"I want to thank Eric for his 20 years of dedicated service to our company, our customers and the communities where we do business," said Mr. Ketchum. Well send you a rundown on local, state and national politics coverage every Thursday. Mark Hickson is executive vice president of corporate development, strategy, quality and integration for NextEra Energy, Inc. Mr. Silagy was senior vice president, regulatory and state governmental affairs of FPL from May 2010 to December 2011 and vice president and chief development officer of FPL from July 2008 to May 2010. Eric Silagy, chairman, president and CEO of Florida Power & Light and a prominent figure in state political and business circles, will step down next month as head He was appointed to the board in 2019 by Gov. Prior to joining NextEra Energy in 2003, Mark spent several years overseeing construction and commissioning of new power plants worldwide, including at General Electric and Black & Veatch Inc. Mr. Lemasney earned a bachelors degree with honors in mechanical engineering from the Cork Institute of Technology in Ireland. But in a separate Securities and Exchange Commission filing, NextEra Energy said it had substantially completed a review and indicated it thinks FPL will be cleared of wrongdoing alleged in numerous media reports. I know the last couple of months have not been easy and the weeks and months ahead will present many challenges, but I remain confident that we will overcome COVID-19 together and be stronger for it. Its parent company had initiated an investigation of related media reports there. President and Chief Executive OfficerNextEra Energy Resources, LLC. He is a certified Six Sigma Black Belt and holds a Florida Professional Engineering license. John Ketchum, chairman, president, and chief executive officer of NextEra Energy, FPLs parent company, will become chairman of FPL on Feb. 15. Job Title. 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. $3,360,000 was received as Total Cash, $11,501,091 was received as Equity and $692,873 was received as Pension and other forms of compensation. In a Jan. 5 letter, they asked the commission to determine whether the company was using ratepayer money for political purposes. And with travel restrictions and social distancing, well need to reevaluate what a smart evacuation plan looks like. Getting Florida back up and running safely and as quickly as possible after a hurricane requires all of us to approach this season with a new mindset and a renewed sense of pride in being prepared. WebEric E Silagy, 57. Live from Our four-year rate agreement, unanimously approved by the Florida Public Service Commission, will lower the typical residential customer bill by 2025 as we continue building a more resilient and sustainable energy future all of us can depend on including future generations. FPLs parent company, NextEra Energy, announced Silagys upcoming departure in a press release Wednesday, which made no mention of recent political controversies and praised his leadership. Silagy has denied any knowledge of the spoiler candidate scheme, apparently intended to help Republicans win the three races. Copyright 2023, Florida Power & Light Company. His commitment to putting customers first was on full display last year during hurricanes Ian and Nicole, where his dedication, commitment and compassion drove the FPL team to restore power in record time and quickly put the state of Florida back on its feet.. Given the current travel restrictions and guidance from health officials, it is unlikely we will be able to amass a restoration workforce of that size and with less people it simply takes longer to restore power. Subsequent leaks led to additional damaging stories about the utility. January 25, 2023 WebPresident and Chief Executive Officer Florida Power & Light Company READ MORE Rebecca J. Kujawa President and Chief Executive Officer NextEra Energy Resources, Possible Criminal & Traffic Records. 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 evidence of illegality or wrongdoing on the part of FPL or any of its employees. Learn about common compensation terms and formulas that businesses use and stay updated on new salary and compensation terminology with ERI. Our focus on delivering clean, reliable and affordable electricity demands that we must continue working to improve the energy grid, particularly as hurricane season quickly approaches. Under his leadership, the company operates over 62,000 megawatts of generating capacity at more than 300 sites across the U.S. and Canada, as well as 1,100 miles of pipeline. Unlike the contracts for lower-level employee compensation, contracts for executive compensation tend to have an explicit breakdown of their pay package, including: What is provided in disclosures from public companies? Were here to help:We know this is a difficult and unsettling time, but you are not alone. And