JEA cancels privatization plan
The community-owned utility company, Jacksonville Electric Authority, has canceled its plan to privatize the company after the emergency meeting held in December 2019.
At the onset of the privatization plan, the company has received nine bids that include American Public Infrastructure LLC, American Waterworks Co., Duke Energy, Emera Inc., JEA Public Power Partners, IFM Investors PTY LTD, Macquarie Infrastructure and Real Assets, and NextEra Energy.
The Jacksonville Civic Council has urged the City Council to end the Intent to Negotiate process that JEA has engaged with the interested bidders in the potential sale.
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