With Eric Silagy's imminent departure from FPL, the hierarchy of investor-owned power in the Southeastern United States has been turned upside down
, the CEO of one of Southern's major subsidiaries, Alabama Power, would retire at the end of the year.
Ketchum and Silagy both said the retirement was not related to controversies reported in Florida newspapers over the past year about allegations of potential campaign finance violations and dirty tricks —— but the cloud of public scandal was impossible to ignore. Throughout his tenure, Silagy was ever unapologetic about FPL's network of lobbyists, massive political contributions and slick advertisements. None of that spending ever came from ratepayers — he has long claimed shareholders finance those operations — but he was not shy about arguing that perhaps ratepayers ought to pay for some of those expenses.
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