- About
- 2021.02.17 JEA Announces New Leadership Team
- 2021.03.11 JEA Receives First Place Safety Award from Florida Municipal Electric Association
- 2021.06.15 JEA Names Theodore B. Phillips Chief Financial Officer
- 2021.07.13 JEA Announces New COO and VP of Financial Services
- 2021.08.17 JEA Builds Out Leadership Team with Hiring of Chief External Affairs Officer
- 2021.09.15 JEA Names New Chief Information Officer, VP of Technical Services
- 2021.09.30 Ricky Erixton, JEA Vice President of Electric Systems, Named to SERC Reliability Board of Directors
- 2021.09.30 Ricardo “Rick” Morales III Appointed to JEA Board of Directors
- 2021.11.03 JEA Receives Statewide Recognition for Programs that Build Community
- 2022.01.06 JEA Names its First Director of Diversity, Equity & Inclusion
- 2022.01.07 JEA Reducing Carbon Emissions with Closure of Plant Scherer Coal-fired Unit
- 2022.01.17 Statement on Holiday Road Sewer Overflow
- 2022.01.27 JEA Names Mark Stultz Vice President, Communications
- 2022.02.11 JEA Honored as Outstanding Utility by Florida Urban Forestry Council
- 2022.04.08 Steven Selders Promoted to JEA Vice President, Application Delivery and Enterprise Architecture
- 2022.04.26 JEA Managing Director & CEO Jay Stowe, Appointed to Electricity Subsector Coordinating Council
- 2022.06.01 JEA Partnering with Customers to be Ready for 2022 Hurricane Season
- 2022.06.08 JEA Announces Next Generation of Customer Experience Delivery
- 2022.06.13 JEA Presents Environmental Stewardship Award to Evoqua Water Technologies
- 2022.07.26 JEA to Suspend Electric, Water Disconnections During Peak of Summer Heat
- 2022.08.27 Precautionary Boil Water Advisory Remains in Effect for Sandalwood Area as JEA Continues Testing
- 2022.08.28 JEA Lifts Boil Water Advisory for Sandalwood Area
- 2022.09.26 JEA Prepares for Hurricane Ian, Response Procedures in Place
- 2022.09.27 JEA Prepared to Respond to Hurricane Ian Impacts
- 2022.09.28 JEA Welcomes Mutual Aid Response to Hurricane Ian
- 2022.09.29 JEA Crews Restoring Power Throughout Jacksonville
- 2022.10.03 JEA Names Pedro Melendez Vice President, Planning, Engineering & Construction
- 2022.10.20 JEA Honors Local Agency Partners for Their Work in the Community
- 2022.11.04 JEA Receives Statewide Recognition for Community Work in Northeast Florida
- 2022.11.08 JEA Prepares for Subtropical Storm Nicole
- 2022.11.11 All Storm Restorations Continue Today; JEA to Lift Limited Emergency Operations
- 2022.12.12 JEA Women's, Men's Teams Win Top Honors at Statewide Water Competition
- 2022.12.20 JEA Offers Tips in Advance of Severe Cold Weather
- 2022.12.24 JEA Offers Tips During Severe Cold Weather
- 2023.01.10 JEA Receives Statewide Recognition for Mutual Aid Work
- 2023.03.06 JEA Receives Statewide Recognition for Safety
- 2023.03.07 New JEA HQ Customer Center to Open April 10
- 2023.04.06 JEA Lineworkers Earn Top Honors at International Lineman’s Rodeo
- 2023.04.25 Community Invited to May 25 Public Forum on Northeast Florida’s Energy Future
- 2023.05.01 JEA Receives Recognition for Commitment to Urban Tree Management
- 2023.05.18 JEA's Long-Range Clean Energy Plan Available to Public
- 2023.05.26 JEA Ready for 2023 Hurricane Season, Offers Tips to Help Customers Prepare
- 2023.06.05 Helen Materazzi Named JEA Vice President, Organizational Effectiveness
- 2023.06.14 JEA Upgrading Water Meters for All Customers
- 2023.06.15 JEA Crews Heading to Tallahassee to Assist with Storm Restoration
- 2023.06.26 JEA Presents Environmental Stewardship Award to 29 Local Companies
- 2023.07.14 JEA Launches Fleet Vehicle Electrification Program
- 2023.08.22 JEA Issues Precautionary Boil Water Advisory for South Philips Highway and Nocatee Area, Encourages All Customers to Conserve
- 2023.08.22 Chief Human Resources Officer, VyStar Credit Union
- 2023.08.23 Precautionary Boil Water Advisory Remains in Effect for South Philips Highway, Nocatee Area, JEA Continues to Encourage All Customers to Conserve
- 2023.08.24 JEA Lifts Precautionary Boil Water Advisory for South Philips Highway, Nocatee Area
- 2023.08.28 JEA Prepares for Tropical Storm Idalia Encourages Customers to Be Ready
- 2023.08.30 JEA Responding to Customers Due to Hurricane Idalia
- 2023.11.15 JEA Receives Top Ranking in 2023 Business Satisfaction Survey by J.D. Power
- 2023.11.07 JEA Receives Statewide Recognition for Programs That Enhance the Community
