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☆ East Coast prepares for major storm bringing high winds and torrential rain
▼ + stars: | 2023-12-16 | by ( Minyvonne Burke | ) www.cnbc.com time to read: +2 min

Cities across the eastern U.S. are preparing for a major storm system that will damper weekend plans when it brings torrential rain, high winds and severe thunderstorms to the East Coast. On Sunday, torrential rain is expected for nearly the entire state of Florida. Severe thunderstorms that could bring isolated nocturnal tornadoes in parts of the state, including Tampa and Orlando, are also possible. Heavy rain and strong winds are expected on the Mid-Atlanta coast. The NWS warned, however, that conditions will begin to deteriorate late Sunday into Monday when the storm "brings drenching precipitation and gusty winds to southern New England."

Persons: Kathy Hochul Organizations: Weather Channel, Florida, & Light Company, National Weather Service, Brooklyn, NWS, The New York State Division of Homeland Security, Emergency Services, Boston Locations: U.S, East Coast, Gulf, Mexico, Florida, Tampa, Orlando, Atlanta, New York, Queens, Long, Connecticut, New London County, Manhattan, Bronx, Staten Island, Westchester, Hudson, Capital, Boston, New England

Most of the nation's power lines are above ground because its cheaper to do it that way. But more utilities have been burying power lines in response to bigger and more destructive natural disasters. That fire was started by lightening, not PG&E's power lines, but it is a reminder of the lasting damage that wildfires can cause. The Public Utilities Commission is considering two other plans that would include both burying power lines and using protective coverings. While burying power lines is the most effective way to prevent wildfires, it is not a quick fix.

Persons: —, “ We’re, ”, Patti Poppe, “, Gavin Newsom, Poppe, ” Poppe, Critics, Ken Cook, It’s, Matt Baker, ” Baker, we’ve, we’re, Feyla McLeod Organizations: Gas &, California Public Utilities Commission, Gov, Florida Power, Southern California Edison, San Diego Gas &, Associated Press, Environmental, Public Utilities Commission, Reform Network, Office, California, E's, PG Locations: Calif, California, Florida, Southern California, San, Sacramento, San Francisco, Poppe, Paradise, Southern, Northern California

☆ Jamie Foxx plays attorney Willie Gary in new movie "The Burial." Ex-clients say the real lawyer is a creep who screwed them out of millions.
▼ + stars: | 2023-10-14 | by ( Jack Newsham | ) www.businessinsider.com time to read: +16 min

"The Burial" stars Jamie Foxx as real-life lawyer Willie Gary, who won a $500 million case in 1995. Elliott isn't the only ex-client of Willie Gary and his firm, Gary Williams Parenti Watson & Gary, to be angry about how she was treated. Lawyer Willie Gary poses for a selfie with a guest at a screening of "The Burial." Attorney Willie Gary and his client Don King speaking to the press in 2005. She has so far managed to seize $102,000 from an account the Gary firm had with Truist.

Persons: Jamie Foxx, Willie Gary, Gary —, —, Gary, Ernestine Elliott, Ford —, Elliott, Elliott isn't, Gary Williams Parenti Watson, Tommy Lee Jones, Luisa Esposito, Grant Halverson, Willie Gary's, Willie, couldn't, Jeremiah O'Keefe, O'Keefe, Loewen couldn't, Loewen, Gary Parenti, Don King, Jim McIsaac, Ford, schemed, he'd, Gary's cocounsels, Lawrence Fox, Fox, Bruce Green, Green, Gary didn't, Sharron Mangum, Mr, Mangum, Marietta Goodman, Coke, Jillian Nedd, Nedd, Ardria Clark, Tamesha Marshall, Pharr, Clark, Marshall, Ray Rogers, He's, leafleted, Rogers, Willie Lewis, Troy Fulks Jr, Fulks, Lewis, Esposito, she'd, didn't, Justice II, hasn't, Gary's, Debra Sweeting, it's, Sweeting, we're, Variety Organizations: Service, Disney, Nissan, Hollywood, reneging, Gary Parenti Facebook, Anheuser, Busch, Yorker, Group, New Yorker, Fordham, Cola, Coke, FBI, Gary, Florida Bar Association, Palm Beach Post, Florida Power, dimes, Finance Group, Wings, Justice, Boeing, Gary Foundation Locations: Georgia, Florida, Mississippi, New York City, New York, Palm Beach, Flint , Michigan, disbursements

☆ We left Florida because our homeowners insurance ballooned to $12,000. We walked away from everything we knew so our kids could have a future.
▼ + stars: | 2023-09-20 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

They fled to Wisconsin after their homeowners insurance premium doubled, seeing no end in sight. Natalia: In 2016 my husband and I purchased the home I grew up in in Plantation, Florida, from my parents. After the roof, we got a quote from the statewide insurance, Citizens Property Insurance Corporation. AdvertisementAdvertisementIt was just kind of like you're walking, you're walking, you're walking with your head down, and then when you finally look up, you realize you're lost. John: We haven't paid insurance yet, but all our neighbors tell us that insurance is about $1,200 a year.

