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Florida Power CEO implicated in scandals abruptly steps down

NPR · Mario Ariza and David Folkenflik

Florida Power & Light, one of the largest power companies in the country, unexpectedly announced the retirement of its CEO on Wednesday.

Eric Silagy, CEO since 2014, will depart the company in April.

Silagy, 54, has been a key figure in an ongoing scandal embroiling the company that includes allegations of campaign finance violations, media manipulation, and the surveillance of critical journalists.

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Electricity is a secondary energy source: it is generated through the conversion of primary energy sources such as natural gas, coal, solar, hydropower, and wind. Electricity’s versatility is not cost-free: a substantial amount of energy is lost in its generation and the cost of storage is high, compared with fuels such as coal, oil and natural gas. The economics of battery technology hold the key to expanded use of renewable sources to generate electricity.

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