Earlier, he served in the business management organization with responsibility for several wind, solar, hydroelectric and natural gas assets. Florida Power & Light CEO Eric Silagy announced his retirement on Wednesday. The company announced on January 25, 2022 that Mr. Silagy will take on the added responsibility of Chairman of FPL effective March 1, 2022. I want you to know that Florida Power & Light Companys commitment to serve you before, during and after a storm remains unchanged. To benchmark total compensation for executives, we recommend subscribing to ERIs Assessor Platform. Report: 350+ Books Banned in Florida School Districts Since Last July, Uber, Lyft Drivers Strike at Florida Airports to Demand Livable Wages, All 200+ Books Banned in Florida and What Miami Booksellers Have to Say About It, Miami Dolphins Fan Guide to the 2023 NFL Draft, Shareholders Reeling in Wake of Miami SPAC-Merger Deals, Carollo Abuse-of-Power Trial Moves Forward in Wake of Jury-Tampering Claim. President and Chief Executive Officer of Florida Power and Light Company. 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. 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. Jeff Weiner is Content Director for Local News for the Orlando Sentinel. 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. 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. Asked during a Wednesday morning earnings call whether Silagys retirement was tied to the scandals, NextEra CEO John Ketchum said he was not making that connection but acknowledged 2022 was a challenging year for FPL. Mr. Hickson joined NextEra Energy in 2012 as vice president, corporate development and operational excellence. From May 2008 to March 2019, Mr. Pimentel was a member of NextEra Energy's senior executive team. 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. Disclosures are a great way to find executive compensation for publicly traded companies. 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. Nor did Hurricane Sally, especially with Hurricane Michaels memory still fresh. 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. 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.. ERI gathers data from these proxy statements, as well as from salary surveys, and displays the executive compensation data for the latest year on executive data pages, like this one. Learn about the latest updates for North American minimum wage changes on a monthly basis. In response to the stories, FPL has repeatedly denied any wrongdoing. Please provide us with the Personal Identification Number (PIN) that you were given for a co-browse session with our representative. He also served as president and a member of the board of NextEra Energy Partners, LP from June 2014 until March 2019. WebEric E Silagy, Nextera Energy Inc: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Markets Americas Bloomberg Markets Americas. 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. 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. Lived In Spring TX, Houston TX, Shreveport LA, Washington DC. ERI published a whitepaper analyzing why nonprofits in the education industry pay higher, on average, than other nonprofit industries. That statement was made before additional rounds of damaging disclosures prompted the investigation by the outside law firm. Get answers to some of our most frequently asked questions. 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. Sign up for a free account. In addition to payment plans, FPL can connect you with financial assistance at the local, state and federal level while its still available. As for Silagy's departure, Ketchum said, "It's a little earlier than Eric would've wanted to do it.". 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 Its video library also archives coverage for later viewing. From all of us at Florida Power & Light Company, welcome to the family. Become a member to support the independent voice of South Florida And, well do it while delivering electricity thats clean, reliable and increasingly affordable. In the Southeast, power company money flows to news sites that attack their critics, She was an ABC News producer. During major hurricanes, we typically bring in tens of thousands of out-of-state workers from across the country to help us restore power. 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. 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. DeSantis has this advantage over Trump in 2024. 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 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 commissions own documents in the rate case. 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. Learn the importance of job matching for compensation benchmarking and learn how to accurately determine a jobs total pay from salary surveys. 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. He has served in this role since the partnerships formation in 2014 and formerly served as a board member of the general partner of NextEra Energy Partners from May 2014 to August 2017. The company says the move was not prompted by recent scandals. Forthe averageresidential customerwho currently pays about $96 eachmonth, this willresult ina one-time decrease of nearly25%on your May bill. 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.. He also completed the Emerging CFO Strategic Financial Leadership Program at Stanford University. As fellow Floridians, were all in this together and you have my promise that we will continue to worksafely andtirelessly tokeep the lights onso you and your families have one less thing to worry about. He was appointed president and CEO in February 2023. Some customers may experience issues when trying to log in. The list is ordered by the highest total pay and not the highest salary. So, please take the time now tolearn moreabout how you can prepare for hurricane season. 3 min read. "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. 