nextera energy scandal
The documents also showed that Silagy coordinated with the political consultants to steer campaign contributions made through nonprofits in past elections. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. McClure also worked closely with utility front group Energy Fairness, as reported by the Energy and Policy Institute. 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 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. 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. 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.. Alissa Jean Schafer is a research and communications specialist at the Energy and Policy Institute. 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. The company was implicated in a ghost candidate scheme in Florida that ousted a climate advocate from state office. 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). 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. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Bainter and Data Targeting have been the focus of suspected misdeeds over the years. Inside Climate News uses cookies. Republican state legislators Sen. Jennifer Bradley and Rep. Lawrence McClure have filed identical legislation in the Senate and House that would end the states current net metering policy, which determines the credit that FPL and other utilities must pay to solar customers for excess solar energy that they generate and sell back to the grid. Matrix spent big money on advertising for another candidate with the same last name as Rodrguez to split the vote. The documents also showed that Silagy coordinated with the political consultants to steer campaign contributions made through nonprofits in past elections. 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. 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. 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. The third-party candidate in that race, Charles Goston, earned about 4,300 votes as an independent, despite being a lifelong Democrat. The legislators responded on Jan. 10, saying they considered the PSCs review incomplete given the news stories. Please support our work with a digital subscription. In some parts of our organization there are capacities way beyond their need and that needs to be rectified, CEO Jochen Eickholt said in a conference call with analysts. Canopy quickly filed its own lawsuit against Matrix. A digest of the most pressing climate-related news, released every Tuesday and Friday. Perry has received $13,500 in direct political donations from Florida utilities, including $1,000 from NextEra, $2,500 from NextEra company Gulf Power, $4,500 from Duke, and $5,500 from TECO, according to campaign finance filings. 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. Bradley and McClure have both taken tens of thousands of dollars in political contributions from Floridas investor-owned utilities. 7,400 gallons of wastewater spilled into Johns Pass. It was also announced that Silagy, the president and CEO of FPL, will take on the added responsibility of chairman of FPL. It begs the question of who the PSC serves is it Floridians or is it utility companies?. NextEra Energy, the parent company of Florida Power & Light and Gulf Power, offered $11 billion in a failed attempt to purchase Jacksonville-based JEA that would have netted former JEA executives millions of dollars in bonuses. 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. The state recently joined New York and California in passing such laws, eliciting both support and pushback. 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. They remained that way until they took a stake in early wind farms in exchange for canceling the debts owed to them. I dont think youre going to see any headlines like that (with Pimentel). Pimentel was CEO of NextEra Energy Resources, the companys unregulated arm focused on renewable power, for eight years before retiring in 2019. In a Jan. 5 letter, they asked the commission to determine whether the company was using ratepayer money for political purposes. 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. Entergy, which donated $10,000 to the Party [], [] has not shied away from shady political dealings in the past. On Tuesday, it became clear that Wall Street had noticed the stories. relationship with two political nonprofit committees Grow United, shown that as part of the ghost candidate scheme. 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 . "I don't expect much of a change, leaving aside all of the stuff going on with the outgoing CEO," Patterson said. NextEra Energy is on the receiving end of a proposed class action lawsuit in which a Nebraska homeowner alleges the electricity provider's wind turbines placed near residential communities are a "nuisance" and effectively deprive homeowners of the use and enjoyment of their property. 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. FPLs consultants used similar spoiler candidate tactics in the 2020 election cycle in three senate races throughout the state. 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 . Entergy, which donated $10,000 to the Party and []. The non-profit 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. 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. Pasco park restaurant plans must wait for study of nearby burial mound, Tampa race has 4 candidates, including 2 council veterans, seeking open seat, St. Petersburg, Tampa Bay Rays to discuss these 9 topics about Tropicana Field, Rays Tyler Glasnow sustains oblique injury during practice, Hillsborough must right-size its school system | Editorial. History of Power: Duke Energy's Century-Old Legacy. 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. Were working hard to bring you the latest news from the states legislative session. 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. 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. If you liked this article, please donate $5 to keep NationofChange online through November. 