through it all, FPL will stay focused on delivering you the affordable, reliable power that you have come to count on. In a South Florida race, the tactic helped oust state Sen. Jos Javier Rodrguez, one of FPLs chief antagonists in the Legislature. Mr. Sieving was a frequent contributor to that firms publication on SEC and stock exchange developments. The value of stock and option awards plus long term incentives granted. That complaint named several Matrix-linked nonprofits, including Grow United, which was used to fund the ghost candidate ads in 2020. That statement was made before additional rounds of damaging disclosures prompted the investigation by the outside law firm. independent local journalism in Miami. He is a member of the Board of Directors of the Ketchum began Wednesdays earnings call with a statement saying the utility had reviewed the allegations against it in media reports as well as a complaint to the Federal Elections Commission involving its political spending. Before that, he was a partner in the Corporate, Securities and Finance Practice Group of Hogan & Hartson, L.L.P. WebAs President and CEO of FPL at NEXTERA ENERGY INC, Eric E. Silagy made $15,081,835 in total compensation. Disclosures are a great way to find executive compensation for publicly traded companies. ERI's Executive Compensation Assessor makes it easy to benchmark executive compensation packages for planning and reporting. Were working hard to bring you the latest news from the states legislative session. He was appointed to the board in 2019 by Gov. (Neither Alabama Power nor its corporate parent, Southern Company, have commented on those disclosures.). Mr. Sieving also is general counsel of NextEra Energy Partners, LP (NYSE: NEP), a growth-oriented limited partnership formed by NextEra Energy, Inc. to acquire, manage and own contracted clean energy projects with stable, long-term cash flows. Find your next career with Americas leading Due to our efficiency and lower fuel prices, we have significantly reduced the amount of money we spendon fuel andplan to passthesesavingson to you as soon as possible. Hillsboroughs only rape crisis center to open 2nd clinic. FPL is prepared to respond during a pandemic. He has served as president and CEO of NextEra Energy Resources, a competitive clean energy supplier and the worlds largest generator of renewable energy from the wind and sun and a world leader in battery storage. them with making Rodrguez's life "a living hell.". This also includes investments in resilient infrastructure projects as FPL continues building a stronger and smarter energy grid to deliver reliable service in good weather and bad. COVID-19 certainly hasnt made it any easier. Just as I have no doubt that we will overcome COVID-19, I am confident that Floridians will rise to the occasion if a hurricane comes our way this year. Regarding the Florida allegations, based on information in our possession, we believe that FPL would not be found liable for any of the Florida campaign finance law violations as alleged in the media articles, he said. As we enter the hot summer months, many of us will likely continue to spend more time inside our homes than normal. Eric Silagy, President and CEO, Florida Power & Light Company. Matrix operatives also gained control of the online news site The Capitolist during the 2020 election cycle, giving FPL executives, including Silagy, input on the outlets coverage. The sum of all cash payments made to an individual for services during a given year. Importantly, these enhancements will help us restore power safely during a pandemic. Silagy is a former chairman of the Florida Chamber of Commerce and was elected in November as chairman of the Florida Council of 100, an influential group of business leaders. Silagy is to be replaced by Armando Pimentel, a former senior executive at NextEra Energy. The company is headquartered in Juno Beach in northern Palm Beach County. Ms. Kujawa joined NextEra Energy in 2007 in NextEra Energy Marketing and has held various business and finance roles. We are honored to serve you and Northwest Florida. NextEra Energy Resources operates three nuclear power plants in two states, and its parent company, NextEra Energy, operates one of the largest nuclear power fleets in the nation. As for Silagy's departure, Ketchum said, "It's a little earlier than Eric would've wanted to do it.". She is a member of the National Petroleum Council, an oil and natural gas advisory committee to the U.S. Secretary of Energy. 3 min read. For the full year, FPL reported net income of $3.701 billion, or $1.87 per share, compared to $3.206 billion, or $1.63 per share, in 2021. 