Through this special series on green-energy crony-corruption, we’ve been highlighting specific examples of green-energy loan guarantees and grants. What connects each of these cases is that they received fast-tracked approval from the Department of Interior (DOI) for their projects. Of course, they also have many other dots that connect, such as key players with White House visits, raising funds for Democratic campaigns, and serving within government agencies such as the Department of Energy (DOE) or as an appointed member to President Obama’s Job’s Council.
Now we come to the last of our “special seven” series. Like those before it, it contains many inside players and funding from various “stimulus” government programs. While Lewis Hay (the CEO of NextEra Energy) with his White House involvement and friendship with former Florida Governor Charlie Crist make for some juicy details in the NextEra story, we’ll begin with a brief background that will help put this next piece of the green-energy crony-corruption scandal in perspective.
NextEra Energy, Inc. is one of the oldest, third largest, and arguably one of the most solid power companies in the world, with “2011 revenues [that] totaled more than $15.3 billion.” It is estimated by Forbes, that CEO “Hay earns nearly $10 million in total compensation from NextEra.”
NextEra Energy Inc. has two primary subsidiaries:
With its wealth and widespread influence, the DOE gave this huge energy conglomerate nearly $2 billion of taxpayer money, which includes the two risky projects listed below, plus hundreds of millions more in various stimulus grants.