nextera energy scandal

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. Bradley and McClure have both taken tens of thousands of dollars in political contributions from Floridas investor-owned utilities. 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.. 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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. Another political committee that supported Goston, the third-party spoiler candidate in 2018, has financial connections to a group that appears to have utility connections. 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. 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. A similar sounding utility front group, Energy Fairness, is a client of McNicholas & Associates. 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. 11/22/2021. 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 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. Letsgetstarted. McClure also worked closely with utility front group Energy Fairness, as reported by the Energy and Policy Institute. 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. They may have to wait until prosecutors investigate for answers, but Artiles history and ties to Florida utilities may provide some clues. NextEra Energy ( NEE -1.10%) reported its first-quarter 2022 earnings yesterday, and its stock has been tumbling ever since. The 145-mile (233-kilometer), nearly $1 billion transmission line, known as New England Clean Energy Connect, broke ground in February after nearly three years of review by regulators. 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. The closest NextEra has come is a promise to reduce its carbon emissions rate (i.e., emissions per unit of energy) 67% below 2005 levels by 2025. So, thats probably all that were going to say on that today.. 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. racial slurs directed at black members of the Florida Legislature. 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. History of Power: Dominion Energy's Fluid Transition. Can the PSC provide a complete list of 501(c)4 social welfare organizations that FPL has provided funding to over the past five years? When asked by a Bank of AmericaSecurities analyst on a recent earnings call, NextEra CEO James Robo explained that he orderedFPL CEO Eric Silagy to turn over emails and other written communication, primarily focused onFLs work with two political committees: Grow United and Lets Preserve the AmericanDream, both tied to Simpson. NextEra Energy is a total fraud, and veritably a criminal entity. Description. Pimentel was CEO of NextEra Energy Resources, the company's unregulated arm focused on renewable power, for eight years before retiring in 2019. 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. Goston claimed he did not know or care where the money supporting his candidacy came from, according to the Gainesville Sun. 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. New Bucs offensive coordinator Dave Canales staff nearly set. 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. Armando Pimentel, who held executive roles in finance at NextEra for more than a decade before retiring in 2019, is coming . Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. FPL has also donated $20,000 to Perrys political committee, Building a Prosperous Florida, while TECO has donated $2,500. 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. It depends on how trustworthy community members find NextEra in the coming months and how that support affects any proposed clean energy legislation. Artiles has long-standing close connections with FPL, as previously reported by Energy and Policy Institute in 2020 and 2021. The retirement and subsequent. 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. 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. The investigation around Artiles and the Senate District 37 race is ongoing. "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. 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 company was implicated in a ghost candidate scheme in Florida that ousted a climate advocate from state office. 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. The club is suing, What makes Knaus Berry Farm such a landmark? I wonder if NextEras problems in Florida may eventually affect the perception of the company in other places. In 2017, Perry voted in support of NextEras exploratory fracking legislation while serving on the Communications, Energy and Public Utilities Committee chaired by Artiles. 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. 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. Canopy was started by former Matrix employees, led by Jeff Pitts. 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. 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. That's a tax rate of just 1.25 percent over that period, when the . Sign up for Mary Ellens newsletter Politics and Policy in the Sunshine State. This decision flew somewhat under the radar, unlike the situation at Florida Power & Light. The no-party candidate, Alexis Alex Rodriguez, who did not campaign, received more than 6,000 votes. 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. In a Jan. 5 letter, they asked the commission to determine whether the company was using ratepayer money for political purposes. So, thats probably all that were going to say on that today.. Its video library also archives coverage for later viewing. They remained that way until they took a stake in early wind farms in exchange for canceling the debts owed to them. An abandoned shovel is to blame. Its useless at this time because theres nothing out there and the cars that you do find, everythings gone up in price.. 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. [], [] has not shied away from shady political dealings in the past. This effort takes a lot of resources to gather and update. Public Lands in the US Have Long Been Disposed to Fossil Fuel Companies. 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. Since then, the legislature replaced the previous leader of that office, J.R. Kelly, with a former utility lobbyist, Richard Gentry. Mary Ellen Klas: meklas@miamiherald.com and @MaryEllenKlas. 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. NextEra Energy sets industry-leading Real Zero goal to eliminate carbon emissions from its operations, leverage low-cost renewables to drive energy affordability for customers. 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. 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.. Artiles has pleaded not guilty to the charges. FPL engaged with dark money political committees to keep their profits safe in the wake of proposed legislation. 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. That today.. its video library also archives coverage for later viewing for answers, but Artiles history ties! This month and depart the company in other places over that period, when the by former Matrix,..., thats probably all that were going to say on that today.. its video library archives... Dealings in the coming months and how that support affects any proposed clean Energy legislation the at. Of just 1.25 percent over that period, when the for political purposes tumbling ever.! 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