JEA

U.S. District Judge Brian Davis cited the complexity of the cases against former JEA executives Aaron Zahn and Ryan Wannemacher.

Moody's pointed to JEA's "sound financial performance" from 2019 through 2021, improved governance under a new board and executive team, and the utility's settlement of a lawsuit with MEAG Power over the Plant Vogtle contract.

The listed price for the home of former CEO Aaron Zahn has fallen by $300,000, according to online real estate listings. The 7,371-square-foot house in Jacksonville Beach has six bedrooms and seven baths.

Former CEO Aaron Zahn and former chief financial officer Ryan Wannemacher face federal charges of conspiracy and wire fraud.

Prosecutors accuse former CEO Aaron Zahn and Chief Financial Officer Ryan Wannemacher of trying to secretly extract tens of millions of dollars of personal profit before selling the city-owned utility to a private operator.

But the fuel charge still will settle in at a higher amount than it was before JEA started making adjustments that raised the typical residential bill by 18% through this month.

The utility is paying more for the natural gas that fuels power plants. The cost should drop in March, JEA says.

JEA has closed Plant Scherer’s Unit 4 in Juliette, Georgia, replacing its coal-fired electric power with natural gas through a power purchase agreement with Florida Power & Light Co.

In late 2019, a lawyer in the Jacksonville office of Foley & Lardner provided legal guidance to employees at a Florida Power & Light consulting firm at the same time that Foley attorneys worked on the proposed JEA sale.

JEA opposes the move, saying it has the exclusive right to serve the area on the far western border of Duval County.