JEA Set to Raise Electric Rates

[Metro Jacksonville]

JEA Set to Raise Electric Rates

JEA Board Approves Electric Base Rate and Variable Fuel Rate Adjustments  Jacksonville, FL  - The JEA Board of Directors voted today in favor of a four-year phased-in Electric Base Rate adjustment. The JEA Board also approved a variable fuel rate adjustment, a new environmental charge and a residential conservation charge.  The adjustments will be effective October 1, 2007. This is the first increase in JEA’s electric base rate since 1994. The new rates will offset the increased debt service costs JEA is experiencing due to the capital improvements JEA has made in the past 10 years. The increase also provides for future generation and capacity needs – JEA’s average electric demand has been growing by 100 megawatts (MW) a year.

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http://www.metrojacksonville.com/content/view/482