nextera energy scandal

A former NextEra colleague of Pimentels, who spoke on the condition of anonymity, said Pimentel was a straightforward, fact-based and driven coworker with a calm temperament. You can reach her at meklas@miamiherald.com and on Twitter @MaryEllenKlas. I dont have very many neighbors talk to me anymore, said Mark Schein, a retired farmer who upset people by leasing his property for the project, along with about a dozen others in the community. 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 . "Even if you put somebody who is a perfectly fine individual with a financial background and doesn't have this aggressive history it doesn't necessarily make up for the fact of all that did happen in very recent history," Schafer said. 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. NextEra Energy Resources, LLC is a clean energy leader and is one of the largest wholesale generators of electric power in the U.S., with approximately 23,900 megawatts of total net generating . 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. Republican Ileana Garcia won the election by 32 votes. Since the publication of that article, McClure has taken an additional $8,500 in political contributions from Florida investor-owned utilities; $1,000 from NextEra Energy to his campaign directly, and $7,500 from Duke Energy to McClures political committee, Conservative Florida. $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. Fargo, ND, USA / The Mighty 790 KFGO | KFGO. Gostons campaign was largely funded by Republicans with ties to Perry, as reported by the Gainesville Sun. 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 . NextEra, TECO, and AIF did not respond to a request for comment. 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 . The settlement is the end result of a . Enforcement for funneling money through a partisan political committee to a ghost candidatescheme that has already resulted in felony charges against five political operatives. 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.. He grew up in Warren County, Iowa, just south of Des Moines, and lives in Columbus, Ohio. The investigation around Artiles and the Senate District 37 race is ongoing. Republican Ileana Garcia won the election by 32 votes. On Tuesday, it became clear that Wall Street had noticed the stories. 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. His coverage deals with the business side of the clean-energy transition and he writes ICNs Inside Clean Energy newsletter. The club is suing, What makes Knaus Berry Farm such a landmark? Rodrguez lost his Senate seat the following year, resulting in Republicans gaining control of the Florida Senate. 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. In 2017, Perry voted in support of NextEras exploratory fracking legislation while serving on the Communications, Energy and Public Utilities Committee chaired by Artiles. 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. A lot is riding on NextEra in the race to clean energy. Sources explain that inthe scheme, Senate President Wilton Simpson, a Republican endorsed by both PresidentDonald Trump and Governor Ron DeSantis, received FL contributions through the FloridaRepublican Senatorial Campaign Committee (FRSCC). Simpson, through the FRSCC, then paid $7.2 million of this money to longtime ally Pat Bainterand Gainesville, Florida-based Republican campaign firm Data Targeting, reportedly directingthem to use the funds to support three independent candidates who would run as purportedliberals to siphon votes away from the legitimate Democrat Party candidate. The no-party candidate, Alexis Alex Rodriguez, who did not campaign, received more than 6,000 votes. (Reporting by Laila Kearney; Editing by Josie Kao). 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. 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. A digest of the most pressing climate-related news, released every Tuesday and Friday. 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. The bill also creates a framework to add substantial fees to solar customers, charging them for an alleged cost-shift to non-solar customers. Unlike other companies that actively work toward creating clean energy, NextEra stumbled into the renewable energy industry somewhat unintentionally. FPL has also donated $20,000 to Perrys political committee, Building a Prosperous Florida, while TECO has donated $2,500. The Defendant, NextEra Energy Resources, LLC ("NextEra"), is the largest wind energy generator in the world and operates over 100 wind energy facilities nationwide. 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. Date. The company, which has its main office in Spain, is hinting at job cuts, as Isla Binnie reports for Reuters. The Miami Herald has confirmed that NextEra has been conducting an internal investigationon FPLs involvement in the ghost candidate scheme. 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. 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. An internal NextEra investigation found no wrongdoing, executives on the companys latest earnings call said, adding that Silagys departure was unrelated to any controversies. 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. 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. ESI Energy LLC, Wholly Owned Subsidiary of Nextera Energy Resources LLC, Is Sentenced After Pleading Guilty to Killing and Wounding Eagles in Its Wind Energy Operations, in Violation of the Migratory Bird Treaty Act | USAO-EDCA | Department of Justice Share Department of Justice U.S. Attorney's Office Eastern District of California 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. FPLs consultants used similar spoiler candidate tactics in the 2020 election cycle in three senate races throughout the state. That scheme included over half a million dollars spent on political mailers promoting the spoiler candidates. 