NextEra Utility Giant Agrees to $8M Settlement in Employee Retirement Class Action

Florida-based NextEra Energy Inc., one of the world’s largest electric utilities, has settled a class-action lawsuit, agreeing to pay $8 million to some 20,000 employees who said the company had mishandled retirement funds.Plaintiffs’ attorneys’ fees should not exceed 33% of the gross settlement amount, reads the settlement agreement, filed in U.S. District Court in Southern Florida. The largely self-insured NextEra, owner of Florida Power & Light and one of the world’s largest renewable energy enterprises, ...