Florida Power CEO implicated in scandals abruptly steps down

An internal investigation clears Florida Power & Light of wrongdoing but more is to come

After an early round of reports, NextEra commissioned an internal investigation into the allegations against Silagy and Florida Power & Light in Florida. More recently, the company hired an outside law firm to look more broadly at the company's actions. NextEra officials say that investigation is close to completion.

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." That statement was made before additional rounds of damaging disclosures prompted the investigation by the outside law firm.

At the start of the Monday earnings call, Ketchum, the NextEra chief executive, directly addressed the media reports and federal election complaint."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," Ketchum said. He added that the company would soon challenge the complaint and call for its dismissal.

Source: News Formal (newsformal.com)

HWHInBama Do SouthernCompany alabamapower next. Matrix

He's a criminal and I hope justice puts him in prison.

So Florida Power & Light illegally and corruptly violated campaign finance to get Republicans elected… and thinks if their CEO Eric Silagy retires it will all go away. FBI DOJPH

I had to read the head line a few times because it seemed like they were moving toward greener energy AND moving toward multiple scandals. I think a semicolon would help.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NextEra announces retirement of Florida Power & Light CEO and comments on campaign-finance allegationsNextEra's stock fell after mixed quarterly results, while Wall Street focused on comments about allegations of subsidiary's campaign-finance violations.
Source: MarketWatch - 🏆 3. / 97 Read more »

Storms, fuel costs could spike bills for Florida Power & Light customersFlorida Power & Light customers could face increased electric bills in April after the utility got hit in 2022 by hurricanes and higher-than-expected natural gas costs.
Source: wjxt4 - 🏆 246. / 63 Read more »

Local artist shines light on strength, power of African American women in new exhibitA San Antonio artist is shining light on the strength and power of African American women in new exhibit called “Essence and Style: The Afro-Centric Woman.”
Source: ksatnews - 🏆 442. / 53 Read more »

Head of main Florida power company retiring amid controversyThe leader of Florida’s primary electric company, which has been embroiled in controversy over allegations that it backed sham election candidates and spied on a journalist, will be stepping down next month, it was announced Wednesday. Meanwhile, the city of Jacksonville is going to fuck over the citizens who have no choice. We should have sold JEA.
Source: wjxt4 - 🏆 246. / 63 Read more »

CEO of Canadian Utility That Proposed Banning New Power to Crypto Miners ExitsCEO of Canadian utility company hydroquebec, that proposed banning new power supply to blockchain industry in the province, is leaving the firm. by Aoyon_A hydroquebec Aoyon_A I have little faith that a new Hydro-Québec CEO will have a different stance. The province seems to be heading to an electricity crisis in that demand will exceed supply.
Source: CoinDesk - 🏆 291. / 63 Read more »

Rad Power Bikes’ new CEO acknowledges “mistakes,” vows renewed focus on safetyRad Power Bikes’ new CEO acknowledges 'mistakes,' vows renewed focus on safety I don't think they're going to be able to commit to safety without raising their (unreasonably low) prices. It can be tough to make a quality bicycle under $1000, let alone a quality ebike.
Source: verge - 🏆 94. / 67 Read more »