- 2023.11.20 Juli Crawford Promoted to JEA Vice President, Enterprise Strategy & Planning
- 2023.11.28 JEA and UNF Advance Sustainable Solutions at Lab Opening
- 2024.01.09 Bond Rating Agencies Affirm Strong Financial Status for JEA Water Services
- 2024.01.30 JEA Hosts FMEA Lineman Competition
- 2024.01.31 JEA Honored with Statewide Award for Mutual Aid Assistance
- 2024.02.26 JEA Lineworkers Earn Top Prizes at Florida Lineman Competition
- 2024.04.08 Kim Wheeler Names JEA Vice President Operations Support
- 2024.04.15 JEA Board Names Vickie Cavey Interim Managing Director and CEO
- 2024.04.23 JEA Launches Project to Expand Existing Lead Pipe Safeguards
- 2024.04.25 JEA to Provide Concierge Service for Customers Exploring Rooftop Solar
- 2024.05.08 Two JEA Leaders Promoted to New Roles
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- 2019.02.12 JEA and City of Jacksonville Reach Contribution Extension Agreement
JEA and City of Jacksonville Reach Contribution Extension Agreement
2019-02-12
JACKSONVILLE, FL – Tonight, the Jacksonville City Council approved an extension of JEA’s contribution agreement with the City of Jacksonville (COJ). The new agreement will:
- Extend the terms and conditions of the agreement through September 2023 with a minimum 1 percent increase in JEA’s contribution to the City each year.
- Continue JEA’s contribution to COJ of 30.34 metric tons in water quality credits plus an additional 13.6 metric tons in water quality credits each year in perpetuity (the additional 13.6 come from the decommissioning of the St. Johns River Power Park). The 43+ metric tons per year of water quality credits are worth more than $8.5 million per year to the City of Jacksonville to help offset future costs.
- Provide an additional $15 million contribution to the City for use in the Septic Tank Phaseout program. This brings the total COJ and JEA contribution toward the program to more than $45 million since 2016.
- Provide a one-time $155,000 contribution for river-level monitoring equipment that was damaged during recent hurricanes.
As part of the agreement, JEA has also committed to manage and fund a study of water and wastewater infrastructure technology and deployment methods. This study has the potential to reduce the significant capital costs of future water and wastewater installation in existing neighborhoods that lack central water and wastewater. According to Aaron Zahn, JEA Managing Director and Chief Executive Officer, “This new approach demonstrates how JEA and the City of Jacksonville can work together to find solutions for long-standing, complex problems.”
Furthermore, JEA’s commitment to each of its corporate measures is evident:
- Customer Value – JEA’s continued expansion of water and wastewater services in the territory add value for underserved customers in the City of Jacksonville. An established contribution policy will allow JEA to provide stable rates.
- Financial Value – As JEA embarks on its strategic planning, a stable contribution policy, similar to the STAR plan of debt retirement, will be critical to that effort. The stability in contribution with additional cash flow created by lower debt cost reduces the fixed cost of the business to allow for greater flexibility. Additionally, a stable contribution policy through 2023 and lower debt payments are viewed as positives by rating agencies.
- Community Impact Value – An additional one-time $15 million contribution allocated to the Septic Tank Phaseout program will provide the opportunity for those without wastewater service identified as greatest in need to connect to JEA’s system at no cost. The program is also one of JEA’s leading Jacksonville Small & Emerging Business programs leading to local economic development. Furthermore, properly functioning river-level monitoring equipment will allow for critical information during storm events. Finally, the $8.5+ million per year of water credit value allows the City of Jacksonville to reallocate funds to other critical needs such as education, police and fire services.
- Environmental Value – Because of its continued focus, JEA is able to provide water quality credits that have been earned over the last several years through strategic capital investment. The phasing out of additional septic tanks will provide water quality benefits for the entire Northeast Florida region.
Category:
- corporate