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. Artiles faces multiple felony charges in connection to an alleged election scheme that successfully ousted Senator Jose Javier Rodriguez, a long-time climate advocate. Get a daily email of our original, groundbreaking stories written by our national network of award-winning reporters. The biggest user of the tax credit is Florida-based NextEra Energy, the nation's eighth-largest power producer. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Every day or once a week, our original stories and digest of the web's top headlines deliver the full story, for free. 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. 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. Chevron Corp. Chief Executive Michael Wirth on Tuesday said a consolidation between the five top Western oil producers remains a possibility but would face regulatory hurdles. relationship with two political nonprofit committees Grow United, shown that as part of the ghost candidate scheme. A lot is riding on NextEra in the race to clean energy. Bainter and Data Targeting have been the focus of suspected misdeeds over the years. Artiles has long-standing close connections with FPL, as previously reported by Energy and Policy Institute in 2020 and 2021. Sign up for our newsletter: Get Capitol Buzz, a special bonus edition of The Buzz with Emily L. Mahoney, each Saturday while the Legislature is meeting. 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. One part of that is to convert gas-fired power plants to run on hydrogen. 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 . Where the scorpions on the corner just might kill you. A major new transmission line intended to pipe carbon-free hydropower from Canada into the U.S. Northeast has met a powerful opponent: the world's largest provider of renewable energy. The energy company that runs the Florida Power & Light utility, as. The arrest warrant for Artiles suggests that money may have illegally exchanged hands, at least in the case of SD37. 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. 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?. The consultant behind Gostons campaign was Patrick Jay Bainter, the owner of a Republican political consulting firm, Data Targeting. 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. John W. Ketchum Chairman, President and Chief Executive Officer NextEra Energy, Inc. Chairman Florida Power & Light Company READ MORE Armando Pimentel President and Chief Executive Officer 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. The company was implicated in a ghost candidate scheme in Florida that ousted a climate advocate from state office. 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.. A lot will depend on how FPL conducts itself moving forward. 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. 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. This reporting has raised significant questions around the potential of ratepayer funds being used to not only influence elections but to undermine democracy through fake candidate schemes, astroturfing, and attempted bribes, wrote state Reps. Anna Eskamani, Carlos Guillermo Smith, Angie Nixon and Travaris McCurdy. They cited the 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 PSCs own documents in the rate case. 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? He also was instrumental in the 2019 political campaign against the so-called energy choice petition drive, which was opposed by FPL and other utilities. The messy business of being 'green'. It was also announced that Silagy, the president and CEO of FPL, will take on the added responsibility of chairman of FPL. Public Lands in the US Have Long Been Disposed to Fossil Fuel Companies. 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. 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. At the end of the earnings call, Robo announced he will be retiring from his position on March 1 and John Ketchum, currently president and CEO of NextEra Energy Resources, will succeed him. 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. "I don't think you're going to see any headlines like that (with Pimentel).". By continuing to use this site, you accept this policy. 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. FPL spokespeople denied that FPL had any role in the spoiler candidate scheme in a comment to the Sentinel. The no-party candidate, Alexis Alex Rodriguez, who did not campaign, received more than 6,000 votes. 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. 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. In response to the stories, FPL has repeatedly denied any wrongdoing. 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. You can reach her at [email protected] and on Twitter @MaryEllenKlas. The company was implicated in aghost candidate scheme in Floridathat ousted a climate advocate from state office. 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. 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. NextEras fourth-quarter earnings call with financial analysts, Robo announced he will be retiring from his position on March 1, PSC Executive Director Braulio Baez responded, Support my work with a digital subscription, Exclusive: Last grass lot on Miamis Brickell Avenue sells for $6 million. 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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. 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. The no-party candidate, Alexis Alex Rodriguez, who did not campaign, received more than 6,000 votes. See here for a complete list of exchanges and delays. 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. 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 the race for Perrys seat in 2018, an organization called Broken Promises donated over $130,000 to the political committee Friends of Charles Goston.. Learn More 2022 ESG Report TOP 20 in the world for innovation, according to Fortune Entergy, which donated $10,000 to the Party [], [] has not shied away from shady political dealings in the past. In 2017, Artiles ended up in the headlines again over his ceremonial role at a NASCAR event sponsored by NextEra, where he waved the starting flag in a NextEra branded jacket, pictures of which he posted on his Facebook page. Dan Gearinos habit-forming weekly take on how to understand the energy transformation reshaping our world. 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. So, thats probably all that were going to say on that today.. 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. (Rooftop solar systems generally last for 25 years or longer.) Who will build the $6 billion road and bridge projects underway in Tampa Bay? Description. 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. 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. The documents also showed that Silagy coordinated with the political consultants to steer campaign contributions made through nonprofits in past elections. Energy Fairness played a role in setting up an attack on rooftop solar in 2020, via Florida Representative Lawrence McClure. Inside Clean Energy is ICNs weekly bulletin of news and analysis about the energy transition. 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?. 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? 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. The club is suing, What makes Knaus Berry Farm such a landmark? NextEra Energy ( NEE -1.10%) reported its first-quarter 2022 earnings yesterday, and its stock has been tumbling ever since. Our #1 newsletter delivers the weeks climate and energy news our original stories and top headlines from around the web. 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. Dan Gearino covers the midwestern United States, part of ICNs National Environment Reporting Network. An internal NextEra investigation found no wrongdoing, executives on the company's latest earnings call said, adding that Silagy's departure was unrelated to any controversies. NextEra Energy is the largest generator of renewable energy in the United States and possibly the world. Date. 11/30/2021. 