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. We realize that these are difficult and unsettling times and we are committed to doing our part to help you navigate the uncertainty while we continue to deliver the clean, reliable and affordable electricity you depend on. Executive Vice President Corporate Development, Strategy, Qualityand Integration. In 2019, FPLs parent company NextEra Energy purchased Gulf Power for $5.75 billion, expanding FPLs service territory to eight counties in the western Panhandle. Publicly Available Info. There is a tremendous amount of misinformation being spread, particularly on the internet and through some social media channels, so please use trusted sources of information such as the CDC, World Health Organization or national news organizations to learn the latest information. The JEA board voted in July to explore privatization of the city-owned utility. Please provide us with the Personal Identification Number (PIN) that you were given for a co-browse session with our representative. Want more of our free, weekly newslettersinyourinbox? Learn about the latest updates for North American minimum wage changes on a monthly basis. Executive compensation is a combination of the cash and non-cash pay that an executive-level employee receives. Watch the Florida Legislature live: The Florida Channel, a public affairs programming service funded by the Legislature, livestreams coverage at thefloridachannel.org. The Summary Compensation table displayed in proxy statements includes data for Salary, Bonus, Stock Awards, Option Awards, Non-equity Incentive Plan Compensation, Pension and Nonqualified Deferred Compensation (NQDC) Earnings, All Other Compensation, and Total Compensation for the top five named executive officers (NEOs) in an organization. Leaks from Matrix revealed Silagy at times used a pseudonymous email address to communicate with Matrix operatives, including to receive a proposal in late 2019 for how FPL money could be secretly filtered through a network of entities to make political contributions. We urge you to be ready, too. Mr. Reagan holds a Bachelor of Science degree in electrical engineering from Clarkson University. Prior to joining NextEra Energy, Mr. Silagy served as vice president, mergers, acquisitions and divestitures at Entergy Wholesale Operations, and as vice Importantly, I want you to have confidence that FPL wont stop delivering affordable, reliable power that you can count on day in, day out. He also served our nuclear organization as vice president for the southern region and site vice president for multiple sites. These documents are required to be sent out before a shareholder meeting to give shareholders insight into how the company is performing, as well as plans for how the company will be focused and managed in the upcoming year. Jeff Weiner is Content Director for Local News for the Orlando Sentinel. Alissa Jean Schafer. The preparations we make now, before a hurricane formslet alone threatens our statewill make a meaningful difference in how we get through a storm together. Last June, Florida Power & Light spokesperson David Reuter wrote that the initial review had exonerated the company: "This detailed report found no evidence of illegality or wrongdoing on the part of FPL or any of its employees." NPR and Floodlight reported the same consulting firm did work in Alabama for that state's dominant energy utility, Alabama Power, and funneled money to news sites there that reported negatively on the utility's critics and regulators. FPL has faced allegations of campaign-finance violations. Just as we have done in the past, we will weather this storm and you have my personal commitment that were ready for whatever COVID-19 brings our way and all of us at FPL will continue to work hard every single day to deliver you affordable, reliable power you can count on. She is a certified Six Sigma Master Black Belt. On an adjusted basis, NextEra reported full-year earnings of $5.742 billion, or $2.90 per share, compared to $5.021 billion, or $2.55 per share, in 2021. Ms. Kujawa is also president and a member of the board of directors of NextEra Energy Partners, LP, a growth-oriented limited partnership formed by NextEra Energy (NYSE: NEE) to acquire, manage and own contracted clean energy projects. Weve been through many storms together and, through it all, weve come out stronger. As we continue to navigate the coronavirus (COVID-19) crisis together,I wantedto sharea bit ofgood news with you. 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. Legislature considers flooding our streets with cancer-causing chemicals | Column, A Duke Energy contractor hit a pipe. From May 2008 to March 2019, Mr. Pimentel was a member of NextEra Energy's senior executive team. As with any quickly evolving situation, stay safe, stay informed, stay vigilant and be prepared. hide caption. 