NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. Please make sure youre following the advice given by theCenters for Disease Control(CDC) for stopping the spread of germs and viruses. 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. He served as a national office clearing partner, consulting with clients on complex accounting and reporting matters. January 25, 2023 "Eric is a passionate advocate for continuous improvement and under his leadership FPL has transformed into the nation's largest electric utility, providing our customers with the country's most reliable service with bills significantly lower than the national average. Doing the right thingis a core value forFPL, which is why wewill always do the right thing for our customers. "We're not making a connection," said John Ketchum, CEO of NextEra Energy. Our company has a strong track record of preparing for many kinds of emergencies, including a potential pandemic. He also completed the Emerging CFO Strategic Financial Leadership Program at Stanford University. Lynn Hurtak defeats Janet Cruz in Tampa City Council runoff, CEO who turned Creative Pinellas into a thriving arts center is retiring. This covers all compensation that don't fit in any of these other standard categories. In a South Florida race, the tactic helped oust state Sen. Jos Javier Rodrguez, one of FPLs chief antagonists in the Legislature. 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. Copyright 2023 NextEra Energy, Inc. All rights reserved. The legislators responded on Jan. 10, saying they considered the commissions review incomplete given the news stories. Get answers to some of our most frequently asked questions. 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. 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. Subsequent leaks led to additional damaging stories about the utility. Mr. Pimentel also previously served as executive vice president, finance, and chief financial officer of NextEra Energy. 11:52AM. The company also said it will seek dismissal of a complaint filed last year at the Federal Election Commission and do not believe it is appropriate for a complaint such as this to move forward.. 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. The list is ordered by the highest total pay and not the highest salary. Mr. Lemasney directs power production activities for all renewable and clean energy power plants of NextEra Energys principal subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC. Below is a list of the top 10 highest-paid CEOs for the most recent complete fiscal year: 2021. Ms. Kujawa joined NextEra Energy in 2007 in NextEra Energy Marketing and has held various business and finance roles. No credit card required. NextEra Energy, Inc. NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered inJuno Beach, Florida. As for Silagy's departure, Ketchum said, "It's a little earlier than Eric would've wanted to do it.". And, well do it while delivering electricity thats clean, reliable and increasingly affordable. 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. 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 effort takes a lot of resources to gather and update. Mr. Pimentel currently serves on the board of Ameriprise Financial, Inc. Mr. Pimentel will officially take up his new role at FPL on Feb. 15, 2023, after which he and Mr. Silagy will work closely together to ensure a smooth transition of responsibilities. ERIs database has data from proxy statements going back to the year 2000 to help compensation professionals price executive compensation packages. While it may be the last thing on your mind, hurricane season is here. Business customers will also see asignificantone-time decrease in May. 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. 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. March 30, 2020, letter to customers from FPL President and CEO, Eric Silagy. Questions about recent news stories came up during NextEras fourth-quarter earnings call with financial analysts. 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 Check out the top banking and finance CEO salaries for the 2021 fiscal year and learn how executive compensation has changed in the banking industry. Prior to joining NextEra Energy, Mr. Crews was a partner at Deloitte & Touche, LLP. Mr. Eric E. Silagy has been president of FPL since December 2011. At Entergy (NYSE: ETR), we power life. Get the latest updates in news, food, music and culture, and receive special offers direct to your inbox. The announcement did not detail the reasons for Silagys retirement. Mr. Silagy has worked for NextEra Energy for nearly two decades. 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. 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. 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. Floridians are no strangers to difficult crises and Im confident that, together, we will become even stronger from our current challenges. Live from The now-former Matrix operatives controlled a nonprofit organization in 2020 that funded ads promoting three independent ghost candidates who ran for highly competitive state Senate seats, including one in Central Florida, but did not campaign for office. At the start of the Monday earnings call, Ketchum, the NextEra chief executive, directly addressed the media reports and federal election complaint. Silagy, the former lobbyist turned CEO of Florida Power & Light, one of the nation's largest electric companies and Florida's most fearsome power broke will retire. Its parent company had initiated an investigation of related media reports there. Eric Silagy, of Palm Beach Gardens, is the President and CEO of Florida Power and Light Company. Silagy, CEO since 2014, will depart the company in April. 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. 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. (business & personal). 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. ", Commenting on Mr. Pimentel rejoining NextEra Energy, Ketchum said, "We welcome Armando back to our company. 