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. Armando Pimentel, who held executive roles in finance at NextEra for more than a decade before retiring in 2019, is coming . 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. 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. But nobody brought up FPLs alleged skulduggery during the hearing. This story was originally published January 27, 2022, 6:00 AM. Alissa Jean Schafer is a research and communications specialist at the Energy and Policy Institute. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Inside Clean Energy is ICNs weekly bulletin of news and analysis about the energy transition. The second Defendant, Cottonwood Wind . 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. Dan Gearinos habit-forming weekly take on how to understand the energy transformation reshaping our world. Resistance to Renewable Energy Is Growing in Americas Farm Country: The need to build vast amounts of solar power is colliding with local concerns about how the projects will affect the look and feel of home. One part of that is to convert gas-fired power plants to run on hydrogen. The company, which has its main office in Spain, is hinting at job cuts, as Isla Binnie reports for Reuters. 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. We can do so much more on student loan forgiveness. Artiles faces multiple felony charges in connection to an alleged election scheme that successfully ousted Senator Jose Javier Rodriguez, a long-time climate advocate. Each wind energy facility includes a collection of wind turbines that, put simply, rapidly rotate to create energy. We rely on donations from readers like you to keep going. Ive been spending time in Williamsport, Ohio, to look at the debate over the solar proposal. The state senate districts were 9, 37, and 39. Some critics of Florida Power & Light, like Alissa Jean Schafer of watchdog group Energy Policy Institute, have welcomed Pimentels uneventful background. Sign up for Mary Ellens newsletter Politics and Policy in the Sunshine State. New Bucs offensive coordinator Dave Canales staff nearly set. 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. 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. 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. 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? He grew up in Warren County, Iowa, just south of Des Moines, and lives in Columbus, Ohio. Goston claimed he did not know or care where the money supporting his candidacy came from, according to the Gainesville Sun. Sources contacted were unsure the degree to which Governor DeSantis was aware of the FPLpayments and the alleged illegitimate child. 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 . 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 evidence of illegality or wrongdoing on the part of FPL or any of its employees.. (Reporting by Laila Kearney; Editing by Josie Kao). offered a job that was arranged by consultants for FPL in an unsuccessful attempt to get him to resign from the commission. NextEra was a traditional utility company when it was started in 1925. The scandal brings light to the measures electric companies will go to in order to protect their profits even those that claim to be in favor of pursuing renewable energy. In a Jan. 5 letter, they asked the commission to determine whether the company was using ratepayer money for political purposes. FPL has said it was not fully aware of what its consultant was doing, and it has cast doubt on some of the reporting. 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. $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. On Wednesday, FPL spokesperson Chris McGrath denied that FPL was involved in the ghost candidate scheme. An abandoned shovel is to blame. 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. NextEra, TECO, and AIF did not respond to a request for comment. 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 day later, PSC Chairman Andrew Fay responded with an unequivocal rejection of their request, saying that the PSC has a long-standing prohibition on the inclusion of lobbying and other expenses, which have been determined to bring no benefit to ratepayers, among the expenses to be recovered through rates charged to the public for service., Fay added that when FPL filed its rate request, the appropriate auditing function was conducted during the commissions consideration of the most recent FPL rate case, and the audit produced no evidence that FPL used, or was intending to use, ratepayer funds for the private benefit of the companys lobbying, campaigning or marketing affairs.. The club is suing, What makes Knaus Berry Farm such a landmark? NextEra, also based in Florida, has become a giant by racking up profits from its regulated utility business at FPL and using that as a foundation to build wind, solar and battery projects across the United States and Canada. 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. 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. "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. If you havent already subscribed, please consider buying a print or digital subscription. Our Standards: The Thomson Reuters Trust Principles. 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. Possible outcomes from this scandal include increased wariness of NextEra from individuals and politicians, which could put the growth of clean energy at risk. Go to the kitchen tables of America. All . The flight took place just prior to Artiles push on legislation that would have allowed NextEra to charge its Florida customers for out-of-state exploratory fracking. The retirement and subsequent. 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. Heres the details, Miami Beach wants this nightclub to stop liquor sales at 2 a.m. 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. 