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JEA Board Approves Fuel Credit for Customers
Jacksonville, FL - At their regular monthly meeting today, the JEA Board of Directors approved a recommendation to refund approximate $26 million of its Fuel Reserve to customers by providing a Fuel Charge credit on bills in July.
This credit for the average residential customer will be approximately $32. All customers who have an active account in July will receive the credit—residential and commercial.
Based on the guidelines of the JEA Pricing Policy, the current target of the fuel fund is about $95 million. The refund amount will bring JEA in line with this reserve target by September 2014.
This one-time Fuel Credit came from JEA’s savings on fuel costs because the price of natural gas was lower than expected. JEA is returning these dollars to its customers.
JEA is the seventh-largest community-owned electric utility in the United States and one of the largest water and sewer utilities in the nation providing electric, water and sewer service to residents and businesses in northeast Florida.
- fuel credit