NextEra Energy Resources is the world’s largest operator of wind and solar projects. In addition to wind and solar, NEER owns and operates generating plants powered by nuclear energy, natural gas, and oil. As of December 2017, the combined capacity of NEER’s facilities is 19.06 gigawatts (GW) across 32 states, 4 Canadian provinces, and 1 province in Spain. NEER also develops and builds battery storage projects. As of December 2017, NEER owns and operates approximately 205 electrical substations and 1,190 circuit miles of electric power transmission lines.In May 2018, the commissioning was held for Arkansas’ largest universal solar project, Stuttgart Solar Energy Center (81.0 MW) in Arkansas County, Arkansas, after construction was completed by NEER in partnership with Entergy Arkansas. Pinal Central Solar Energy Center, the largest universal solar project in Arizona, was also opened in Pinal County, Arizona (20 MW) along with a 10-megawatt lithium-ion battery storage system after construction was completed by NEER in partnership with Salt River Project (SRP).In November 2016, NextEra Energy Resources sold two natural gas plants located in Marcus Hook, Pennsylvania and other assets to Starwood Energy Group. The sale totaled approximately $765 million and included the combined-cycle Marcus Hook Energy Center (790 MW) and the simple-cycle Marcus Hook 50 Energy Center (50 MW).
In April 2011, Google Energy signed a power purchase agreement (PPA) with NextEra Energy Resources for 100.8 megawatts of wind energy from Minco II Wind Energy Center in Grady County and Caddo County, Oklahoma.In February 2018, NextEra Energy Resources filed a lawsuit against the United States Department of the Treasury for $127 million. The lawsuit involves the construction of Silver State South Solar Energy Center in Clark County, Nevada, which was completed in 2016. The lawsuit claims that “the government has arbitrarily withheld the money it should have paid the company under the Section 1603 grant program to offset the construction costs” and that “the government offered no explanation about why it withheld the money from the company”.As of May 2018, NEER has 32 universal solar projects and several small scale private generation solar projects in operation producing a net total of 2,153.7 megawatts (MW). Notable solar projects are listed below:As of May 2018, NEER has four natural gas plants in operation, all located in the Northeast region of the U.S., producing a net total of 420 megawatts (MW). The natural gas plants in operation are listed below:As of May 2018, NEER has three nuclear power plants in operation, producing a net total of 2,723.3 megawatts (MW), while the other two NextEra Energy nuclear power plants operate under Florida Power & Light. NEER is responsible for all nuclear unit operations and the ultimate decommissioning of the nuclear units, and the nuclear sites use both on-site spent fuel pools and dry cask storage to store spent nuclear fuel generated by the facilities. The NEER nuclear power plants in operation are listed below:As of December 2017, NextEra Energy Resources has wind facilities located in 21 states in the U.S. and 4 provinces in Canada, primarily located throughout Texas and the Western and Midwestern regions of the U.S. and Canada. The estimated Net Worth of John W Ketchum is at least $29.8 Million dollars as of 14 June 2023. Mr. Ketchum owns over 13,600 units of NextEra Inc stock worth over $13,718,305 and over the last 6 years he sold NEE stock worth over $9,924,281. In addition, he makes $6,150,820 as President and Chief Executive Officer of NextEra Energy Resources at NextEra Inc.Over the last 13 years, insiders at NextEra Inc have traded over $252,801,194 worth of NextEra Inc stock and bought 193,945 units worth $16,463,867 . The most active insiders traders include Kirk S Hachigian, James L Robo, and David L Porges. On average, NextEra Inc executives and independent directors trade stock every 18 