NextEra Energy: A Utility of Giants and Solar Demons 🌞
In the sun-drenched labyrinth of Florida, NextEra tends to the mortal coil of its utility, Florida Power & Light. A regulated entity, yes, but one that thrives on the migration of souls to the Sunshine State. More residents mean more customers, and more customers mean a mechanical beast of capital spending that growls for balance between supply and demand. This is the dance of the regulated utility-a slow waltz with the state, where rates and investments must be approved by the bureaucratic priesthood. Yet even in this stately ritual, growth emerges, steady as the ticking of a clock, though as dry as a bureaucrat’s tea.