Persons: Natalia, John, It's, we're, FPL Organizations: Service, Property Insurance Corporation, Florida Power, Wisconsin Dells, . Wisconsin, Olive Photography Locations: Florida, Wisconsin, Wall, Silicon, Plantation , Florida, Fort Lauderdale, Dell Prairie , Wisconsin, Milwaukee, Miami, That's, Dell, Plantation, South Florida, ., . Wisconsin Dells , Wisconsin, Disney

☆ Fight the market malaise with these ‘attractive’ stocks, Bank of America and Goldman say
▼ + stars: | 2023-09-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs and Bank of America named an assortment of companies this week that they say have upside in the weeks ahead. NextEra Energy Buy the dip in shares of the renewable energy company, Goldman analyst Carley Davenport says. Endeavor Group Bank of America analyst Jessica Reif Ehrlich said earlier this week that shares of the media company offer "striking value." Endeavor Group- Bank of America, buy rating "An entourage of highly attractive assets. ... .We continue to believe that valuation is attractive..." H World Group Limited- Bank of America, buy rating "Shares weak despite solid results = attractive opportunity.

Persons: Goldman Sachs, Goldman, Carley Davenport, Davenport, she's, Jessica Reif Ehrlich, Reif Ehrlich, BofA, Neil Mehta, Mehta Organizations: Bank of America, CNBC, Marathon Petroleum, Endeavor, H, NextEra, Florida, Endeavor Group Bank of America, WWE, UFC, Media, Entertainment, MPC, Petroleum, ~$ Locations: China

☆ Factbox: Stocks to watch as Hurricane Idalia makes landfall in Florida
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

Hurricane Idalia hits Florida's west coast in a composite image from the National Oceanic and Atmospheric Administration (NOAA) GOES-East weather satellite August 30, 2023. NOAA/Handout REUTERS Acquire Licensing RightsNEW YORK, Aug 30 (Reuters) - Millions of Florida residents evacuated to higher ground after Hurricane Idalia, an "extremely dangerous" Category 3 storm, made landfall on Wednesday at the state's Gulf Coast. Idalia was forecast to unleash destructive winds and torrential downpours that will cause coastal flooding up to 16 feet (5 m) deep. An early news briefing by Florida Governor Ron DeSantis was interrupted for a few seconds by a power cut. Shares of NextEra Energy (NEE.N), which owns the Florida Power & Light Company, the state's largest utility, was little changed at $67.51.

Persons: Idalia, Ron DeSantis, Kinder Morgan, Owens Corning's, Chibuike Oguh, Lance Tupper, Marguerita Choy Organizations: National Oceanic, Atmospheric Administration, NOAA, Handout REUTERS, Florida, NextEra Energy, Florida Power & Light Company, Duke Energy, Generac Holdings, Chevron, Universal Insurance Holdings, Allstate Corporation, American International, Home, Lowe's, Thomson Locations: Florida, Gulf Coast, Idalia, Georgia, South Carolina, U.S, Gulf, Mexico, New York

☆ Factbox: Stocks to watch as Idalia makes landfall in Florida
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

Electric power transmission pylon miniatures and Nextera Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNEW YORK, Aug 28 (Reuters) - Florida is bracing for Tropical Storm Idalia as it intensifies into a major hurricane on Monday before making landfall on the state's Gulf Coast by Wednesday morning. About 20 million Floridians are under hurricane and tropical storm watches, and authorities have begun issuing evacuation orders. Shares of NextEra Energy Inc (NEE.N), which owns the Florida Power & Light Company, the state's largest utility, was little changed at $68.06, up 0.154%. Reporting by Chibuike Oguh in New York; editing by Lance Tupper and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Idalia, Here's, Ron DeSantis, –, Owens Corning, Chibuike Oguh, Lance Tupper, Nick Zieminski Organizations: REUTERS, Simpson, National Hurricane Center, POWER Florida, NextEra Energy Inc, Florida Power & Light Company, Duke Energy Corp, Generac Holdings, Universal Insurance Holdings, Allstate Corporation, American International, Home, Lowe's, Thomson Locations: Florida, Coast, Big, New York

