveness. The state recently joined New York and California in passing such laws, eliciting both support and pushback. 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. 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. 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. [], [] has not shied away from shady political dealings in the past. In 2017, Perry voted in support of NextEras exploratory fracking legislation while serving on the Communications, Energy and Public Utilities Committee chaired by Artiles. Herald/Times Tallahassee Bureau. The no-party candidate, Alexis Alex Rodriguez, who did not campaign, received more than 6,000 votes. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Date. The races for Senate District 9 and 39 followed the same pattern. Definition & Eligibility, Norwegian Plans Pricing Move That Royal Caribbean, Carnival Might Follow. 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. According to reporting from the Orlando Sentinel, a broad criminal investigation is underway in Miami, with felony charges against former Senator Frank Artiles, and the spoiler candidate in District 37 has pled guilty. 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. All . Please support our work with a digital subscription. 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. 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 NextEras crown jewel utility, analysts say: stay out of the headlines. 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. One part of that is to convert gas-fired power plants to run on hydrogen. Fargo, ND, USA / The Mighty 790 KFGO | KFGO. An abandoned shovel is to blame. 10 Takeaways from the IEA's Newest World Energy Outlook. 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.. A digest of the most pressing climate-related news, released every Tuesday and Friday. You can reach her at meklas@miamiherald.com and on Twitter @MaryEllenKlas. Entergy, which donated $10,000 to the Party and [], [] has not shied away from shady political dealings in the past. That's a tax rate of just 1.25 percent over that period, when the . NextEra Energy Newsroom. 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. In the 2020 cycle alone, the Florida Republican Senate Campaign Committee (FRSCC) reported over $7 million dollars in expenditures to Data Targeting, for services including research, polling, advertising, campaign staff, and line items only reported as consulting. Nearly $183,000 of FRSCCs spending with Data Targeting was earmarked for the Senate District 37 race, the same race that led to Artiles arrest. 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. NextEra was a traditional utility company when it was started in 1925. (Rooftop solar systems generally last for 25 years or longer.) We got into this program and its not helping like its supposed to, said Quintin Nelms, who has faced a long wait for his rebate. The company, which has its main office in Spain, is hinting at job cuts, as Isla Binnie reports for Reuters. 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. Heres the details, Miami Beach wants this nightclub to stop liquor sales at 2 a.m. A lot is riding on NextEra in the race to clean energy. "Even if you put somebody who is a perfectly fine individual with a financial background and doesn't have this aggressive history it doesn't necessarily make up for the fact of all that did happen in very recent history," Schafer said. 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. They may have to wait until prosecutors investigate for answers, but Artiles history and ties to Florida utilities may provide some clues. At NextEra Energy, we're committed to our core values of being committed to excellence, doing the right thing and treating people with respect. Alabama political firm and former NextEra consultant Matrix LLC, led by Joe Perkins, sued Canopy LLC, another firm allegedly working with NextEra. The legislators responded on Jan. 10, saying they considered the PSCs review incomplete given the news stories. For example, Richard Alexander, who lives in Cullman, Ala., and 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. 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 you havent already subscribed, please consider buying a print or digital subscription. An internal NextEra investigation found no wrongdoing, executives on the companys latest earnings call said, adding that Silagys departure was unrelated to any controversies. 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. Inside Clean Energy is ICNs weekly bulletin of news and analysis about the energy transition. 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. Gostons campaign was largely funded by Republicans with ties to Perry, as reported by the Gainesville Sun. 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. 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. 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?. Entergy, which donated $10,000 to the Party [], [] has not shied away from shady political dealings in the past. [] 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. Who will build the $6 billion road and bridge projects underway in Tampa Bay? Every day or once a week, our original stories and digest of the webs top headlines deliver the full story, for free. Goston claimed he did not know or care where the money supporting his candidacy came from, according to the Gainesville Sun. In response to the stories, FPL has repeatedly denied any wrongdoing. The arrest warrant for Artiles suggests that money may have illegally exchanged hands, at least in the case of SD37. Republican Ileana Garcia won the election by 32 votes. News images are from video content on CNNs YouTube Channel. 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 consultant behind Gostons campaign was Patrick Jay Bainter, the owner of a Republican political consulting firm, Data Targeting. Now, the Lands Are Being Offered to Solar Companies. 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. Operator: Good morning, and welcome to the NextEra Energy and NextEra Energy Partners Fourth Quarter 2022 Earnings Call. 