CTRL + SPACE for auto-complete. If NextEra is to be the model of a sustainable energy giant, it must shed its brown assets. They remained that way until they took a stake in early wind farms in exchange for canceling the debts owed to them. Dan Gearino covers the midwestern United States, part of ICNs National Environment Reporting Network. 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. Sign up for Mary Ellens newsletter Politics and Policy in the Sunshine State. You can reach her at meklas@miamiherald.com and on Twitter @MaryEllenKlas. 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. 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 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Bradleys political committee, Women Building the Future, has taken $47,500 from investor-owned utilities, with $12,500 coming from NextEra Energy and $35,000 from TECO. 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. Questions about recent news stories came up during NextEras fourth-quarter earnings call with financial analysts. 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. An early adopter of renewable power generation, NextEra is the third-largest U.S. energy company by market capitalization behind Exxon Mobil and Chevron. Its useless at this time because theres nothing out there and the cars that you do find, everythings gone up in price.. 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. Where the scorpions on the corner just might kill you. 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.. There are two civil lawsuits in the mix as well. John Ketchum, a 19-year veteran of NextEra Energy, is named president and chief executive officer (CEO), NextEra Energy.He will report directly to the NextEra Energy, Inc. Board of Directors. 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. That said, he acknowledges there is a cognitive dissonance between NextEras status as a major player in the transition to renewable energy and FPLs status as a utility that relies heavily on fossil fuels, with a reputation for fighting dirty in defending its interests. 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. 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. We deliver climate news to your inbox like nobody else. "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. 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. Write CSS OR LESS and hit save. Every day or once a week, our original stories and digest of the web's top headlines deliver the full story, for free. 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. The state senate districts were 9, 37, and 39. A team of ICN reporters led by Marianne Lavelle examined the bill and spoke with outside experts to get an idea of its implications. 11/30/2021. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The settlement is the end result of a . NextEra Energy Resources, LLC is a clean energy leader and is one of the largest wholesale generators of electric power in the U.S., with approximately 23,900 megawatts of total net generating . See here for a complete list of exchanges and delays. 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. The industry leader for online information for tax, accounting and finance professionals. 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). Description. (Rooftop solar systems generally last for 25 years or longer.) [], [] has not shied away from shady political dealings in the past. 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. A similar sounding utility front group, Energy Fairness, is a client of McNicholas & Associates. 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. By continuing to use this site, you accept this policy. 11/22/2021. This story was originally published January 27, 2022, 6:00 AM. 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. It was also announced that Silagy, the president and CEO of FPL, will take on the added responsibility of chairman of FPL. An early adopter of renewable power generation, NextEra is the third-largest U.S. energy company by market capitalization behind Exxon Mobil (XOM.N) and Chevron (CVX.N). NextEra's renewable arm, NextEra Energy Resources, had about 5,000 employees by the end of 2019, not counting construction jobs for new projectsinformation the company doesn't disclose . The other candidate later revealed that he had been bribed to run. I believe that NextEra is a respectable developer, said Jeremy Welch, testifying at the hearing on behalf of a union that supports the project. 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. NextEra Energy (NE) is currently under investigation by the Florida Department of Law Derek Robins June 26, 2022 Business Enforcement for funneling money through a partisan political committee to a "ghost candidate" scheme that has already resulted in felony charges against five political operatives. Floridas largest utility has a lot of explaining to do after news organizations revealed some unseemly conduct. 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. Republican Ileana Garcia won the election by 32 votes. 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 . 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. News images are from video content on CNNs YouTube Channel. Entergy, which donated $10,000 to the Party and [], [] has not shied away from shady political dealings in the past. News. Watch the Florida Legislature live: The Florida Channel, a public affairs programming service funded by the Legislature, livestreams coverage at thefloridachannel.org. Entergy, which donated $10,000 to the Party [], [] 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 . 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. Pimentel has been a well-known but low-key power industry figure whose familiarity with NextEra suggests he will provide consistent leadership for with NextEras top subsidiary, said Glenrock Associates utility analyst Paul Patterson. 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Canopy was started by former Matrix employees, led by Jeff Pitts. 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 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. Eskamani of Orlando said Baezs response left her unsatisfied. The biggest user of the tax credit is Florida-based NextEra Energy, the nation's eighth-largest power producer. 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. 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. 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. The proposed bill would allow landlords to sell cheap solar panels to their tenants. 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. 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. 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? So, thats probably all that were going to say on that today.. 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. 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. 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