☆ Stocks to watch as Idalia makes landfall in Florida
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNEW YORK, Aug 28 (Reuters) - Florida is bracing for Tropical Storm Idalia as it intensifies into a major hurricane on Monday before making landfall on the state's Gulf Coast by Wednesday morning. Idalia is predicted to transform into a Category 3 on the Saffir-Simpson Hurricane Wind Scale when it makes landfall in northern Florida's Big Bend area, where the panhandle transitions into the peninsula, the National Hurricane Center said. About 20 million Floridians are under hurricane and tropical storm watches, and authorities have begun issuing evacuation orders. Shares of NextEra Energy Inc (NEE.N), which owns the Florida Power & Light Company, the state's largest utility, was little changed at $68.06, up 0.154%. Duke Energy Corp (DUK.N) said on Monday it is mobilizing approximately 4,500 people - power line technicians, vegetation workers, damage assessors and support personnel – to respond to power outages as Idalia reaches Florida.

☆ Power shutoffs: Sweltering Americans have fewer protections this summer
▼ + stars: | 2023-07-11 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

Despite the growing concern of heat-related illnesses and climate change, people have far fewer protections from power shutoffs during the summer than they do in the winter. The Low Income Home Energy Assistance Program, known as LIHEAP, has about $6 billion in funds for fiscal 2023, which runs through September. The association is calling on Congress to provide an additional $3 billion for cooling assistance this summer, which would help about 6 million households. And it is asking utilities to voluntarily suspend shutoffs this summer for those behind on their bills. Florida Power & Light, for instance, has a longstanding policy that it won’t disconnect customers if it’s 95 degrees or higher.

Persons: David Konisky, ”, Konisky, Mark Wolfe, That’s, Wolfe, it’s, Bianca Soriano, Soriano Organizations: New, New York CNN, National Weather Service, Center for Energy, National Energy Assistance, Association, Energy, Indiana University, Centers for Disease Control, Income, Energy Assistance, Lawmakers, US Energy Information Administration, Louisiana —, Florida, Customers Locations: New York, United States, Washington, DC, Delaware, Nevada, Colorado , Missouri, New Jersey, Texas, Louisiana, Florida

☆ Boring no more. Goldman says buy these utility stocks that are enabling a clean energy future
▼ + stars: | 2023-06-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Utility stocks are poised to capitalize on a clean energy future, according to Goldman Sachs. The shift to clean energy will require a "significant" amount of capital investment, which will contribute to attractive earnings and rate base growth, Davenport said. Among the names Goldman rated a buy are American Electric Power, NextEra Energy, Sempra and Southern Co. American Electric Power and NextEra Energy both hit several of Goldman's themes. NextEra Energy offers more than 21% upside to Goldman's price target, plus a 2.5% dividend yield. Meanwhile, Sempra is also an attractive growth opportunity, Davenport said.

Persons: Goldman Sachs, enablers, Carly Davenport, Davenport, Goldman, Sempra, CNBC's Michael Bloom Organizations: Utilities, Fund, Industry, American Electric Power, NextEra Energy, Sempra, Southern Co . American Electric Power, NextEra, Florida, Electric, LNG, Infrastructure, Southern Co Locations: United States, Southern, FPL, Texas

☆ The 'brain' behind Ron DeSantis' likely presidential campaign was involved in a major 'ghost candidate' scandal in Florida: 'If it's not illegal, it should be'
▼ + stars: | 2023-05-11 | by ( Katherine Long | ) www.businessinsider.com time to read: +8 min

The Florida pollster Ryan Tyson is expected to be a top advisor in Ron DeSantis' presidential bid. Ron DeSantis' presumptive presidential bid, was deeply enmeshed in a major Florida political-corruption scandal that has resulted in criminal charges for five people, two of whom have been convicted. At the center of the scandal are "ghost candidates" — those drafted to run purely to siphon votes from an opposing party in close races. It's not illegal to run ghost candidates, Miami-Dade State Attorney Katherine Fernandez Rundle, a Democrat, said at a news conference in 2021 after two people were arrested on campaign-finance charges in connection with the scheme. Tyson is "Ron DeSantis' brain," Peter Schorsch, the publisher of Florida Politics, said.

