Even if you put somebody who is a perfectly fine individual with a financial background and doesnt have this aggressive history it doesnt necessarily make up for the fact of all that did happen in very recent history, Schafer said. FPL engaged with dark money political committees to keep their profits safe in the wake of proposed legislation. We can do so much more on student loan forgiveness. Our #1 newsletter delivers the weeks climate and energy news our original stories and top headlines from around the web. The papers also reported that a member of the Jacksonville City Council who didnt want to sell the citys utility company to FPL was offered a job that was arranged by consultants for FPL in an unsuccessful attempt to get him to resign from the commission. Alissa Jean Schafer is a research and communications specialist at the Energy and Policy Institute. You can reach her at meklas@miamiherald.com and on Twitter @MaryEllenKlas. Eskamani of Orlando said Baezs response left her unsatisfied. 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. Description. 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. 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. 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. Their power over utilities in Florida was challenged by legislation proposed by the Democratic Senator of Florida, Jos Javier Rodrguez, in 2019. 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. 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.. JUNO BEACH, Fla., Nov. 2, 2020 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it has entered into an agreement with a subsidiary of NextEra Energy Resources, LLC to . He came to ICN in 2018 after a nine-year tenure at The Columbus Dispatch, where he covered the business of energy. That political power has helped FPL to secure a return on equity of 10.6% in the latest rate increases that it secured from regulators much higher than the national average for utilities. McClure also worked closely with utility front group Energy Fairness, as reported by the Energy and Policy Institute. 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. 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. 10 Takeaways from the IEA's Newest World Energy Outlook. 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. They asked if the PSCs review was enough. 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. 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 is a total fraud, and veritably a criminal entity. Heres the details, Miami Beach wants this nightclub to stop liquor sales at 2 a.m. Gostons campaign was largely funded by Republicans with ties to Perry, as reported by the Gainesville Sun. 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. Broken Promises is one of only two groups that has contributed money to a Florida political committee called Consumers for Energy Fairness. 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. 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. 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.. Prior to his resignation, Artiles fast-tracked pro-utility bills as former chairman of the Florida Senates Communications, Energy and Public Utilities Committee, including one that would have allowed NextEra to charge its Florida customers for exploratory fracking in Oklahoma, an attempted end-run around a Florida Supreme Court ruling against FPL on the matter. Data Targeting is one of the top political consulting firms for the Florida Republican Party. On Tuesday, it became clear that Wall Street had noticed the stories. The raid and arrest came months after Artiles took credit for placing the previously unknown third party candidate, Alex Rodriguez, in the race for Senate District 37, according to a source who asked to remain anonymous out of fear of retaliation, as reported by Miami Herald last December. NextEra Energy, Inc. (NYSE:NEE) Q4 2022 Earnings Call Transcript. You can keep up with her work on her site Environment.co. The no-party candidate, Alexis Alex Rodriguez, who did not campaign, received more than 6,000 votes. 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. 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. 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. 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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 response to the stories, FPL has repeatedly denied any wrongdoing. 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. If you havent already subscribed, please consider buying a print or digital subscription. 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 . 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 team of ICN reporters led by Marianne Lavelle examined the bill and spoke with outside experts to get an idea of its implications. History of Power: Duke Energy's Century-Old Legacy. Watchdog exposing the attacks on renewable energy and countering misinformation by fossil fuel interests. 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 . Entergy, which donated $10,000 to the Party and []. Inside Clean Energy is ICNs weekly bulletin of news and analysis about the energy transition. As the biggest player in the game, investors, politicians, and civilians rely on NextEra to play a major role in encouraging and supporting clean energy legislation. 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. All . racial slurs directed at black members of the Florida Legislature. In Florida, DeSantis May End the Battle Over Rooftop Solar With a Pen Stroke - Corruption by Cops, In Florida, DeSantis May End the Battle Over Rooftop Solar With a Pen Stroke - Earth2, Utility executive contributions surge in Minnesota state senate race - Energy and Policy Institute, Amid Connections to Ongoing Election Scandals, NextEra Pours Millions into Floridas 2022 Election Cycle - Energy and Policy Institute, Southwest Gas aims to make customers pay for its American Gas Association membership dues. 