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. He also serves on the board of directors of the general partner of NextEra Energy Partners. Executive Vice PresidentHuman Resources and Corporate ServicesNextEra Energy, Inc. Deborah Caplan is executive vice president of human resources and corporate services for NextEra Energy, Inc., a leading clean energy company. It should be a point of pride and as synonymous with living in Florida as soaking up the sun on a sandy beach or visiting a world-class amusement park. Company Name. Prior to joining NextEra Energy, Ms. Caplan worked at General Electric Company as the senior vice president of global operations for Vendor Financial Services, a leasing and inventory finance company with $20 billion in assets and more than 500,000 accounts worldwide. 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. We urge you to be ready, too. He added that the company would soon challenge the complaint and call for its dismissal. We will never ask for your personal information over the phone or demand payment using money orders or gift cards. 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 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. No credit card required. The company says the move was not prompted by recent scandals. As with any quickly evolving situation, stay safe, stay informed, stay vigilant and be prepared. This includes adding more zero-emissions solar, pairing it with battery storage and even piloting innovative green hydrogen technology, that could potentially unlock 100% carbon-free electricity thats available 24 hours a day. 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. President and Chief Executive OfficerNextEra Energy Resources, LLC. Access your account by logging into FPL.com to ensure your contact information is current. It is comprised of yearly Base Pay and Bonuses. 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 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. NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. From expanding ourCare to Shareprogram and donating millions to local charities across the state,to suspending electrical disconnections, providing payment extensions and waiving late fees for customers in a hardship situation policies that will remain in effect while Florida is under a state of emergency FPL is committed to helping us all get through this difficult and unsettling time together. Weve all seen the shortages of supplies this pandemic has caused and you can imagine they could be magnified once a storm is bearing down on us. Mr. Ketchum joined NextEra Energy in 2002. 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. 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. At NextEra Energy, were committed to our core values of being committed to excellence, doing the right thing and treating people with respect. 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. March 30, 2020, letter to customers from FPL President and CEO, Eric Silagy. ERI's Executive Compensation Assessor makes it easy to benchmark executive compensation packages for planning and reporting. Moreover, the investments weve made over the past decade in smart grid technology have helped us automate our system, preventing millions of power outages and providing superior reliability for our customers. He is responsible for enterprise-wide power plant engineering and construction activities and enterprise-wide sourcing activities. Prior to joining NextEra Energy, Mr. Crews was a partner at Deloitte & Touche, LLP. And, its why these policies will remain in effect through June. Additionally, FPLs fleet of modern, state-of-the-art power plants requires significantly fewer people to operate than the older power plants they replacedminimizing concerns about having large numbers of essential employees working in groups. If youre experiencing hardship as a result of COVID-19, FPL and federal, state and local authorities have resources available to help you. Job Title. Executive Vice PresidentNuclear Division and Chief Nuclear Officer. Mr. Pimentel holds a Bachelor of Science degree in accounting from Florida State University. 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. 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. This week, we aretakingthe unprecedented step of askingthe Florida Public Service Commission to allow us to fast-track asignificantbill decreasebeginning in May. The Orlando Sentinel has reported that Silagy and other FPL executives worked closely with political operatives for Matrix LLC, an Alabama-based consulting firm that targeted political adversaries of the utility in recent years through covert political spending and other tactics. 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. He also served as vice president, controller and chief accounting officer for NextEra Energy and as chief accounting officer and controller of NextEra Energy Partners. He joined the companys rate-regulated electric utility subsidiary, Florida Power & Light Company, in 1990 and held operational and management positions in the power generation division. independent local journalism in Miami. 2023 ERI Economic Research Institute, Inc. ALL Rights Reserved. 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. Resides in Palm Beach Gardens, FL. Chairman, President and Chief Executive Officer, Executive Vice President & General Counsel. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from seven commercial nuclear power units inFlorida,New HampshireandWisconsin. WebSilagy remains the vice chair of the Florida Board of Governors, which oversees the state university system. Ron DeSantis. The legislators responded on Jan. 10, saying they considered the commissions review incomplete given the news stories. Ms. Caplan is also a member of the International Womens Forum. You can request a quote here. As Ive said before, these unprecedented times call for exceptional measures.
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