It’s a 106-degree Fahrenheit day in the Mojave Desert. Heat devils dance off chocolate-hued Clark Mountain on the horizon. Air-conditioned cars zip along Interstate 15 toward Las Vegas. And inside a chain-link pen covered to keep out predators are scores of rare, threatened, sand-colored desert tortoises.
NextEra Energy Inc.’s flagship utility Florida Power & Light won state approval today for a $350 million electricity rate increase and above-average return on equity after last-minute concessions to regulators.