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. Now, the Lands Are Being Offered to Solar Companies. 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. 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. ICN provides award-winning climate coverage free of charge and advertising. Banter reportedly followed Simpsons orders, using the FPL-originated funds to pay FrankArtiles, a lobbyist who was indicted in the scheme last year. 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. Alabama political firm and former NextEra consultant Matrix LLC, led by Joe Perkins, sued Canopy LLC, another firm allegedly working with NextEra. Public Lands in the US Have Long Been Disposed to Fossil Fuel Companies. Inside Climate News uses cookies. 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. Dan Gearino covers the midwestern United States, part of ICNs National Environment Reporting Network. 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 . The industry leader for online information for tax, accounting and finance professionals. 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 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. 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. Simpson, a longtime beneficiary of FPL political giving, may have spent NextEra-originatedfunds, with FPL knowledge, to pay off individuals with knowledge of his illegitimate child inwhat was reportedly known internally as Operation Ginger. The goal of these efforts appearto be to prevent the public from learning about the Senate Presidents indiscretions prior to hisascension to the top position in the state Legislature. 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. Some critics of Florida Power & Light, like Alissa Jean Schafer of watchdog group Energy Policy Institute, have welcomed Pimentel's uneventful background. 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.. Energy Fairness played a role in setting up an attack on rooftop solar in 2020, via Florida Representative Lawrence McClure. 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. 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. 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. 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. 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. 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. It was also announced that Silagy, the president and CEO of FPL, will take on the added responsibility of chairman of FPL. The numbers really are very, very clear here, said Anand Gopal, executive director of strategy and policy for the think tank Energy Innovation. Date. Pulitzer Prize-winning, nonpartisan reporting on the biggest crisis facing our planet. Description. "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. It was also announced that Silagy, the president and CEO of FPL, will take on the added responsibility of chairman of FPL. Has FPL ever given money to another nonprofit who worked with the consultants Lets Preserve the American Dream? 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 political and campaign-finance scandals. 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. 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. 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. 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. NextEra Energy is the largest generator of renewable energy in the United States and possibly the world. Artiles has been connected to Florida utilities, including NextEra and its subsidiary Florida Power and Light (FPL), for years. Canopy quickly filed its own lawsuit against Matrix. The legislators responded on Jan. 10, saying they considered the PSCs review incomplete given the news stories. 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. 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. Herald/Times Tallahassee Bureau. 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. Mexican developer wants to build condos on the land starting at $3 million apiece. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. 7,400 gallons of wastewater spilled into Johns Pass. The consultant behind Gostons campaign was Patrick Jay Bainter, the owner of a Republican political consulting firm, Data Targeting. 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 . Dont miss a beat. The legislators responded on Jan. 10, saying they considered the commissions review incomplete given the news stories. The second group, Mothers for Moderation, a DC-based 501(c)(4) dark-money group with over $15 million in revenue, states that its mission is to advocate for policies that benefit women, according to its 2018 IRS filings. 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. You want to measure economic success? 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. His coverage deals with the business side of the clean-energy transition and he writes ICNs Inside Clean Energy newsletter. 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. Licensed under a Creative Commons Attribution 3.0 License by Energy and Policy Institute. 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. SAC 1-2. Consultants who control Grow United billed FPL for over $3 million before the entity started moving funds around for the election scheme. 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. 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. His political committee, Veterans for Conservative Principles, received nearly $13,000 from NextEra and $5,000 from Duke. Before that, he covered politics and business in Iowa and in New Hampshire. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The Florida Legislative Session begins January 11, 2022. The club is suing, What makes Knaus Berry Farm such a landmark? Attack on Rooftop Solar 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. NextEra boasts that it is a green energy leader and the world's largest generator of wind energy all true but its assets are not all green. 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. 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