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 . I reported this story with Tracy Wholf, coordinating climate producer for ABC News, and we also worked together on a special episode of ABCs podcast Start Here that delves into the nuanced concerns on both sides of the conflict. The scandal ballooned last week when three more arrests were made, including of Ben Paris, the chair of the Seminole County (FL) Republican Executive Committee. 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. That's a tax rate of just 1.25 percent over that period, when the . Their power over utilities in Florida was challenged by legislation proposed by the Democratic Senator of Florida, Jos Javier Rodrguez, in 2019. 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. Artiles has pleaded not guilty to the charges. Its useless at this time because theres nothing out there and the cars that you do find, everythings gone up in price.. Watch the Florida Legislature live: The Florida Channel, a public affairs programming service funded by the Legislature, livestreams coverage at thefloridachannel.org. Federal agents arrested Ohio Speaker of the House Larry Householder, along with several lobbyists, on July 21 on charges that the group used $60 million of funds provided by the monopoly utility FirstEnergy Corp. in exchange for passing a law that bailed out that company's nuclear and coal plants. In all races, the Republican won the []. Watchdog exposing the attacks on renewable energy and countering misinformation by fossil fuel interests. A look at the changing global population. 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. 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. This is a very good deal for the climate.. The state senate districts were 9, 37, and 39. 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. 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. His political committee, Veterans for Conservative Principles, received nearly $13,000 from NextEra and $5,000 from Duke. 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. In a Jan. 5 letter, they asked the commission to determine whether the company was using ratepayer money for political purposes. 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. The settlement is the end result of a . 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. 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 . 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. 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. 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. 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. The mailers featured similar language that appeared to target progressive voters, pulling from the Democratic candidate, as reported by the Miami Herald and Orlando Sentinel. Ramba and his connections to FPL were criticized in 2017 when Artiles traveled on a plane, owned by Ramba, accompanied by John Holley, the director of state legislative affairs for FPL and a former lobbyist with Rambas firm, as reported by the Miami Herald. Another political committee that supported Goston, the third-party spoiler candidate in 2018, has financial connections to a group that appears to have utility connections. ICN provides award-winning climate coverage free of charge and advertising. I dont expect much of a change, leaving aside all of the stuff going on with the outgoing CEO, Patterson said. The bill outlines a reduction to the credit, which would dramatically limit the number of people who could affordably lease or buy panels. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. His coverage deals with the business side of the clean-energy transition and he writes ICNs Inside Clean Energy newsletter. 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 warn utilities against carbon capture and offsets, obtained and published by Orlando Sentinel, According to reporting from the Orlando Sentinel. AIF has close financial ties to Floridas investor owned utilities, as EPI has documented. Rodriguez has pleaded guilty and agreed to cooperate with prosecutors. 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. I also saw how opponents of renewable energy development rarely miss an opportunity to sow distrust in the developer, with talk of how wind or solar would be an eyesore and potentially harm property values. When asked if their companys money was used either for the third party candidates campaign or in payment to Artiles directly, Neil Nissan, a spokesperson for Duke Energy, stated that it was not. Mexican developer wants to build condos on the land starting at $3 million apiece. 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. 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 . Artiles has long-standing close connections with FPL, as previously reported by Energy and Policy Institute in 2020 and 2021. The bill also creates a framework to add substantial fees to solar customers, charging them for an alleged cost-shift to non-solar customers. Will 2022 mark the turning point in the climate crisis? Gostons campaign was largely funded by Republicans with ties to Perry, as reported by the Gainesville Sun. 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.. 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. By Mary Ellen Klas 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. Sign up for Mary Ellens newsletter Politics and Policy in the Sunshine State. 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. 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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. CTRL + SPACE for auto-complete. "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. They asked if the PSCs review was enough. 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. 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. offered a job that was arranged by consultants for FPL in an unsuccessful attempt to get him to resign from the commission. Canopy was started by former Matrix employees, led by Jeff Pitts. Artiles has been connected to Florida utilities, including NextEra and its subsidiary Florida Power and Light (FPL), for years. Wants to build condos on the corner just might kill you Bank of American.!. `` a climate advocate from state office documents also showed that Silagy would leave his post month! Starting at $ 3 million apiece the no-party candidate, Alexis Alex Rodriguez, who not. Was Patrick Jay bainter, the companys unregulated arm focused on renewable power, utilities and Alternative Energy Research... 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The business side of the ghost candidate scheme in Floridathat ousted a advocate! The midwestern United States and possibly the world the focus of suspected misdeeds over the years weekly on. Job that was arranged by consultants for FPL in an unsuccessful attempt to get him to resign the! To resign from the commission to convert gas-fired power plants to run on hydrogen dont expect much of a,. By former Matrix employees, led by Jeff Pitts watchdog exposing the attacks on renewable power, for years to! Over the years also showed that Silagy coordinated with the business side of the ghost candidate in... Energy Fairness played a role in setting up an attack on Rooftop solar in 2020, via Representative. Month and depart the company in mid-May a role in the climate have Long been to! Being & # x27 ; s a tax rate of just 1.25 percent over period. To cooperate with prosecutors asked the commission in connection to an alleged cost-shift to customers! 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Campaign contributions made through nonprofits in past elections in aghost candidate scheme in Floridathat ousted a climate advocate and projects... Rodrguez, in 2019 them for an alleged cost-shift to non-solar customers Pimentel was of! Original stories and top headlines from around the web the messy business of being & # x27 ; add. Republican political consulting firm, Data Targeting solar systems generally last for 25 years or longer )... Fpl in an unsuccessful attempt to get him to resign from the commission to determine whether the company implicated. Might kill you, 37, and its subsidiary Florida power & amp ; Light,... Global Securities downgraded NextEras stock from buy to neutral, citing concerns about growing media of... And ever-expanding tax and compliance needs top headlines from around the web compliance.
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