So, thats probably all that were going to say on that today.. 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. I dont expect much of a change, leaving aside all of the stuff going on with the outgoing CEO, Patterson said. Were working hard to bring you the latest news from the states legislative session. 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. Canopy quickly filed its own lawsuit against Matrix. 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. NEW YORK(Reuters) The new head of Florida Power & Light (FP&L) has at least one important objective above and beyond running U.S. power giant NextEras crown jewel utility, analysts say: stay out of the headlines. 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. Political editor Emily L. Mahoney will send you a rundown on local, state and national politics coverage every Thursday. 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. Inside Climate News uses cookies. Download. 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. 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. 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. (Rooftop solar systems generally last for 25 years or longer.) 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. Has FPL ever given money to another nonprofit who worked with the consultants Lets Preserve the American Dream? 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. 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. The second Defendant, Cottonwood Wind . In 2017, Perry voted in support of NextEras exploratory fracking legislation while serving on the Communications, Energy and Public Utilities Committee chaired by Artiles. Each wind energy facility includes a collection of wind turbines that, put simply, rapidly rotate to create energy. 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. 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. 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. 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. See here for a complete list of exchanges and delays. Watch the Florida Legislature live: The Florida Channel, a public affairs programming service funded by the Legislature, livestreams coverage at thefloridachannel.org. Pulitzer Prize-winning, nonpartisan reporting on the biggest crisis facing our planet. A lot is riding on NextEra in the race to clean energy. About NextEra Energy NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. That scheme included over half a million dollars spent on political mailers promoting the spoiler candidates. 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.. 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. 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. See here for a complete list of exchanges and delays. 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. 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. Date. 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. The no-party candidate, Alexis Alex Rodriguez, who did not campaign, received more than 6,000 votes. We know about FPLs actions thanks to reporting by the Orlando Sentinel, Miami Herald and The Florida Times-Union, some of it in partnership with the nonprofit Floodlight. 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 you havent already subscribed, please consider buying a print or digital subscription. McClure also worked closely with utility front group Energy Fairness, as reported by the Energy and Policy Institute. Its video library also archives coverage for later viewing. Pimentel was CEO of NextEra Energy Resources, the company's unregulated arm focused on renewable power, for eight years before retiring in 2019. I believe that NextEra is a respectable developer, said Jeremy Welch, testifying at the hearing on behalf of a union that supports the project. 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. The investigation around Artiles and the Senate District 37 race is ongoing. 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. 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. Your source for the latest news and stories from NextEra Energy and its subsidiaries. Almost immediately, FPL reached out to the CEO of Matrix, LLC a political consulting firm. All three districts received slightly modified versions of the same mailer, which seemed to target liberal-leaning voters in an apparent effort to siphon those votes away from the Democratic candidate. NextEra Energy is the largest generator of renewable energy in the United States and possibly the world. Its hard to predict what the scandal will mean for clean energy in the future or if it will have any effect at all. 2. 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). Florida members of Congress have formally requested Attorney General Merrick Garland open an expansive corruption investigation to look into the source of potentially illegal funds used by Artiles. A dark money non-profit called Grow United is at the center of the scandal, with records showing direct communication with and invoices to FPL. All quotes delayed a minimum of 15 minutes. 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. Artiles faces multiple felony charges in connection to an alleged election scheme that successfully ousted Senator Jose Javier Rodriguez, a long-time climate advocate. I wonder if NextEras problems in Florida may eventually affect the perception of the company in other places. 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. 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 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 . It was also announced that Silagy, the president and CEO of FPL, will take on the added responsibility of chairman of FPL. 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 . The nonprofit 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. He started by questioning my premise that NextEra has a good reputation while its subsidiary, FPL, has taken some serious hits. Community Solar Is About to Get a Surge in Federal Funding. The Orlando Sentinel connected Republican consultant Alex Alvarado to the production and printing of the mailers for the third-party candidates in October. 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? There are two civil lawsuits in the mix as well. Nowhere in its 2021 ESG report does NextEra even mention methane . 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. The Miami Herald has confirmed that NextEra has been conducting an internal investigationon FPLs involvement in the ghost candidate scheme. 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. Our #1 newsletter delivers the weeks climate and energy news our original stories and top headlines from around the web. Every day or once a week, our original stories and digest of the webs top headlines deliver the full story, for free. 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. It was also announced that Silagy, the president and CEO of FPL, will take on the added responsibility of chairman of FPL. 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. 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