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FEC clears NextEra Energy subsidiary of campaign finance allegations

EditorNatashya Angelica
Published 03/13/2024, 06:00 AM
© Reuters.

JUNO BEACH, Fla. - The Federal Election Commission (FEC) has concluded its review of a complaint against Florida Power & Light Company (FPL), a principal subsidiary of NextEra Energy, Inc. (NYSE: NYSE:NEE), finding no reason to believe the company violated the Federal Election Campaign Act (FECA). The decision to close the file was reached in late February, following allegations made by a nonprofit corporation in October 2022.

The FEC's closure of the case marks the end of its investigation into the allegations without any findings of wrongdoing by FPL. This development comes as NextEra Energy continues to operate as a prominent clean energy firm, boasting the title of America's largest electric utility based on retail electricity sales. The company serves approximately 5.9 million customer accounts, impacting over 12 million individuals throughout Florida.

NextEra Energy, headquartered in Juno Beach, Florida, is recognized as a leader in the clean energy sector. Its portfolio includes NextEra Energy Resources, LLC, which claims the title of the world's largest generator of renewable energy from wind and sun and is a global leader in battery storage technology. Additionally, the company operates seven commercial nuclear power units across Florida, New Hampshire, and Wisconsin, contributing to its clean, emissions-free electricity production.

Ranked among the Fortune 200 companies, NextEra Energy has received accolades for its commitment to sustainability, corporate responsibility, ethics, compliance, and diversity. While the FEC's recent notification removes the cloud of potential campaign finance infractions, the company maintains its focus on providing clean and affordable energy solutions.

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The information for this news article is based on a press release statement from NextEra Energy, Inc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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