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Fedstosend500 Immigrantstocounty ACCENT | D1 TGIF|PAGE8 WEATHER | C10 DIDSHEWIN? REEVES Today: 83 | 75 Partly sunny, GARDENS RETURNS breezy Weather news WOMAN ON INSTYLISH Tomorrow: 83 | 76 from The Post’s Partly sunny, Kimberly Miller palmbeachpost. ‘PRICEISRIGHT’ ‘JOHNWICK3’ a few showers com/news/ weather REAL NEWS STARTS HERE Friday, May 17, 2019 palmbeachpost.com $2 Prosecutors: Keep Raja in prison during Fedstosend500 appeal in Jones death immigrantstocounty By Daphne Duret verdicts a Palm Beach The Palm Beach Post County jury returned Palm Beach, Sheriff calls Gov. DeSantis against him in March Calling him a killer on manslaughter and Broward officials ‘catch-and- wasn’t notified in who wounded the law attempted murder charges. critical of plan release’ a ‘danger’ advance, A7 enforcement community, The convictions make the prosecutors this week asked now imprisoned 41-year- a judge to keep former old the first police officer Palm Beach Gardens police in three decades to be held Officer criminally liable for taking Nouman a life while on duty. Raja in Assistant State Attorney prison as he Brian Fernandes objected fights his to Raja’s request Monday, convictions asking Marx in a six-page and 25-year courtfilingtorejectitwithout Raja prison sen- conductingahearing.Florida tence for Department of Corrections the 2015 shooting death of recordsshowRajaarrivedata stranded motorist Corey prison reception center from Jones. thePalmBeachCountyjailon Raja’s attorneys this May 1, less than a week after month asked Circuit Judge Marx sentenced him. Joseph Marx to free Raja as he appeals the guilty See RAJA, A7 Trump’s businesses down $3.6M in county 2018 financial report Beach, was the biggest loser Palm Beach County Mayor Mack Bernard speaks next to Sheriff Ric Bradshaw and FAU Police Chief shows drop for Mar- compared with other South and Palm Beach County Association of Chiefs of Police President Sean Brammer, far right, after the a-Lago and two golf Florida Trump businesses. announcement Thursday that the Border Patrol will transport 1,000 immigrants a month to Palm Beach courses in the county Mar-a-Lago saw a 10% and Broward counties. [GREG LOVETT/PALMBEACHPOST.COM] drop from $25.1 million By Christine Stapleton in 2017 to $22.7 million in The Palm Beach Post 2018. The decline could By Hannah Morse Inside said the process would begin reflect the hit Trump sus- The Palm Beach Post within two weeks, but federal President Donald Trump’s tained when more than 20 President Trump introduces agents did not indicate when it revenue from his Palm Beach charities canceled their WEST PALM BEACH — an immigration plan favoring would end. County businesses, includ- pricey fundraisers at in Palm Beach County officials ‘merit’ over family ties A3 “It’s not a good plan,” ing Mar-a-Lago and two response to the president’s on Thursday criticized the Bradshaw said during a golf courses, dropped $3.6 comments about protesters federal government’s plan news conference Thursday million in 2018, according at a deadly white-suprema- to send as many as 1,000 informed earlier this week by afternoon at PBSO to financial disclosure forms cist rally in Charlottesville, immigrants per month from the head of Border Patrol in headquarters. “We think it’s a released Thursday. Virginia, in 2017. the U.S.-Mexico border to Miami that about 500 people in danger to this community, and Mar-a-Lago, the presi- Palm Beach and Broward “family units” who had crossed it’s going to put a real strain on dent’s private club in Palm See TRUMP, A7 counties. the border illegally would be what the resources are.” Palm Beach County Sheriff brought from El Paso, Texas, to Ric Bradshaw said he was Palm Beach County. Bradshaw See FEDS, A12 Jury awards cyclist millions for injuries How NextEra became national utilities star Jonathan’s Landing along a lushly landscaped Florida Power & nation’s most valuable util- would snap it up. must pay for injuries path near the couple’s home Light’s parent rides ity, an investor darling and a Nearly two decades ago, suffered when man in Jonathan’s Landing in smart buys, alt energy green energy stalwart. NextEra — then known as hit pole in path Jupiter. to lofty post as nation’s As the Juno Beach-based FPL Group — said it would The next minute, most valuable company’s share price rou- be swallowed by a Spanish By Jane Musgrave the 64-year-old chief tinely sets new records, it’s utility. That deal fell apart, The Palm Beach Post accountant for the By Jeff Ostrowski easy to forget that, in recent and FPL Group followed up Securities and Exchange The Palm Beach Post memory, NextEra was an later in 2000 by announcing WEST PALM BEACH — Commission was lying in a afterthought in the energy it would buy New Orleans- One minute James Schnurr heap, his body and his life In a stunning transforma- business, a company whose based Entergy. Investors were was enjoying a postcard- irreparably broken. tion from also-ran to star, prospects seemed so mediocre irritated. perfect South Florida day NextEra Energy has emerged that investors held the stock with his wife, bicycling See INJURIES, A10 over the past decade as the in hopes that a larger rival See NEXTERA, A10 Volume 111, Issue 75 Business.............................B6-7 Lottery.................................. B2 Like and follow us on social media: To subscribe: 561-820-4663 Classifieds ........................ C7-9 Opinion ...............................A13 @pbpost © 2019 GateHouse Media Deaths .................................. B4 Sports................................... C1 Facebook.com/palmbeachpost A10 Friday, May 17, 2019 The Palm Beach Post REAL NEWS STARTS HERE built through years of low NEXTERA power prices and excel- Real Journalism. Worth your time. lent customer service,” Real Worth your support. From Page A1 Morningstar analyst Andrew Bischof wrote in a Local Impact. recent report. “Although “I thought FPL would be regulatory relations in sold to another company Florida have improved at a premium,” Steven significantly, it’s always Lehman, manager of the possible that regulators Federated Utility Fund, could reverse their stance said at the time. “It’s a and put at risk FP&L’s disappointment to get no ability to deploy capital at premium.” attractive rates of return.” The Entergy merger col- Color him a bit skepti- lapsed, but NextEra shook cal, if only a little— Bischof off that setback and pro- lauds NextEra’s results but ceeded to build itself into suggests investors have the utility sector’s star. In overvalued the company’s 2001, NextEra’s $10 billion shares. He thinks shares value was the 30th-larg- are worth $175, a bit below est market capitalization An FPL crewman puts a switcher on the power lines above recent levels. NextEra amongpubliclytradedutil- North County Road in Palm Beach back in 2015. [GREG shares closed Thursday at ities. Today, it’s worth $90 LOVETT/PALMBEACHPOST.COM] $197.11. billion, making it No. 1 by The possibility of rising a wide margin. In a distant Early green this year. interest rates also poses a second is North Carolina- power investor “Only AT&T, Verizon threat. With U.S. unem- based Duke Energy, worth and Amazon invested more ployment at a 50-year low, $63 billion as of Thursday. As an early investor in in this country than we did it’spossiblethattheFederal Since the days of FPL’s green power, NextEra set in terms of capital invest- Reserve could raise interest ill-fated negotiations with itself up to sell wind energy ment,” Chief Executive rates — and that, in turn, Entergy, NextEra has to other utilities. Many James Robo told analysts in might lead some investors rewardedshareholderswith power companies are com- January. “And we’re going to trade their utility shares a return of 1,692 percent, pelled by state regulators to continue to do what we for safer investments. said Ken Berman, head of to produce at least some of have done for more than In general, utility stocks investment-advice service their electricity from green a decade, which is invest are defensive plays. Utility GorillaTradesinJupiterand sources. smart capital at FPL to investors typically focus on an owner of NextEra stock. “NextEra didn’t just see improve the value propo- the dividend rather than In other words, NextEra’s the trend coming,” Berman sition for customers.” the company’s growth days of disappointing says. “It was aggres- NextEra reported a profit prospects. investors are long past. sive about capitalizing on of$6.6billiononrevenueof “They’reperceivedasthe government support for $17 billion in 2018, making Utility as best— the fastest-growing, renewable energy, in par- it both massively profitable growth stock the highest-quality, with a ticular the tax subsidies and the largest company robust future,” said Andy that help finance wind and headquartered in Palm “As a general rule, utili- Smith, a utility analyst at solar projects around the Beach County. ties go down or sideways Edward Jones in St. Louis. country.” if interest rates go up,” How did NextEra out- TheresultisthatNextEra 14,148 employees said Carl Domino, a money smart and outmaneuver its for years has been the in US manager in Palm Beach. rivals? The answer is com- nation’s largest producer “NextEra may well be the plicated, but it starts with of renewable energy — a Investors aren’t the exception.” NextEra’s Florida Power & lead it aims to keep. As the only ones to benefit from That’s because NextEra Light, a reliable profit pro- costs of solar panels have NextEra’s strong run in seems to have pulled off the ducer that’s the primary fallen, NextEra and its recent years. The company unusual feat of positioning provider of power in a fast- FPL division have invested also employs thousands of a utility as a growth stock.
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