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. Additionally, the bill limits any grandfathering into the current policy to ten years, while many systems in Florida are financed beyond that timeframe, which means that customers who bought solar panels under the current net metering policy would see the value of their investments sharply decrease. 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. 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. Kirk Crews, CFO, NextEra Energy NEE -0.6%. as reported by the Energy and Policy Institute. An early adopter of renewable power generation, NextEra is the third-largest U.S. energy company by market capitalization behind Exxon Mobil and Chevron. Alissa Jean Schafer is a research and communications specialist at the Energy and Policy Institute. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. Where the scorpions on the corner just might kill you. 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. Artiles has pleaded not guilty to the charges. Community Solar Is About to Get a Surge in Federal Funding. 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. 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.. 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 . The firm, which also includes consultants Matt Mitchell and Michael Sheehan, came under intense scrutiny for their role in Floridas redistricting and were required to turn in over 1,800 pages of records as part of a lawsuit filed by Fair District voting-rights groups in 2013. 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. 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. 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. 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. Energy Fairness played a role in setting up an attack on rooftop solar in 2020, via Florida Representative Lawrence McClure. 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 The industry leader for online information for tax, accounting and finance professionals. AIF has close financial ties to Floridas investor owned utilities, as EPI has documented. 11/22/2021. The Defendant, NextEra Energy Resources, LLC ("NextEra"), is the largest wind energy generator in the world and operates over 100 wind energy facilities nationwide. 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 . Sign up for our newsletter: Get Capitol Buzz, a special bonus edition of The Buzz with Emily L. Mahoney, each Saturday while the Legislature is meeting. 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. Our #1 newsletter delivers the weeks climate and energy news our original stories and top headlines from around the web. Artiles faces multiple felony charges in connection to an alleged election scheme that successfully ousted Senator Jose Javier Rodriguez, a long-time climate advocate. 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. CTRL + SPACE for auto-complete. Id. 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. 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. Dan Gearinos habit-forming weekly take on how to understand the energy transformation reshaping our world. 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. 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 Miami Herald has confirmed that NextEra has been conducting an internal investigationon FPLs involvement in the ghost candidate scheme. 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. 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. "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. Mexican developer wants to build condos on the land starting at $3 million apiece. 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? By continuing to use this site, you accept this policy. 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. You want to measure economic success? 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. In the race for Perrys seat in 2018, an organization called Broken Promises donated over $130,000 to the political committee Friends of Charles Goston.. (Reporting by Laila Kearney; Editing by Josie Kao). 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. Our Standards: The Thomson Reuters Trust Principles. Though the Florida Power & Light scandal is one of the more recent topics bringing NextEra to the forefront of public attention, the company is certainly no stranger to controversy. So What Is Community Solar? 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. Artiles checkered past culminated with his resignation from office in 2017 after facing pressure over multiple scandals, including alcohol-fueled racial slurs directed at black members of the Florida Legislature. 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. Broken Promises is one of only two groups that has contributed money to a Florida political committee called Consumers for Energy Fairness. 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. NextEra, TECO, and AIF did not respond to a request for comment. The settlement is the end result of a . 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. Floridas largest utility has a lot of explaining to do after news organizations revealed some unseemly conduct. 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. The no-party candidate, Alexis Alex Rodriguez, who did not campaign, received more than 6,000 votes. The bill also creates a framework to add substantial fees to solar customers, charging them for an alleged cost-shift to non-solar customers. Ive been spending time in Williamsport, Ohio, to look at the debate over the solar proposal. 11/30/2021. NextEra Energy is the largest generator of renewable energy in the United States and possibly the world. Sign up for Mary Ellens newsletter Politics and Policy in the Sunshine State. 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. He came to ICN in 2018 after a nine-year tenure at The Columbus Dispatch, where he covered the business of energy. A similar sounding utility front group, Energy Fairness, is a client of McNicholas & Associates. 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 Want more of our free, weekly newslettersinyourinbox? 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. Watch the Florida Legislature live: The Florida Channel, a public affairs programming service funded by the Legislature, livestreams coverage at thefloridachannel.org. 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