days with the average trade being worth of $1,343,543. The most recent stock trade was executed by Robert Coffey on 14 June 2023, trading 4,000 units of NEE stock currently worth $299,600. John Ketchum is 49, he’s been the President and Chief Executive Officer of NextEra Energy Resources of NextEra Inc since 2019. There are 25 older and 6 younger executives at NextEra Inc. The oldest executive at NextEra Energy Inc is Toni Jennings, 71, who is the Independent Director.As the President and Chief Executive Officer of NextEra Energy Resources of NextEra Inc, the total compensation of John Ketchum at NextEra Inc is $6,150,820. There are 3 executives at NextEra Inc getting paid more, with James Robo having the highest compensation of $21,877,600. John W. Ketchum J.D. serves as President and Chief Executive Officer of NextEra Energy Resources of the Company. effective March 01, 2019. and he will be appointing as President and Chief Executive Officer of NextEra Energy Resources of the company, Effective March 01, 2019. He has been appointed chief financial officer and a member of the board of NextEra Energy Partners, LP (NYSE: NEP), has a diverse finance, legal, business and commercial transactions background with experience in domestic and international project development, project finance, mergers and acquisitions, dispute resolution, tax, corporate governance, corporate finance, securities, bankruptcy, operations, risk management, finance and accounting. He joined NextEra Energy in 2002 and has held various business, finance and legal roles. Most recently, he served as senior vice president, finance for NextEra Energy. Ketchum also has served in a variety of leadership roles within NextEra Energy Resources, including senior vice president, business management and finance, with responsibility for the CFO organization and the financial performance of the generation portfolio. In addition, he held the positions of general counsel and corporate secretary for NextEra Energy Resources. Prior to joining the company, Ketchum served as corporate counsel to TECO Energy and as a corporate and securities law associate forHolland& Knight, LLP inTampa, Fla.He began his career as a tax lawyer for Lathrop & Gage inKansas City, Mo., and, prior to that, worked in corporate banking. Ketchum earned a Bachelor of Arts degree in economics and finance from the University of Arizonaand a Master of Laws degree in taxation and a Juris Doctor from the University of Missouri – Kansas CitySchool of Law. Previously, Mr. Sieving served as executive vice president, general counsel and secretary of one of the largest publicly held competitive telecommunications companies at the time, where he had responsibility for legal, regulatory and legislative affairs. Before that, he was a partner in the Corporate, Securities and Finance Practice Group of Hogan & Hartson, L.L.P. in Washington, D.C., where his practice focused on representation of public companies in securities and business combination transactions, on corporate governance and on securities law and stock exchange compliance matters. Mr. Sieving was a frequent contributor to that firm’s publication on SEC and stock exchange developments.Prior to this position, Ms. Caplan served as vice president & chief operating officer for Florida Power & Light Company, a subsidiary of NextEra Energy, Inc., and one of the largest investor-owned electric utilities in the nation. She also served as NextEra Energy’s vice president of integrated supply chain where she was responsible for sourcing and logistics for more than $5 billion in goods and services annually.
Ron Reagan is executive vice president of engineering & construction and integrated supply chain for NextEra Energy, Inc. (NYSE: NEE), a leading clean energy company. He is responsible for enterprise-wide power plant engineering and construction activities and enterprise-wide sourcing activities. Mr. Reagan was named to this position in January 2020.
