Item 7.01 Regulation FD Disclosure.
NextEra Energy, Inc. (NEE or we) and Florida Power & Light Company (FPL) are
furnishing the following statement to be made by the Chairman, President and
Chief Executive Officer of NEE during NEE's webcast report on its fourth-quarter
and full-year 2022 financial results on the date of this report:
As a reminder, we reported last quarter that we were reviewing allegations of
Florida state and federal campaign finance law violations raised in media
articles and a related complaint filed in October 2022 with the Federal Election
Commission. Our review of information reasonably available to us is now
substantially complete. 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. With
respect to the FEC complaint, you may recall that it was filed by a special
interest group and primarily relies on media articles to allege certain
violations of the Federal Election Campaign Act by various parties, including,
by implication, FPL. The FEC process is a confidential, civil administrative
process, with an investigation only commencing if the FEC votes to do so, which
decision likely will not occur until late this year. We plan to file our
response seeking dismissal of the complaint in the next few weeks and do not
believe it is appropriate for a complaint such as this to move forward. The
total amount of contributions referenced in the complaint is less than $1.3
million and we do not expect that allegations of federal campaign finance law
violations taken as a whole would be material to us.
Item 8.01 Other Events
(b) The following risk factor is filed herewith:
Allegations of violations of law by FPL or NEE have the potential to result in
fines, penalties, or other sanctions or effects, as well as cause reputational
damage for FPL and NEE, and could hamper FPL's and NEE's effectiveness in
interacting with governmental authorities
FPL's and NEE's business and reputation could be adversely affected by
allegations that FPL or NEE has violated laws, by any investigations or
proceedings that arise from such allegations, or by ultimate determinations of
legal violations. For example, media articles have been published that allege,
among other things, Florida state and federal campaign finance law violations by
FPL. These articles are referenced in a complaint subsequently filed with the
Federal Election Commission (FEC) that alleges certain violations of the Federal
Election Campaign Act. FPL and NEE cannot guarantee that the FEC complaint
process will not ultimately result in a finding that FPL or NEE violated federal
campaign finance or other laws, that applicable federal or state governmental
authorities may not investigate or take enforcement actions with respect to the
allegations or assert that legal violations by FPL or NEE have occurred, or that
violations may not ultimately be found by a court of competent jurisdiction or
other authorities to have occurred.
In addition, notwithstanding the completion or pendency of any internal review
or investigation by FPL or NEE of any allegations of legal violations, including
of the allegations regarding campaign finance laws set forth in the media
articles or FEC complaint, FPL and NEE cannot provide assurance that any of the
foregoing will not result in the imposition of material fines, penalties, or
otherwise result in other sanctions or effects on FPL or NEE, or will not have a
material adverse impact on the reputation of NEE or FPL or on the effectiveness
of their interactions with governmental regulators or other authorities.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses