2. See here for a complete list of exchanges and delays. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Crews said last month in a call with analysts that he is confident in the companys long-term plan to continue increasing development of wind, solar and batteries. He grew up in Warren County, Iowa, just south of Des Moines, and lives in Columbus, Ohio. Dan Gearinos habit-forming weekly take on how to understand the energy transformation reshaping our world. Since then, the legislature replaced the previous leader of that office, J.R. Kelly, with a former utility lobbyist, Richard Gentry. 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. 10 Takeaways from the IEA's Newest World Energy Outlook. An abandoned shovel is to blame. Floridas largest utility has a lot of explaining to do after news organizations revealed some unseemly conduct. 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. Bradley and McClure have both taken tens of thousands of dollars in political contributions from Floridas investor-owned utilities. Possible outcomes from this scandal include increased wariness of NextEra from individuals and politicians, which could put the growth of clean energy at risk. The no-party candidate, Alexis Alex Rodriguez, who did not campaign, received more than 6,000 votes. 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. All . 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. Every day or once a week, our original stories and digest of the webs top headlines deliver the full story, for free. "I don't think you're going to see any headlines like that (with Pimentel).". Has FPL ever given money to another nonprofit who worked with the consultants Lets Preserve the American Dream? NextEra Energy, Inc. (NYSE:NEE) Q4 2022 Earnings Call Transcript. On Wednesday, FPL spokesperson Chris McGrath denied that FPL was involved in the ghost candidate scheme. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Entergy, which donated $10,000 to the Party [], [] has not shied away from shady political dealings in the past. NEW YORK, Feb 28(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 out of the headlines. A lot is riding on NextEra in the race to clean energy. Energy Fairness played a role in setting up an attack on rooftop solar in 2020, via Florida Representative Lawrence McClure. 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. Date. 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. One part of that is to convert gas-fired power plants to run on hydrogen. Public Lands in the US Have Long Been Disposed to Fossil Fuel Companies. 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. Armando Pimentel, who held executive roles in finance at NextEra for more than a decade before retiring in 2019, is coming . 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.. 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. Our #1 newsletter delivers the weeks climate and energy news our original stories and top headlines from around the web. Attack on Rooftop Solar The state senate districts were 9, 37, and 39. Since 2020, Florida-based news organizations have reported about FP&L's role in questionable political and campaign finance-related activity. A day later, Public Service Commission chairperson Andrew Fay responded with an unequivocal rejection of their request, saying that the commission 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.. About NextEra Energy NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. Its video library also archives coverage for later viewing. 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. NextEra Energy is a total fraud, and veritably a criminal entity. 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. Artiles faces multiple felony charges in connection to an alleged election scheme that successfully ousted Senator Jose Javier Rodriguez, a long-time climate advocate. The legislators responded on Jan. 10, saying they considered the PSCs review incomplete given the news stories. Eskamani of Orlando said Baezs response left her unsatisfied. 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 . Download. 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. $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. Id. An early adopter of renewable power generation, NextEra is the third-largest U.S. energy company by market capitalization behind Exxon Mobil and Chevron. 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. NextEra Energy ( NEE -1.10%) reported its first-quarter 2022 earnings yesterday, and its stock has been tumbling ever since. 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. 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. See here for a complete list of exchanges and delays. Each wind energy facility includes a collection of wind turbines that, put simply, rapidly rotate to create energy. 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 . 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. The settlement is the end result of a . 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. 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. 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.. Enforcement for funneling money through a partisan political committee to a ghost candidatescheme that has already resulted in felony charges against five political operatives. His coverage deals with the business side of the clean-energy transition and he writes ICNs Inside Clean Energy newsletter. ICN provides award-winning climate coverage free of charge and advertising. 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 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 . (Rooftop solar systems generally last for 25 years or longer.) A similar sounding utility front group, Energy Fairness, is a client of McNicholas & Associates. Alabama political firm and former NextEra consultant Matrix LLC, led by Joe Perkins, sued Canopy LLC, another firm allegedly working with NextEra. The state recently joined New York and California in passing such laws, eliciting both support and pushback. 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?. CTRL + SPACE for auto-complete. FPL has also donated $20,000 to Perrys political committee, Building a Prosperous Florida, while TECO has donated $2,500. He came to ICN in 2018 after a nine-year tenure at The Columbus Dispatch, where he covered the business of energy. 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. "I don't expect much of a change, leaving aside all of the stuff going on with the outgoing CEO," Patterson said. 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. In one case, one of those three committees got $115,000 from an Associated Industries-controlled group and immediately paid $104,909 to Alvarado Strategies, the Sentinel reported. In response to the stories, FPL has repeatedly denied any wrongdoing. The documents also showed that Silagy coordinated with the political consultants to steer campaign contributions made through nonprofits in past elections. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Mary Ellen Klas: meklas@miamiherald.com and @MaryEllenKlas. 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. Questions about recent news stories came up during NextEras fourth-quarter earnings call with financial analysts. 11/30/2021. 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. Canopy quickly filed its own lawsuit against Matrix. NextEras executives and shareholders have reason to worry, but its too soon to know how much. 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. I dont expect much of a change, leaving aside all of the stuff going on with the outgoing CEO, Patterson said. I wonder if NextEras problems in Florida may eventually affect the perception of the company in other places. 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. 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. 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. Bainter was also heavily involved in Perrys campaign and was suspected by some observers to have orchestrated the funding behind Gostons third-party candidacy, which may have included funds connected to a utility front group. So, thats probably all that were going to say on that today.. On Monday, PSC Executive Director Braulio Baez responded that its not the PSCs job to answer those questions and suggested that the questionable expenses come from shareholder funds, not ratepayers. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. In all races, the Republican won the []. The retirement and subsequent. History of Power: Dominion Energy's Fluid Transition. 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. Campaign created by chips Armstrong Stop rewarding, and PUNISH those masquerading as renewable energy providers, like NextEra Energy Resources, formerly Florida Power & Light, and make them accountable for cleaning up their environmental carnage. A team of ICN reporters led by Marianne Lavelle examined the bill and spoke with outside experts to get an idea of its implications. 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. In the race for Perrys seat in 2018, an organization called Broken Promises donated over $130,000 to the political committee Friends of Charles Goston.. The bill outlines a reduction to the credit, which would dramatically limit the number of people who could affordably lease or buy panels. 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. 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. Where the scorpions on the corner just might kill you. 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. 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. Inside Climate News uses cookies. It depends on how trustworthy community members find NextEra in the coming months and how that support affects any proposed clean energy legislation. Every day or once a week, our original stories and digest of the web's top headlines deliver the full story, for free. Matrix spent big money on advertising for another candidate with the same last name as Rodrguez to split the vote. So What Is Community Solar? We can do so much more on student loan forgiveness. 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. 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. Your source for the latest news and stories from NextEra Energy and its subsidiaries. Veterans for Conservative Principles treasurer was Dave Ramba, whose firm Ramba Consulting Group has lobbied for FPL for years. He helped build NextEra Energy Resources and seemed to choose his retirement as opposed to being forced out, the former colleague said. 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. 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. 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