Kirk Crews is executive vice president, finance and chief financial officer (CFO) for NextEra Energy, Inc. (NYSE: NEE), a leading clean energy company. Mr. Crews is also executive vice president, finance and CFO of the company’s vertically integrated rate-regulated electric utility subsidiary, Florida Power & Light Company, as well as CFO and a member of the board of directors of NextEra Energy Partners, LP (NYSE: NEP), a growth-oriented limited partnership formed by NextEra Energy to acquire, manage and own contracted clean energy projects.Mr. Reagan has also served as NextEra Energy’s vice president of engineering & construction, vice president of integrated supply chain and vice president of procurement and materials management. In 2006, he joined the Power Marketing unit of NextEra Energy Resources, the company’s competitive generation subsidiary, serving as vice president of asset operations and trading. Earlier, he served in the business management organization with responsibility for several wind, solar, hydroelectric and natural gas assets. He joined the company’s rate-regulated electric utility subsidiary, Florida Power & Light Company, in 1990 and held operational and management positions in the power generation division.Charles E. Sieving is executive vice president & general counsel of NextEra Energy, Inc. (NYSE: NEE), a leading clean energy company. He is the head of the corporate legal department, with responsibility for the legal affairs of the company. Mr. Sieving also oversees the company’s environmental services, corporate secretary and corporate compliance groups; he also had responsibility for FPL FiberNet, the company’s fiber optic services provider, from August 2015 until its sale in early 2017. Mr. Sieving has served as executive vice president & general counsel since he joined NextEra Energy in December 2008.Mark Lemasney is executive vice president of the power generation division of NextEra Energy, Inc., a leading clean energy company. Mr. Lemasney directs power production activities for all renewable and clean energy power plants of NextEra Energy’s principal subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC. Under his leadership, the company operates over 62,000 megawatts of generating capacity at more than 300 sites across the U.S. and Canada, as well as 1,100 miles of pipeline.Ms. Caplan holds a bachelor’s degree in aerospace engineering from the University of Michigan and a master’s degree in manufacturing engineering from Boston University. She is a certified Six Sigma Master Black Belt. She is a member of the National Petroleum Council, an oil and natural gas advisory committee to the U.S. Secretary of Energy. She serves on the boards for the HR Policy Association, the Health Transformation Alliance, the Center for Energy Workforce Development, the Association to Advance Collegiate Schools of Business, the Urban League-Palm Beach County and the American Heart Association-Palm Beach County. Ms. Caplan is also a member of the International Women’s Forum.
Mr. Sieving also is general counsel of NextEra Energy Partners, LP (NYSE: NEP), a growth-oriented limited partnership formed by NextEra Energy, Inc. to acquire, manage and own contracted clean energy projects with stable, long-term cash flows. He has served in this role since the partnership’s formation in 2014 and formerly served as a board member of the general partner of NextEra Energy Partners from May 2014 to August 2017.Previously, Mr. Pimentel served as president and CEO of NextEra Energy Resources, a competitive clean energy supplier and the world’s largest generator of renewable energy from the wind and sun and a world leader in battery storage. 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. Mr. Pimentel also previously served as executive vice president, finance, and chief financial officer of NextEra Energy.Rebecca Kujawa is the president and chief executive officer of NextEra Energy Resources, LLC, a competitive energy supplier with approximately 24,600 megawatts of total net generating capacity, primarily in 38 states and Canada as of year-end 2021. NextEra Energy Resources is the world’s largest generator of renewable energy from the wind and sun, and a world leader in battery storage. Ms. Kujawa is also president and a member of the board of directors of NextEra Energy Partners, LP, a growth-oriented limited partnership formed by NextEra Energy (NYSE: NEE) to acquire, manage and own contracted clean energy projects.Mr. Lemasney earned a bachelor’s degree with honors in mechanical engineering from the Cork Institute of Technology in Ireland. He is a certified Six Sigma Black Belt and holds a Florida Professional Engineering license. He and his wife Courtney live in Tequesta, Florida with their two children, Carrigan and Brogan.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. He also led Deloitte’s power and utilities business segment. From 1996 to 1998, Mr. Pimentel worked in the Office of the Chief Accountant of the U.S. Securities and Exchange Commission as a professional accounting fellow. John Ketchum is chairman, president and chief executive officer (CEO) of NextEra Energy, Inc. (NYSE: NEE), a leading clean energy company. He was named president and CEO in March 2022 and became chairman of the board of directors in July 2022. Mr. Ketchum is also chairman of the company’s rate-regulated electric utility Florida Power & Light Company (FPL) as well as chairman and CEO of NextEra Energy Partners, LP (NYSE: NEP), a growth-oriented limited partnership formed by NextEra Energy to acquire, manage and own contracted clean energy projects. Mr. Sieving received his Juris Doctor from the University of Cincinnati College of Law, where he was Publications Editor of the Cincinnati Law Review, and received his Bachelor of Arts degree from Denison University. He is a member of the New York, Washington, D.C., and Ohio bars.
