The Miami Herald reports today on the annual salary increases of the CEOs of FPL Group and its Florida Power & Light subsidiary, which of course comes right out of all our monthly electricity bills.
According to the Herald:
Nice work, when you can get it! Especially when all the rest of us are threatened with loss of our jobs and our homes ...FPL Group (FPL), the parent of Florida Power & Light, announced that its chief executive, Lewis Hay III, received $11.5 million in total compensation in 2008, a 9.9 percent increase from his compensation package in 2007.
Armando Olivera, president of the FPL utility, received $3.6 million, an increase of 11 percent. Armando Pimentel Jr. received $1.7 million in his first year as chief financial officer.
Wonder how much of the ever-rising monthly cost of our electricity goes to pay for special entertainment pavilions at Golf tournaments, or slick marketing brochures that tell us that nuclear energy is "clean and safe" or the salaries of hoards of outside consultants and PR spinners and attorneys and lobbyists who we pay to help FPL sell its unchecked expansion to politicians and back to us, the customers.
Oh, and add one more cost that gets passed back to us on our monthly bills because it's tallied as an "operating expense" in FPL's annual budget ...
The Palm Beach Post reports today that in January, FPL paid the U.S. Nuclear Regulatory Commission a $130,000 fine because six security guards at Turkey Point nuclear plant either "slept or served as lookouts for other guards who were sleeping "on multiple occasions" between 2004 and 2006."
Go figure! Wackenhut security guards don't do their job, endangering FPL customers living near the nuclear plant, and those same FPL customers ultimately get stuck with the $130,000 bill!
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