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., the largest U.S. producer of wind power, had its biggest gain in more than four years after saying it may form a “yield company” to attract investors seeking steady returns from its power plants.
FPL Group Inc., the largest U.S. producer of renewable energy, cut plans to expand wind-energy projects for by as much as 40 percent, due to low electricity prices and uncertainty regarding climate legislation.
FPL Group Inc., owner of Florida’s largest utility, plans to cut 300 jobs and go forward with $2 billion in upgrades to two power plants after a January rate ruling forced the company to review its spending plans.