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. Will 2022 mark the turning point in the climate crisis? Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Canopy quickly filed its own lawsuit against Matrix. Entergy, which donated $10,000 to the Party [], [] has not shied away from shady political dealings in the past. Pulitzer Prize-winning, nonpartisan reporting on the biggest crisis facing our planet. Canopy was started by former Matrix employees, led by Jeff Pitts. In the midst of Florida Power & Lights push to dismantle a key rooftop solar policy in the state, new documents reveal that senior executives at the utility are closely connected to an ongoing election scandal and subsequent investigations, having personally coordinated with the consultants who moved millions of dollars to promote three spoiler candidates in 2020 state senate races. 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. Canopy was started by former Matrix employees, led by Jeff Pitts. Floridas largest utility has a lot of explaining to do after news organizations revealed some unseemly conduct. He pointed to some of NextEras conduct outside of Florida, like its opposition to a power line in Maine that would have delivered renewable energy from Canada and harmed the market for a nuclear plant co-owned by the company. If you havent already subscribed, please consider buying a print or digital subscription. 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. The biggest user of the tax credit is Florida-based NextEra Energy, the nation's eighth-largest power producer. 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? [] Click here to view original web page at http://www.energyandpolicy.org [], [] Its not clear yet whether law enforcement officials are investigating FPL or its executives for their involvement in the ghost candidate scheme, though the scandal has already resulted in criminal charges for some of its parties. 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. They remained that way until they took a stake in early wind farms in exchange for canceling the debts owed to them. The documents also showed that Silagy coordinated with the political consultants to steer campaign contributions made through nonprofits in past elections. 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. 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. FPL this year announced a plan it calls Real Zero to completely eliminate carbon emissions from its operations by 2045. 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. 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. Dan Gearino covers the midwestern United States, part of ICNs National Environment Reporting Network. At NextEras fourth-quarter earnings call with financial analysts, Julien Patrick Dumoulin-Smith of Bank of America Securities asked Robo if he could share around some of the headlines pertaining to FPL here? An abandoned shovel is to blame. 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. Pimentel has been a well-known but low-key power industry figure whose familiarity with NextEra suggests he will provide consistent leadership for with NextEra's top subsidiary, said Glenrock Associates utility analyst Paul Patterson. Rodriguez has pleaded guilty and agreed to cooperate with prosecutors. Entergy, which donated $10,000 to the Party and [], [] has not shied away from shady political dealings in the past. Numerous studies have shown that rooftop solar provides a net-benefit to other, non-solar customers. 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. Sign up for Mary Ellens newsletter Politics and Policy in the Sunshine State. In a Jan. 5 letter, they asked the commission to determine whether the company was using ratepayer money for political purposes. Alissa Jean Schafer is a research and communications specialist at the Energy and Policy Institute. 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?. All . 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. Other utilities have tried similar strategies, but none have done it on the scale of NextEra. Its frustrating to see the Public Service Commission express no interest or concern in Floridas largest investor-owned utility company engaging in questionable smear campaigns and potentially illegal election activity while they increase rates, she said Wednesday. 7,400 gallons of wastewater spilled into Johns Pass. Eskamani of Orlando said Baezs response left her unsatisfied. A look at the changing global population. Alabama political firm and former NextEra consultant Matrix LLC, led by Joe Perkins, sued Canopy LLC, another firm allegedly working with NextEra. Bainter and Data Targeting have been the focus of suspected misdeeds over the years. 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. Florida Power & Light has a monopoly on power in Florida. But the company is limited in what it can do to defend itself because of reams of evidence, in leaked emails and texts, showing that company executives were aware of at least some of what was happening. Jane Marsh is an environmental and sustainability writer. Has FPL ever given money to another nonprofit who worked with the consultants Lets Preserve the American Dream? The arrest warrant for Artiles suggests that money may have illegally exchanged hands, at least in the case of SD37. 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. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Mexican developer wants to build condos on the land starting at $3 million apiece. The Gainesville Sun committee, Building a Prosperous Florida, while TECO has donated $ 20,000 to Perrys political,! To do after news organizations revealed some unseemly conduct the political consultants to steer contributions! The Miami Herald has confirmed that NextEra has been conducting an internal investigationon FPLs in. Race to clean Energy newsletter but none have done it on the crisis... 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