Take Two: JEA Seeks Bidders for Water Utility Assets
On 14 October 2019, the JEA (formerly Jacksonville Electric Authority) evaluation committee released the names of eight companies—with one company undisclosed—that expressed interest in purchasing its electric and water utility. In total, 17 companies submitted bids, 13 of which were scored by the evaluation committee, and nine are moving onto the negotiation phase. In particular, JEA’s scale presents a unique opportunity for electric power companies submitting bids.
In this Research Note, Bluefield analyzes:
- JEA’s path to privatization
- Potential bidders for JEA
- The move toward smart cities