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. Cision Distribution 888-776-0942 We apologize for this inconvenience and are working to fix the issues as quickly as possible. Sign up for a free account. The funds supported a total of five spoiler candidates in state senate and county commission races in 2018 and 2020, as well as efforts to foil a ballot initiative that would have deregulated Florida's energy market. We want to make sure were doing everything we can to support you just as we always have because turning off the lights due to non-payment remains a last resort. Ketchum said during the earnings call that the utility was hiring externally because the executive in line to lead FPL needed more experience before stepping into the top role. While the conditions we are facing have changed, our commitment to you has not: we will work around the clock and we wont stop until everyones power is restored. He has also completed the Emerging CFO Strategic Financial Leadership Program at Stanford University. 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. Direct. Before that, he served as vice president of NextEra Energy Resources wind operations south, vice president of NextEra Energy Resources fossil, solar and pipeline Operations and vice president of central maintenance. Mark Lemasney is executive vice president of the power generation division of NextEra Energy, Inc., a leading clean energy company. These results are the consequence of the hard work and dedication of our nearly 10,000 FPL employees, who every day put the customer first and always strive to innovate and do better. He and his wife Courtney live in Tequesta, Florida with their two children, Carrigan and Brogan. 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. As neighbors and fellow Floridians, were in this together and FPL remains here to help, especially if you are experiencing hardship. $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. Learn about the latest updates for North American minimum wage changes on a monthly basis. Updated January 27, 2022 1:43 PM President and CEO of Florida Power & Light Eric Silagy speaks to the media after FPL imploded its last Florida-based coal-fired Of this total $1,400,000 was received as a salary, $1,960,000 was received as a bonus, $983,999 was received in stock options, $10,517,092 was awarded as stock and $220,744 came from other types of compensation. 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. In 2015, he was named senior vice president, corporate development, strategy, quality and integration. WebEric Silagy, President and CEO, Florida Power & Light Company FPL Northwest FL To ensure you have the best experience and receive the correct information at all times, 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. JUNO BEACH, Fla., Jan. 25, 2023 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that Eric Silagy, chairman, president and chief executive officer (CEO) of Florida Power & Light Company (FPL), has notified the company of his intention to retire after 20 years with the company, including 11 years leading FPL. PublishedJanuary 25, 2023 at 9:52 AM CST, Today's Schedule for WUWF-HD2 (Classical), Today's Schedule for WUWF-HD3 (Sightline). The documents also showed that Silagy coordinated with the political consultants to steer campaign contributions made through nonprofits in past elections. 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.. Published January 25, 2023 at 9:52 AM CST. Prior to his appointment as president of FPL in 2011, he served as senior vice president of regulatory and state governmental affairs and as chief development officer, managing all generation development, including solar, natural gas and nuclear energy projects. 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. And, in the case of FPLs two dozen solar power plants, we dont need anyone to operate them at all. Internationally, companies are required to file Canadian Information Circulars, EU/UK Annual Reports, etc., depending on the companys location. 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. Executive Vice PresidentEngineering & Construction andIntegrated Supply Chain. Silagy and FPL, however, have been embroiled in a controversy about allegations that the utility was involved in shadowy behind-the-scenes efforts in 2018 and 2020 to elect Republicans to the Florida Senate. Nor did Hurricane Sally, especially with Hurricane Michaels memory still fresh. From all of us at Florida Power & Light Company, welcome to the family. Bob served in the U.S. Navy Nuclear Submarine Force from 1982 to 2003 and retired as a senior chief electrician. Does it still claim him? Ms. Kujawa serves on the board of directors for Nuclear Electric Insurance Limited. Want more of our free, weekly newslettersinyourinbox? Top 10 Highest-Paid CEOs in the United States in 2021. 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. 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. from 8 AM - 9 PM ET. In a Jan. 5 letter, they asked the commission to determine whether the company was using ratepayer money for political purposes. Executive compensation is a combination of the cash and non-cash pay that an executive-level employee receives. However, our plan would give you the total annual savings in a single months bill. Five people have been criminally charged in connection to the ghost candidate scheme, including two of the candidates. "I want you to make his life a living hell seriously," Silagy wrote in a 2019 email to two of his vice-presidents about one of the Democratic state senators whose 2020 electoral contest was complicated by a spoiler candidate. 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.. Email. 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 Publicly Available Info. Rodriguez has pleaded guilty and agreed to cooperate with prosecutors. We will continue to use technology and our smart grid capabilities to serve you with reliable power and self-service options throughout this situation. John Ketchum, chairman, president, and chief executive officer of NextEra 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. 