Category: FPL/Next Era Energy
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Resurrected lawsuit puts FPL’s past controversies back in the spotlight
By Nate Monroe
The Tributary
An investor lawsuit accusing Florida Power & Light’s parent company, NextEra, and several current and former executives of securities fraud can move forward, a panel of federal appeals judges ruled this week in a remarkable resurrection of the case. The suit, which has two Florida pension funds as the lead plaintiffs, argues that the company made misleading statements as Florida newspapers several years ago uncovered evidence of a wide range of misdeeds, including involvement in efforts to warp Florida elections through the use of “ghost” candidates, use of dirty tricks to acquire Jacksonville’s city-owned electric utility, surveillance of a journalist and attempts to control media coverage.
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