Top 10 Highest-Paid CEOs in Banking and Finance in 2021. Access your account by logging into FPL.com to ensure your contact information is current. ", Commenting on Mr. Pimentel rejoining NextEra Energy, Ketchum said, "We welcome Armando back to our company. What compensation data can we get from these disclosures? 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. At Entergy (NYSE: ETR), we power life. Ms. Kujawa holds the Chartered Financial Analyst designation and previously was a member of the New York Stock Exchange and National Association of Securities Dealers joint committee on the research analyst qualification exams. Ms. Caplan is responsible for NextEra Energys workforce initiatives including recruiting, learning and development, health and well-being, diversity and inclusion, and recognition, as well as shared services including corporate real estate, corporate security and aviation. 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. Common Compensation Terms and Formulas - January 2023. Its parent company, NextEra Energy, has commissioned two separate investigations - one internal, one by an outside law firm - following reporting by Florida newspapers, the non-profit news outlet Floodlight and NPR. FPL CEO Eric Silagy (left) speaks with Gov. 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. To view more detailed proxy data including previous years contact our sales team. He is a member of the New York, Washington, D.C., and Ohio bars. Silagy is to be replaced by Armando Pimentel, a former senior executive at NextEra Energy. The company says the move was not prompted by recent scandals. and help keep the future of New Times, Use of this website constitutes acceptance of our. The complaint implicated Florida Power & Light in election law violations because of alleged attempts to obscure the source of the political donations. Chairman, President and Chief Executive Officer, Executive Vice President & General Counsel. Challenging times mustbe met with exceptional measures, and thisunconventional and unprecedentedactionwillprovide you with the opportunity to save as much money as possible duringthis uncertain economic time. President and Chief Executive Officer Florida Power & Light Company. He holds a Bachelor of Science degree in Nuclear Engineering Technology from Thomas Edison State College, a Masters of Business Administration from Regis University and a Doctorate of Management in Organizational Leadership from the University of Phoenix. As with any quickly evolving situation, stay safe, stay informed, stay vigilant and be prepared. As we enter the hot summer months, many of us will likely continue to spend more time inside our homes than normal. Get contact details including emails and phone numbers 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. NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. In fact, during recent storms, utilities in other parts of the country have already encountered this very challenge. The company is headquartered in Juno Beach in northern Palm Beach County. A new year often brings fresh perspective. Mr. Sieving has served as executive vice president & general counsel since he joined NextEra Energy in December 2008. We are honored to serve you and Northwest Florida. free lookups / month. Florida Power & Light CEO Eric Silagy announced his retirement on Wednesday. Mr. Reagan has also served as NextEra Energys vice president of engineering & construction, vice president of integrated supply chain and vice president of procurement and materials management. Miami's independent source of The list is ordered by the highest total pay and not the highest salary. Up to 5 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.. In early 2019, leaked emails showed Silagy told two subordinates to make Rodrguezs life a living hell seriously, a message an FPL vice president almost immediately forwarded to Matrix consultants. Executive Vice President Corporate Development, Strategy, Qualityand Integration. ERI published a whitepaper analyzing why nonprofits in the education industry pay higher, on average, than other nonprofit industries. Mr. Ketchum earned a Bachelor of Arts degree in economics and finance, graduating magna cum laude, from the University of Arizona. Mr. Crews is also executive vice president, finance and CFO of the companys vertically integrated rate-regulated electric utility subsidiary, Florida Power & Light Company, as well as CFO and a member of the board of directors of NextEra Energy Partners, LP (NYSE: NEP), a growth-oriented limited partnership formed by NextEra Energy to acquire, manage and own contracted clean energy projects. 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. All rights reserved. I feel its best for the transition to take place now and for new leadership to take the helm of FPL to ensure consistent management heading into a very busy next couple of years, Silagy said. Florida Power & Light CEO Eric Silagy, who became embroiled in scandals involving the utility giants ties to political operatives who worked to secretly sway 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. Web1 Antonia Hover From: charley7722@aol.com Sent: Saturday, March 4, 2023 11:59 AM To: ron.desantis@eog.myflorida.com Cc: martha.lynn@eog.myflorida.com; Office of Commissioner Clark; Office of Chairman Fay; Office of Commissioner Graham; Office of Commissioner Passidomo; Office of Commissioner La Rosa; Ellen Plendl; Shonna Florida Power and Light President and CEO Eric Silagy addresses reporters and guests during a news conference unveiling the new Blue Origin rocket at the Cape 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. 