☆ Disney blocks Ron DeSantis' Florida power play with a royal family clause
▼ + stars: | 2023-03-30 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Disney used a legal clause that name checks King Charles III to apparently thwart Florida Gov. Ron DeSantis' attempt to strip the company of its self-governance power in the state. For nearly a year, state legislators, encouraged by DeSantis, have sought to exert more control over the company's Florida-based theme parks by passing a bill that would dissolve Disney's special tax district. DeSantis also wanted to rename the area the Central Florida Tourism Oversight District and plant a new board to oversee it. As part a 30-year development agreement, Disney no longer needs board approval to build high-density projects or buildings of any height and can sell or assign development rights.

☆ Bigger utilities to benefit most from Biden's clean-energy funds
▼ + stars: | 2023-02-07 | by ( Laila Kearney | ) www.reuters.com time to read: +3 min

The Biden administration's $430 billion Inflation Reduction Act devotes billions of dollars for tax credits and direct payments for solar, wind, battery and other energy sources to move electric power supplies from fossil fuels. Regulated utilities including Duke Energy Corp (DUK.N) and Dominion Energy Inc (D.N) begin reporting fourth-quarter results this week and analysts expect them to lay out plans for capitalizing on the IRA. NextEra, the biggest U.S. generator of renewable energy, has a backlog of 16,500 megawatts of renewables projects. The parent of Florida Power and Light has added 25% to that backlog in the last year, executives have said. Solar projects in sunny states in the south and southwest and wind projects in the Midwest are among the best situated to collect IRA dollars, she said.

☆ NextEra shares tumble as revenue misses, head of key unit leaves
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +3 min

Jan 25 (Reuters) - NextEra Energy Inc (NEE.N) on Wednesday posted mixed quarterly results, sending its shares sliding as the renewable power company announced the retirement of the head of its key Florida utility unit. NextEra's shares dropped 6% on Wednesday, making the company one of the day's biggest losers in the Standard & Poor's 500 Index. The company is the third-largest U.S. energy company by market value, trailing only oil and gas giants Exxon Mobil (XOM.N) and Chevron Corp (CVX.N). NextEra is banking on increased use of renewable energy like solar and wind for power generation amid a global push to shift to cleaner fuel sources. Natural gas prices averaged $6.10 per million British thermal units (mmBtu) in the October-December quarter, about 26% higher than the previous year.

☆ Factbox: Over 210,000 without power in Florida from Hurricane Nicole
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: 1 min

Nov 10 (Reuters) - Over 210,000 homes and businesses were without power in Florida early on Thursday after Hurricane Nicole crashed into the state's east coast overnight. Utilities have already restored service to about half of the roughly 400,000 customers who lost power since the storm hit Wednesday night. Hurricane Nicole weakened into a tropical storm shortly after making landfall on Florida's east coast, the National Weather Service said. read moreThe utility with the most outages and most customers already restored is Florida Power & Light Co (FPL), the nation's biggest power utility. FPL is a unit of Florida energy company NextEra Energy Inc (NEE.N).

Turkey Point sits on porous rock and underneath it is the Biscayne Aquifer – a primary source of drinking water. Nuclear plants have up to 60 years after they shut down to dispose of their nuclear waste. “FPL and the NRC regularly evaluate nuclear power plant operating conditions and physical infrastructure to ensure ongoing safe operations,” the company said. Electrical cables from Turkey Point Nuclear Power plant that power 1 million homes in South Florida. Alfonso Duran for NBC NewsNew homes under constructed near Turkey Point nuclear power plant in Miami in September.

Share this -Link copiedFloridians are livestreaming Hurricane Ian on TikTok Floridians are giving TikTok users a front-row seat to Hurricane Ian. Storm surge map, they didn’t have a color for 12 to 15 feet," he said about the historic levels of storm surge expected near where Ian is expected to make landfall. Share this -Link copiedA view of Hurricane Ian from the International Space Station A view of Hurricane Ian from the International Space Station, on Monday. Share this -Link copiedSatellite images show Hurricane Ian approaching Florida Hurricane Ian over the Gulf of Mexico early Wednesday. Share this -Link copiedIan expected to strengthen until making landfall, officials say Hurricane Ian is still forecast to strengthen until the hurricane makes landfall in Florida, the National Hurricane Center said.