Robert (Bob) Coffey is the Chief Nuclear Officer of NextEra Energy’s Nuclear Fleet. Bob joined the company in 2003 and has grown through a number of positions of increasing responsibility within our nuclear fleet and corporate office during his tenure. Bob most recently served as corporate nuclear vice president. He also served our nuclear organization as vice president for the southern region and site vice president for multiple sites.Mr. Hickson holds a bachelor’s degree in aerospace engineering from Texas A&M University and a Master of Business Administration degree from Columbia University, where he graduated with honors. 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. Mr. Ketchum earned a Bachelor of Arts degree in economics and finance, graduating magna cum laude, from the University of Arizona. He has also completed the Emerging CFO – Strategic Financial Leadership Program at Stanford University. Mr. Ketchum joined NextEra Energy in 2002. He has served as president and CEO of NextEra Energy Resources, a competitive clean energy supplier and the world’s largest generator of renewable energy from the wind and sun and a world leader in battery storage. He has also served as chief financial officer of NextEra Energy and as chief financial officer of FPL. His previous roles at NextEra Energy Partners include president and chief financial officer.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. During her tenure with GE, she held leadership positions in customer service, operations, manufacturing, Six Sigma and project management with GE Capital and Aircraft Engines.
Reporting by the Orlando Sentinel and the Miami Herald tied Silagy to a group of political consultants who had spent millions of dollars to secretly further the power company’s political goals. The money was allegedly funneled through a network of tax-exempt nonprofits that obscured its origin. 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.Florida Power & Light CEO Eric Silagy announced his retirement on Wednesday. The company says the move was not prompted by recent scandals. Bloomberg/Bloomberg via Getty Images hide caption
“I think it took a toll,” Ketchum said Wednesday of the multiple crises. As for Silagy’s departure, Ketchum said, “It’s a little earlier than … Eric would’ve wanted to do it.”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. Its CEO, Mark Crosswhite, stepped down in December. Its parent company had initiated an investigation of related media reports there. (Neither Alabama Power nor its corporate parent, Southern Company, have commented on those disclosures.)NPR media correspondent David Folkenflik reported this story with Mario Ariza of Floodlight, a nonprofit newsroom that investigates the powerful interests stalling climate action.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. Media scrutiny of the company’s political giving began shortly after the 2020 election, when a trio of spoiler candidates tipped close state senate races toward candidates considered friendly to Florida Power & Light.”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. The state senator went on to lose re-election by six votes.The media reports were cited in an October 2022 Federal Election Commission complaint against several of the “dark money” non-profit organizations that received corporate funds. The complaint implicated Florida Power & Light in election law violations because of alleged attempts to obscure the source of the political donations.Its parent company, NextEra Energy, has commissioned two separate investigations – one internal, one by an outside law firm – following reporting by Florida newspapers, the non-profit news outlet Floodlight and NPR. Asked by Wall Street analysts during an earnings call on Wednesday whether Silagy’s retirement was in any way prompted by those reports, the parent company’s chief executive asserted that was not the case. “We’re not making a connection,” said John Ketchum, CEO of NextEra Energy. 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. Silagy, CEO since 2014, will depart the company in April.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. Money from the company also covertly secured favorable media coverage, investigations by the Orlando Sentinel, the Miami Herald, the Guardian, NPR, and Floodlight found. In one instance, leaked emails revealed Silagy even successfully suggested specific news coverage to one publication.
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By uniting the power of wind, solar, storage, and transmission companies and their allied industries, we enable the transformation of the U.S. power grid to a low-cost, reliable and renewable power system.Mr. Ketchum served as vice chairman of the Finance Committee and Finance Advisory Executive Committee, and as a member of the Wall Street Advisory Group for the Edison Electric Institute. He 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 and received the Charles E. Whittaker Award for Academic Excellence and the Wilbur L. Pollard Law Review Honor Award as the Law Review’s top contributor. Mr. Ketchum earned a Bachelor of Arts degree in economics and finance, graduating magna cum laude, from the University of Arizona. He also completed the Emerging CFO – Strategic Financial Leadership Program at Stanford University.