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Old 10-08-2019, 06:20 AM
 
256 posts, read 102,547 times
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So allegedly 16 companies are vying for the chance to purchase JEA. Aside from the obvious neighboring utilities (FPL, Southern Co, Duke, TECO), who else would be in the running? Who do you think will come out on top...and what will become of the water/sewer component?
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Old 10-08-2019, 08:14 AM
 
370 posts, read 269,453 times
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my guess would be FPL including the water/sewer. Would that be the most obvious choice? I never thought about TECO. Thought they were only a natural gas company.
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Old 10-09-2019, 03:44 AM
 
23 posts, read 16,376 times
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It’s not actually TECO and FPL, it’s their respective parent company Emera and NextEra.

My guess is water and electric are split and sold to different entities but hard to say who.
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Old 10-09-2019, 09:52 AM
 
Location: Black Hammock Island
4,276 posts, read 12,940,313 times
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I know there's a good answer to this that perhaps is obvious, although not to me with limited knowledge of how utilities work, but if a private company can provide electricity with a profit, why can't JEA mimic how a private entity does it and make a profit? Is there too much untrimmable fat and too many miles of uncuttable red tape because JEA is public? As for who will come out on top, I will guess whichever of the 16 who has the deepest pockets to offer the biggest purchase price combined with a promise not to raise rates (and I will presume that promise will disappear once the ink is dry and a few months' worth of invoices have gone out to customers with a new letterhead ... sorry, yes, I am cynical :-)
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Old 10-09-2019, 10:46 AM
 
23 posts, read 16,376 times
Reputation: 44
JEA is profitable, that’s how they are able to contribute $116 million to the city each year. You can see their financial statements on their website. The management’s stated motivation for ‘recapitalization’ is that the trend of revenues is on the decline and the charter prohibits them from entering new business areas.
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