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WPEC-TV CBS12 News :: News - Palm Beach County News - Group to protest FPL tax breaks at Juno Beach shareholder meeting

Group to protest FPL tax breaks at Juno Beach shareholder meeting

JUNO BEACH, Fla. -- A protest is planned for Friday's 's meeting of FPL shareholders. The group staging the demonstration says it's outraged FPL's parent company paid no federal taxes yet still wants a rate increase.

FPL's hybrid solar-natural gas plant in Indiantown. An example of the investments allowing FPL's parent company NextEra Energy to pay absolutely no federal income taxes. A fact not denied by FPL spokesman Neil Nissan.

Neil Nissan: Because we've been investing billions of dollars in the energy infrastructure of the country basically-- creating jobs-- we qualify for some tax deferrals, similar to all businesses.

Steve Ellman/Protester: The imbalances in our society are just too large to be maintained any longer.

Steve Ellman of Lake Worth is one of the people planning to protest Friday's meeting of NextEra Energy shareholders taking place at the company's Juno Beach headquarters.

Steve Ellman: I'm paying more in federal income taxes than FPL is going to pay.

Neil Nissan: I think their claims are a little disingenuous, because we pay a large amount of taxes every year.

Florida's largest taxpayer claims Nissan, local property taxes and state taxes that is. FPL says the federal tax breaks allow them to invest more which ultimately results in lower bills for customers. The protesters also take issue with the tens of millions raked in by NextEra's top executives.

Neil Nissan: NextEra has a strong pay for performance philosophy, and our company has provided a lot of shareholder value.

Steve Ellman: This is not about soaking the rich. It's just about making sure the rest of us aren't getting soaked.

Ellman claims he's also an FPL shareholder. But he says he'd rather protest than attend the meeting Friday morning. Group to protest FPL tax breaks at Juno Beach shareholder meeting

Thursday, May 24 2012, 08:38 PM EDT

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