11:52AM. Prior to joining NextEra Energy, Mr. Pimentel was a partner at Deloitte & Touche and held various client and leadership positions in the financial services and energy industries. All contributions are distributed to the communities that we serve through a network of nonprofit human-service agencies, and there are no administrative fees so every dollar you donate truly makes a difference and may be tax-deductible. Eric Silagy, the president and CEO of Florida Power & Light during an interview flanked by (left) Gera Peoples, the vice president and chief litigation counsel for The tens of thousands of intelligent devices installed across the energy grid will allow us to prevent outages and restore power without even sending men and women into the field. We have detailed, well established pandemic plans that we have put in action and there is no higher priority for us than the health, safety and physical well-being of our employees and customers. Ron DeSantis Tampa Bay hometown has evolved. John Ketchum, chairman, president, and chief executive officer of NextEra {{ userNotificationState.getAlertCount('bell') }}. National Compensation Forecast April 2023. Review compensation trends and get guidance on expected total salary increases for the upcoming year with ERI's National Compensation Forecast. A proxy statement is a document that all publicly traded companies on the United States stock exchange are required to file annually. The complaint implicated Florida Power & Light in election law violations because of alleged attempts to obscure the source of the political donations. Become a member to support the independent voice of South Florida During her tenure with GE, she held leadership positions in customer service, operations, manufacturing, Six Sigma and project management with GE Capital and Aircraft Engines. 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. As the coronavirus (COVID-19) situation unfolds, I want to share three simple words with you:We are ready. But that doesnt mean looking over the horizon is always easy. Under the leadership of Eric Silagy, 54, the company has been tied to allegations of campaign finance violations, media manipulation, and the surveillance of critical journalists. Phone Number, Email and Address History. To view more detailed proxy data including previous years contact our sales team. Common Compensation Terms and Formulas - January 2023. This means our air conditioners will be forced to work even harder and use even more energy to keep our homes cool. Copyright 2023 NextEra Energy, Inc. All rights reserved. Ms. Caplan holds a bachelors degree in aerospace engineering from the University of Michigan and a masters degree in manufacturing engineering from Boston University. No one at FPL has been accused of wrongdoing by authorities and the company has said an internal review cleared its employees. He has also completed the Emerging CFO Strategic Financial Leadership Program at Stanford University. 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. While saying 'goodbye' to such a great organization is always difficult, I know that now is the right time for me to hand over the reins of FPL. Reporting by the Orlando Sentinel and the Miami Herald tied Silagy to a group of political consultants who had spent millions of dollars to secretly further the power company's political goals. The money was allegedly funneled through a network of tax-exempt nonprofits that obscured its origin. Cision Distribution 888-776-0942 Eric Silagy, chairman, president and CEO of Florida Power & Light and a prominent figure in state political and business circles, will step down next month as head of the utility, the company announced Wednesday. Bob most recently served as corporate nuclear vice president. Though he didnt name the group, the complaint he described fit the description of one filed by the nonprofit watchdog Citizens for Responsibility and Ethics in Washington. Please know that this work is essential to keeping our electric grid operating smoothly as we approach hurricane season, and support their efforts by practicing appropriate social distancing and know that they will extend the same courtesy to you. FPL is the primary electric utility serving Broward, Palm Beach and Miami-Dade counties. "Over the last decade, we have transformed FPL's generation fleet into one of the cleanest, most reliable and lowest-cost portfolios in the country, delivered award-winning customer service, ensured bills are significantly lower than the national average and provided our customers the best grid reliability in the country. We have also implemented the same policies that we do during major crisis events and are suspending electrical disconnections, providing payment extensions and waiving certain late payment fees for customers in a hardship situation. Previously, Mr. Pimentel served as president and CEO of NextEra Energy Resources, a competitive clean energy supplier and the worlds largest generator of renewable energy from the wind and sun and a world leader in battery storage. About half of FPLs accounts 2.9 million are in the tricounty area.