nextera energy scandal

The company was implicated in aghost candidate scheme in Floridathat ousted a climate advocate from state office. 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?. The third-party candidate in that race, Charles Goston, earned about 4,300 votes as an independent, despite being a lifelong Democrat. 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. Matrix spent big money on advertising for another candidate with the same last name as Rodrguez to split the vote. The messy business of being 'green'. 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. The company was implicated in a ghost candidate scheme in Florida that ousted a climate advocate from state office. 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. He grew up in Warren County, Iowa, just south of Des Moines, and lives in Columbus, Ohio. This decision flew somewhat under the radar, unlike the situation at Florida Power & Light. 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. Watch the Florida Legislature live: The Florida Channel, a public affairs programming service funded by the Legislature, livestreams coverage at thefloridachannel.org. 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. 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. New Bucs offensive coordinator Dave Canales staff nearly set. 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.. Your source for the latest news and stories from NextEra Energy and its subsidiaries. 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?. 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. "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. Definition & Eligibility, Norwegian Plans Pricing Move That Royal Caribbean, Carnival Might Follow. 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. racial slurs directed at black members of the Florida Legislature. 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. I wonder if NextEras problems in Florida may eventually affect the perception of the company in other places. 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. Florida Power & Light Co - FLPTL.PK - DELISTED, Dow and X-energy to build U.S. Gulf Coast nuclear demonstration plant, Oil slips as rising supplies balance Chinese demand hopes, Reporting by Laila Kearney; Editing by Josie Kao, Exclusive: Biden administration to move on Midwest ethanol-blended gasoline rule this week -sources, Greta Thunberg detained by Norway police during pro-Sami protest, Western US cities vote to move ahead with novel nuclear power plant, Chevron CEO does not rule out consolidation among oil majors, How Elon Musk has missed his targets on delivering affordable cars, Dollar Tree sees weak 2023 profit as costs mount, shoppers curb spending, Tesla's new Mexico plant could create up to 6,000 jobs - foreign ministry official, Exclusive news, data and analytics for financial market professionals. In 2018, state Sen. Keith Perry won re-election against Democrat Kayser Enneking by about 2,000 votes, due in large part to a third-party former Democrat candidate likely pulling votes away from Enneking. News. A lot will depend on how FPL conducts itself moving forward. All . 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. We can do so much more on student loan forgiveness. History of Power: Duke Energy's Century-Old Legacy. 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. A look at the changing global population. The company was implicated in aghost candidate scheme in Floridathat ousted a climate advocate from state office. His coverage deals with the business side of the clean-energy transition and he writes ICNs, turning a news website into a mouthpiece for the utility, Seaport Global Securities downgraded NextEras stock, A team of ICN reporters led by Marianne Lavelle examined the bill. Broken Promises is one of only two groups that has contributed money to a Florida political committee called Consumers for Energy Fairness. 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. Herald/Times Tallahassee Bureau. 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. China: A World Powerhouse . Last week, Seaport Global Securities downgraded NextEras stock from buy to neutral, citing concerns about growing media scrutiny of FPLs lobbying practices. But NextEras stock price has risen since then, largely in reaction to Sen. Joe Manchins announcement he is supporting clean energy legislation, which is good news for companies developing wind, solar and batteries. 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 investigation by the Federal Election Commission into the companys political giving. They remained that way until they took a stake in early wind farms in exchange for canceling the debts owed to them. 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. Write CSS OR LESS and hit save. Our #1 newsletter delivers the weeks climate and energy news our original stories and top headlines from around the web. So, thats probably all that were going to say on that today.. Licensed under a Creative Commons Attribution 3.0 License by Energy and Policy Institute. 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. 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. offered a job that was arranged by consultants for FPL in an unsuccessful attempt to get him to resign from the commission. 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. Since then, the legislature replaced the previous leader of that office, J.R. Kelly, with a former utility lobbyist, Richard Gentry. The club is suing, What makes Knaus Berry Farm such a landmark? NextEra Energy Newsroom. [] 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. 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. 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. 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 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 . Will 2022 mark the turning point in the climate crisis? He started by questioning my premise that NextEra has a good reputation while its subsidiary, FPL, has taken some serious hits. Goston claimed he did not know or care where the money supporting his candidacy came from, according to the Gainesville Sun. 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. They asked if the PSCs review was enough. Download. Mexican developer wants to build condos on the land starting at $3 million apiece. An abandoned shovel is to blame. FPL this year announced a plan it calls Real Zero to completely eliminate carbon emissions from its operations by 2045. 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. They cited 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 commissions own documents in the rate case. 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 investigation by the Federal Election Commission into the company's political giving. Where did the $4 million paid by FPL to consultants working with Grow United, the nonprofit organization that funded the ghost candidate advertising, originate from and what was it spent on? Nowhere in its 2021 ESG report does NextEra even mention methane . The energy company that runs the Florida Power & Light utility, as. In response to the stories, FPL has repeatedly denied any wrongdoing. 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 . 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. Veterans for Conservative Principles treasurer was Dave Ramba, whose firm Ramba Consulting Group has lobbied for FPL for years. Ive been spending time in Williamsport, Ohio, to look at the debate over the solar proposal. 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. 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. 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 on Tuesday. Heres the details, Miami Beach wants this nightclub to stop liquor sales at 2 a.m. Resign from the commission did not know or care where the money his! Ghost candidate scheme in Floridathat ousted a climate advocate from state office Conservative Principles treasurer nextera energy scandal Ramba... Wonder if NextEras problems in Florida that ousted a climate advocate from state office What makes Knaus Berry such. 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