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. March 30, 2020, letter to customers from FPL President and CEO, Eric Silagy. 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. He was named president and CEO in March 2022 and became chairman of the board of directors in July 2022. His previous roles at NextEra Energy Partners include president and chief financial officer. Mr. Hickson holds a bachelors degree in aerospace engineering from Texas A&M University and a Master of Business Administration degree from Columbia University, where he graduated with honors. This means our air conditioners will be forced to work even harder and use even more energy to keep our homes cool. President & Chief Executive Officer. 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. PublishedJanuary 25, 2023 at 9:52 AM CST, Today's Schedule for WUWF-HD2 (Classical), Today's Schedule for WUWF-HD3 (Sightline). Please know that were committed to serving you today while always keeping an eye on the future in our rapidly growing state thats on the front lines of climate change. He is responsible for enterprise-wide power plant engineering and construction activities and enterprise-wide sourcing activities. Importantly, these enhancements will help us restore power safely during a pandemic. You can request a quote here. Eric Silagy, President and CEO, Florida Power & Light Company. If we need to interact with you or enter your home or business for an emergency, we will be practicing social distancing for your safety and the safety of our employees. FPL CEO Eric Silagy (left) speaks with Gov. WebEric E Silagy, 57. We urge you to be ready, too. As part of our commitment to you, FPL has continued our work to build a stronger, smarter and more storm-resilient energy grid in the nearly 15 years since Hurricane Wilma tore through our state. 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. No credit card required. 5 free lookups per month. 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. As Floridians, each of us has a fundamental responsibility to prepare for hurricane season. Were implementing our plan:Just as we do with our hurricane plan, we have implemented our pandemic plan and are following our well-established procedures for ensuring continuity of service. Ms. Caplan holds a bachelors degree in aerospace engineering from the University of Michigan and a masters degree in manufacturing engineering from Boston University. Initially, he served as NextEra Energy's and FPL's CFO. WebEric Silagy. Mr. Ketchum holds a Master of Laws degree in taxation and a Juris Doctor from the University of Missouri-Kansas City School of Law, where he was managing editor of the Law Review. She previously served as executive vice president, finance and chief financial officer (CFO) for NextEra Energy, a leading clean energy company; executive vice president, finance and CFO of the companys rate-regulated electric utility subsidiary, Florida Power & Light Company; and CFO and a member of the board of directors of NextEra Energy Partners. March 13, 2020, letter to customers from FPL President and CEO, Eric Silagy. He and his wife Courtney live in Tequesta, Florida with their two children, Carrigan and Brogan. Please make sure youre following the advice given by theCenters for Disease Control(CDC) for stopping the spread of germs and viruses. Get the latest updates in news, food, music and culture, and receive special offers direct to your inbox. FPL has a number of free tools available such as the mobile app, personalized energy dashboard and Energy Analyzer to help you manage your energy usage. Mr. Pimentel also previously served as executive vice president, finance, and chief financial officer of NextEra Energy. Mr. Eric E. Silagy has been president of FPL since December 2011. 1 in the electric and gas utilities industry on Fortune's 2022 list of "World's Most Admired Companies," recognized on Fortune's 2021 list of companies that "Change the World" and received the S&P Global Platts 2020 Energy Transition Award for leadership in environmental, social and governance. In October 2011, he was named president and CEO of NextEra Energy Resources,LLC, the company's competitive power generation subsidiary, a position he held until March 2019 when he retired. Eric Silagy, the president and CEO of Florida Power & Light along with Gera Peoples, the vice president and chief litigation counsel for NextEra Energy and David He was appointed president and CEO in February 2023. Email. I want you to know that Florida Power & Light Companys commitment to serve you before, during and after a storm remains unchanged. While FPL is more prepared than ever to respond to a hurricane, you should expect that the pandemic will undoubtedly create extraordinary challenges that may ultimately delay restoration. 