☆ Factbox: U.S. companies brace for Hurricane Ian
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +5 min

Sept 28 (Reuters) - Hurricane Ian is set to make landfall in Florida on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. NextEra Energy Inc's (NEE.N) Florida Power & Light Co, the largest utility in the state, deployed nearly 16,000 workers from 27 states to restore power. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.

Storm surge map, they didn’t have a color for 12 to 15 feet," he said about the historic levels of storm surge expected near where Ian is expected to make landfall. Share this -Link copiedA view of Hurricane Ian from the International Space Station A view of Hurricane Ian from the International Space Station, on Monday. “We are extremely concerned about the potential impacts Hurricane Ian may have on phosphate facilities around the state,” Whitlock added. Share this -Link copiedIan strengthens into Category 4 storm Hurricane Ian has strengthened into a Category 4 storm as it advances upon Florida's west coast. Share this -Link copiedSatellite images show Hurricane Ian approaching Florida Hurricane Ian over the Gulf of Mexico early Wednesday.

Share this -Link copiedView of Hurricane Ian from International Space Station View of Hurricane Ian from the International Space Station. Share this -Link copiedIan on track to make landfall in Florida as 'catastrophic' Category 4 storm Hurricane Ian is strengthening as it nears Florida's west coast, officials said. “We are extremely concerned about the potential impacts Hurricane Ian may have on phosphate facilities around the state,” Whitlock added. Share this -Link copiedIan strengthens into Category 4 storm Hurricane Ian has strengthened into a Category 4 storm as it advances upon Florida's west coast. Share this -Link copiedSatellite images show Hurricane Ian approaching Florida Hurricane Ian over the Gulf of Mexico early on Wednesday morning.

☆ Factbox: Over a million customers without power in Florida from Hurricane Ian
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

People walk in a hallway using a flashlight during a power outage as Hurricane Ian makes landfall in southwestern Florida, in Fort Myers, Florida, U.S. September 28, 2022. REUTERS/Marco BelloSept 28 (Reuters) - More than 1.3 million homes and businesses were without power in Florida as Hurricane Ian hit the state's west coast on Wednesday, according to local power companies. Some utilities have started to restore customers now that the storm has passed southern Florida even though the number of outages continues to increase as the storm heads inland. The U.S. National Hurricane Center said Ian was causing catastrophic storm surge, winds and flooding in the Florida Peninsula. Register now for FREE unlimited access to Reuters.com RegisterThe utility with the most outages so far was Florida Power & Light Co (FPL), a unit of Florida energy company NextEra Energy Inc (<NEE.N>).

☆ Factbox: Over 169,000 customers without power in Florida from Hurricane Ian
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

Sept 28 (Reuters) - More than 169,000 homes and businesses were without power in Florida as Hurricane Ian approached the state's west coast on Wednesday, according to local power companies. The U.S. National Hurricane Center said Ian was moving onshore and would cause catastrophic storm surge, winds and flooding in the Florida Peninsula. The storm was located about 45 miles (75 km) west-northwest of Naples, Florida, and was packing maximum sustained winds of 155 miles (250 km) per hour at 11 a.m. EDT (1500 GMT). Florida Gulf Coast residents emptied grocery shelves, boarded up windows and fled to evacuation shelters as Hurricane Ian barreled closer on Wednesday, lashing the state's southern tip hours before it was forecast to make U.S. landfall. Register now for FREE unlimited access to Reuters.com RegisterThe utility with the most outages so far was Florida Power & Light Co (FPL), a unit of Florida energy company NextEra Energy Inc (<NEE.N>).

☆ Factbox: U.S. companies gird themselves as Hurricane Ian makes landfall
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +6 min

Sept 28 (Reuters) - Hurricane Ian makes landfall in Florida with Category 4 fury on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. Costco Wholesale Corp closed nine stores located in Florida due to an impact of Hurricane Ian. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.

☆ Florida officials urge residents to prepare for coming storm Ian
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Sept 24 (Reuters) - Officials in Florida urged residents of vulnerable coastal regions to prepare for the expected arrival of a potentially dangerous storm named Ian, but no evacuations have been ordered. The storm could begin hitting southern Florida late on Monday or Tuesday morning. It is first expected to hit Jamaica, Cuba and the Cayman Islands, according to the U.S. National Hurricane Center. Sarasota Mayor Erik Arroyo told CNN that the city had been in touch with Florida Power & Light, and urged residents to prepare for a storm. Register now for FREE unlimited access to Reuters.com RegisterReporting by Diane Bartz Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

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