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A.G. GancarskiFebruary 9, 2018

Good news and bad news for those watching the trials and travails of Jacksonville’s Police and Fire Pension Fund. The good news first: Per a recent actuarial report from the fund, 2017’s funded ratio is 47.60% compared to 43.02% last year (after reflecting all Actuarial Impact Statements). This is the highest ratio since 2010. The […]

A.G. GancarskiFebruary 8, 2018

As Jacksonville considers the increasingly less hypothetical question of whether or not to sell its public utility, JEA, a bill (2018-101) filed this week would earmark any proceeds. The bill, filed by Republican City Councilman Matt Schellenberg, would set up a restricted reserve account, which would require a two-thirds vote to access funds therein. In a conversation Thursday […]

A.G. GancarskiFebruary 7, 2018

Public Financial Management is developing a valuation report for JEA, and a draft released to media makes the case that Jacksonville’s utility may have a “new answer to the old question of whether the city should sell JEA.” The most telling paragraph in the 25-page draft of the potential sale comes at its close. “In […]

A.G. GancarskiFebruary 6, 2018

On Tuesday, Jacksonville City Councilmembers struggled, in a meeting in a packed Council chambers, with the idea of a sale of the JEA to a private company. This was the second straight day on which Council members did a deep dive into JEA operations, with Monday offering Council calling for underground power lines. The office […]

A.G. GancarskiFebruary 5, 2018

Jacksonville’s relationship with its municipal utility, JEA, is on shaky ground. The office of Mayor Lenny Curry is, depending on who is telling the story, at least open to the possibility of selling off JEA to a private owner. Jacksonville City Council members have their concerns, which will be discussed in a public meeting on Tuesday […]

A.G. GancarskiFebruary 1, 2018

Last year, outgoing JEA board member Tom Petway floated an audacious proposal: privatize Jacksonville’s public utility. Explorations of that concept apparently have proceeded to the point where Action News Jax reports there are worries of a “mass exodus” from the company. Moreover, an internal letter template suggests pending offers of “continued employment” during possible “acquisition or change of control,” […]

A.G. GancarskiNovember 29, 2017

The big local story this week was on Tuesday, when former JEA Board Chairman Tom Petway said customers of the 50-year-old municipal Jacksonville utility might be better off under a privatized model. Jacksonville City Council members — such as Matt Schellenberg and Garrett Dennis — were open to the idea, while Jacksonville Mayor Lenny Curry framed it as a […]

A.G. GancarskiNovember 28, 2017

The big news out of Tuesday’s meeting of Jacksonville’s JEA Board wasn’t on the agenda. Board member Tom Petway — one of the earliest supporters of the candidacy of Jacksonville Mayor Lenny Curry — announced his intention to leave the board Dec. 31. And he revived a major conceptual proposal on his way out. Petway suggested that perhaps […]

A.G. GancarskiOctober 30, 2017

We reported weeks back on concerns with Whitefish Holdings assuming the massive task of reconstructing Puerto Rico’s storm-ravaged power grid. Florida Politics reportage raised serious questions about the “wisdom of the decision by the Puerto Rico Electric Power Authority (PREPA) — following the guidance of the U.S. Army Corps of Engineers (USACE) — to trust the two-employee […]

A.G. GancarskiOctober 17, 2017

Florida Politics has learned, via a source outside of City Hall familiar with the process, that Jacksonville’s JEA Board will have a new member soon — pending City Council approval. April Green has been selected to fill a vacancy left by Ed Burr, who stepped down from the board earlier this year. Legislation will be introduced […]

Tag: JEA

Jacksonville Police and Fire Pension Fund sees bounce in funding level, but extra contributions urged

Jacksonville to mull ‘lockbox’ for JEA sale proceeds

JEA draft valuation report lays out benefits of sale

Jacksonville City Councilmembers want answers before selling JEA to private investor

Jacksonville Councilors want underground power lines in older neighborhoods

Jacksonville City Council, Lenny Curry’s office to clash over JEA privatization?

Lenny Curry frames JEA privatization proposal as an example of thinking big

Exiting JEA Board, Tom Petway renews push to privatize Jax public utility

JEA still restoring Puerto Rico power, despite Whitefish contract cancellation

April Green to be nominated for Jacksonville’s JEA Board