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. As the coronavirus (COVID-19) situation intensifies, there are two very important things I want you to know: We know this a difficult and unsettling time and as Floridians, neighbors, friends and family, we are in this together. March 23, 2020, letter to customers from FPL President and CEO, Eric Silagy. I hope you and your family continue to be safe and well amid the ongoing disruptions associated with the coronavirus (COVID-19) pandemic. 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. No one at FPL has been accused of wrongdoing by authorities and the company has said an internal review cleared its employees. 3 min read. Ms. Caplan is also a member of the International Womens Forum. At NextEra Energy, were committed to our core values of being committed to excellence, doing the right thing and treating people with respect. Bottom line, waiting until a hurricane is on our doorstep to prepare isnt going to cut it. The complaint alleges the nonprofits may have violated federal campaign finance laws in order to conceal political spending. 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? Protect yourself by learning how to spot a scam. WebEric Silagy President and CEO, Florida Power & Light Company Your new customer experience Its faster and easier to get the help you need if we have your accurate contact information. Mr. Reagan holds a Bachelor of Science degree in electrical engineering from Clarkson University. Here are some things Id like for you to know: Were monitoring COVID-19 closely:As part of our standard preparedness protocol, we have been closely monitoring and assessing the impact of COVID-19 and urging our employees to follow recommendations from the Centers for Disease Control and Prevention and the World Health Organization for protecting themselves and others from this virus. John Ketchum is chairman, president and chief executive officer (CEO) of NextEra Energy, Inc. (NYSE: NEE), a leading clean energy company. Chairman, President and Chief Executive Officer NextEra Energy, Inc. ChairmanFlorida Power & Light Company. Copyright 2023, Florida Power & Light Company. FPL CEO Eric Silagy (left) speaks with Gov. 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. It also serves most of Floridas eastern coast and Southwest Florida counties south of the Tampa Bay area. COVID-19 certainly hasnt made it any easier. Alissa Jean Schafer. Ron DeSantis. Silagy also talked about FPL's role in convincing JEA to decommission and demolish the coal-fired St. Johns River Power Park in 2018. Normally,changes in fuel costs, whether savings or cost increases,are spread out over the balance of the year. So, thats probably all that were going to say on that today.. He is a certified Six Sigma Black Belt and holds a Florida Professional Engineering license. 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. Letsgetstarted. Long-term incentives, like stock and option awards, Perquisites, like use of a company car or country club membership. 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. And through it all, FPL will stay focused on delivering you the affordable, reliable power that you have come to count on. Common Compensation Terms and Formulas - January 2023. Florida Power & Light CEO Eric Silagy announced his retirement on Wednesday. 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. DeSantis has this advantage over Trump in 2024. 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. Along with our investments in smart grid technology and modern generation equipment, we have extensive plans in place to ensure that we meet the energy needs of all customers and communities during these difficult times, while doing all we can to protect the health and safety of our team members as we power these essential operations. Recently Eric Silagy announced his departure as CEO of Florida Power & Light (FPL), one of the nation's largest utility companies. Eric has been a devoted supporter of the state and his work for a variety of organizations has helped to foster Florida's economic growth, strengthen the state university system and grow the next generation of Florida leaders. ERI published a whitepaper analyzing why nonprofits in the education industry pay higher, on average, than other nonprofit industries. Executive Vice PresidentNuclear Division and Chief Nuclear Officer. WebEric Silagy Email Address Found 1 email address listing: @fpl.com Eric Silagy Phone Number Found 4 phone numbers: 954-956-XXXX 561304XXXX 561624XXXX 561-301 Eric Silagy is president and CEO of Florida Power & Light Company (FPL), a subsidiary of NextEra Energy, Inc., and one of the largest investor-owned electric utilities in the nation. Mr. Silagy's last day with NextEra Energy will be May 15, 2023. "It has been an honor and privilege to lead the FPL team for more than a decade and I couldn't be more proud of the accomplishments we have delivered to our customers and the state of Florida," said Mr. Silagy. Eric Silagy made $15,553,964 in total compensation as President and Chief Executive Officer of Florida Power and Light Company at NextEra Energy Inc in 2021. Mr. Crews had direct profit and loss responsibility of NextEra Energy Resources approximately 24,600 megawatts of total net generating capacity, primarily in 38 states and Canada as of year-end 2021. 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. He also led Deloittes power and utilities business segment. A good place to learn more iswww.FPL.com/Help. WebAs President and CEO of FPL at NEXTERA ENERGY INC, Eric E. Silagy made $15,081,835 in total compensation. 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. 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. Ricardo Rossello, governor of Puerto Rico, in Bayamon, Puerto Rico, as power was being restored to a neighborhood in He was appointed to the board in 2019 by Gov.
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