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. Media scrutiny of the company's political giving began shortly after the 2020 election, when a trio of spoiler candidates tipped close state senate races toward candidates considered friendly to Florida Power & Light. 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. 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. Questions about recent news stories came up during NextEras fourth-quarter earnings call with financial analysts. Robert (Bob) Coffey is the Chief Nuclear Officer of NextEra Energys Nuclear Fleet. Challenges with restoring power during a pandemic. Rodriguez has pleaded guilty and agreed to cooperate with prosecutors. Few are talking about it. He was appointed to the board in 2019 by Gov. During the call, Silagy attributed the timing of his departure to the timetable for FPLs next rate case, a state review that regulated utilities undergo when seeking to set new rates. FPL has faced allegations of campaign-finance violations. The money was allegedly funneled through a network of tax-exempt nonprofits that obscured its origin. NextEra officials say that investigation is close to completion. Sign up for a free account. Mark Hickson is executive vice president of corporate development, strategy, quality and integration for NextEra Energy, Inc. In November, the utility purchased 943 acres of farmland in western Palm Beach County from St. Lucie River Farm LLC for $15.9 million. More than 100 years ago, our founder Harvey Couch started this company with a handshake, some sawdust and a vision. He also completed the Emerging CFO Strategic Financial Leadership Program at Stanford University. No one at FPL has been accused of wrongdoing by authorities and the company has said an internal review cleared its employees. Ahora la informacin que necesitas sobre tu servicio elctrico est disponible en espaol en FPL.com. And, in the case of FPLs two dozen solar power plants, we dont need anyone to operate them at all. The legislators responded on Jan. 10, saying they considered the commissions review incomplete given the news stories. Jeff Weiner is Content Director for Local News for the Orlando Sentinel. 45,000 gallons of treated wastewater dumped into Boca Ciega Bay, Tampa owner of Outback, Flemings aims to keep prices steady in 2023, What Biden said about DeSantis, Florida and Disney at DC press dinner, 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. He also previously worked as an accounting fellow with the Office of the Chief Accountant of the Securities and Exchange Commission. Ms. Caplan is also a member of the International Womens Forum. Annie Martin is an investigative reporter and the Higher Education reporter for the Orlando Sentinel. $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. The state senator went on to lose re-election by six votes. Mr. Ketchum joined NextEra Energy in 2002. He is the head of the corporate legal department, with responsibility for the legal affairs of the company. I hope you and your family continue to be safe and well amid the ongoing disruptions associated with the coronavirus (COVID-19) pandemic. Watch the Florida Legislature live: The Florida Channel, a public affairs programming service funded by the Legislature, livestreams coverage at thefloridachannel.org. As for Silagy's departure, Ketchum said, "It's a little earlier than Eric would've wanted to do it.". This means, from a safe distance from you and other members of the community, our crews will still be out trimming trees, flying drones to assess equipment, putting power lines underground and installing new, strongerand more efficient facilities. Some customers may experience issues when trying to log in. 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 While our decision 20 years ago to modernize our power plants was not done with a global pandemic in mind, being able to generate electricity with fewer people physically located at the plants is advantageous. WebAs President and CEO of FPL at NEXTERA ENERGY INC, Eric E. Silagy made $15,081,835 in total compensation. While Silagys announcement was accompanied by kind words from the chairman of NextEra, FPLs parent company, there is no doubt that his departure On Wednesday, FPL spokesperson Chris McGrath denied that FPL was involved in the ghost candidate scheme. We apologize for this inconvenience and are working to fix the issues as quickly as possible. Silagy also talked about FPL's role in convincing JEA to decommission and demolish the coal-fired St. Johns River Power Park in 2018. Wednesdays press release from NextEra announced Armando Pimentel, who previously served in several senior executive roles with NextEra Energy before retiring in March 2019, will rejoin the company to succeed Silagy. Live from 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. Family Data. As Florida slowly reopens and people start getting back to work, I want you to know that Florida Power & Light Company understands just how disruptive the coronavirus (COVID-19) pandemic continues to be. {{ userNotificationState.getAlertCount('bell') }}. 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.
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