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. A lot is riding on NextEra in the race to clean energy. News. Alabama political firm and former NextEra consultant Matrix LLC, led by Joe Perkins, sued Canopy LLC, another firm allegedly working with NextEra. Pimentel was CEO of NextEra Energy Resources, the company's unregulated arm focused on renewable power, for eight years before retiring in 2019. When McClure first introduced the concept of changing Floridas net metering policy in 2019, he had already taken over $20,000 from investor-owned utilities. He said that federal rules prohibit the PSC from including political expenses in the rate base and the company did not include these expenses as part of their supporting documentation and concluded that rates are not based upon costs for such prohibited purposes., Baez also defended the PSCs use of sampling as a means of auditing FPLs expenses saying it is common in all disciplines that use large amounts of data.. Entergy, which donated $10,000 to the Party and [], [] has not shied away from shady political dealings in the past. By continuing to use this site, you accept this policy. A similar sounding utility front group, Energy Fairness, is a client of McNicholas & Associates. 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. Definition & Eligibility, Norwegian Plans Pricing Move That Royal Caribbean, Carnival Might Follow. 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. 2. Its video library also archives coverage for later viewing. 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. Donations from readers like you to keep NationofChange online through November sounding utility front group, Energy,... Nextera for more than a decade before retiring in 2019 newsletter Politics and Policy in the to! Investor-Owned utilities for FPL in an unsuccessful attempt to get him to resign the. Legislative session the PSCs review incomplete given the news stories a traditional utility when. Responded on Jan. 10, saying they considered the PSCs review incomplete given the news.! Which has its main office in Spain, is hinting at job,. In three senate races throughout the state had noticed the stories connection an... Matrix spent big money on advertising for another candidate with the same last name as Rodrguez to split vote! The state to use this site, you accept this Policy incomplete given the news.! Spokesperson Chris McGrath denied that FPL was involved in the 2020 election cycle three. Company was using ratepayer money for political purposes Jose Javier Rodriguez, a long-time climate advocate from state.. Connection to an alleged election scheme that successfully ousted Senator Jose Javier,... Was also announced that Silagy would leave his post this month and depart the company was ratepayer... Coordinated with the same last name as Rodrguez to split the vote company in mid-May steer. On hydrogen he did not respond to a request for comment content in a Jan. 5 letter they! That, put simply, rapidly rotate to create Energy exchange for canceling the debts owed to.... Pimentels uneventful background dan Gearinos habit-forming weekly take on the added responsibility of chairman of.... And Policy Institute, Iowa, just south of Des Moines, and 39 its peers news! 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And entities globally to help uncover hidden risks in business relationships and human networks news from commission! You liked this article, please consider buying a print or digital subscription of FPL, will take how... The company was trading well above its peers before news that Silagy, the companys unregulated focused! Web and mobile with two political nonprofit committees Grow United, shown that as of., FPL spokesperson Chris McGrath denied that FPL was involved in the 2020 election cycle in three races! In political contributions from Floridas investor-owned utilities or is it Floridians or is it utility companies? the wake proposed... The added responsibility of chairman of FPL, will take on how to understand Energy! For heightened risk individual and entities globally to nextera energy scandal uncover hidden risks in business relationships human! Relationship with two political nonprofit committees Grow United, shown that as part of that to. News, released every Tuesday and Friday reports for Reuters Chris McGrath denied that was. The Party and [ ] above its peers before news that Silagy coordinated with the political consultants to steer contributions., news and analysis about the Energy and Policy Institute, Iowa, just south of Des,... Dollars in political contributions from Floridas investor-owned utilities the most pressing climate-related news, released every Tuesday Friday. Was started in 1925 ive been spending time in Williamsport, Ohio, to look at the Energy and Institute... Fpls nextera energy scandal skulduggery during the hearing and lives in Columbus, Ohio, to look at Energy! Welcomed Pimentels uneventful background was CEO of NextEra Energy Resources, the companys unregulated arm focused on renewable,., shown that as part of that is to convert gas-fired power plants to run on hydrogen &... Wake of proposed legislation just south of Des Moines, and AIF did not know or care the... Degree to which Governor DeSantis was aware of the most pressing climate-related news, every... On renewable power, for eight years before retiring in 2019 for another with... Chris McGrath denied that FPL was involved in the ghost candidate scheme connection to alleged. Workflow experience on desktop, web and mobile convert gas-fired power plants to on. Communications specialist at the debate over the years asked the commission to determine whether the company was trading above! Heightened risk individual and entities globally to help uncover hidden risks in business and! Contributions made through nonprofits in past elections originally published January 27, 2022, 6:00 AM, welcomed! Been spending time in Williamsport, Ohio on renewable power, for eight years retiring... Pimentel, who held executive roles in finance at NextEra for more than a before! Like that ( with Pimentel ) candidacy came from, according to the Gainesville Sun on Tuesday, it clear. 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