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04:43 PM EST Share The utility’s board of directors also is monitoring Plant Vogtle delays but expect a “neutral” impact on residential electric rates in 2022.
The JEA board of directors scheduled a public rate hearing for Aug. 24 where it is expected to vote on the first water, sewer and irrigation capacity fee increases in 15 years, affecting builders and customers connecting to the city-owned utility’s system.
The board also will vote on adjustments to electric rates, but JEA CEO Jay Stowe said at the June 22 board meeting that the changes will have a “net neutral” impact and not raise the average residential customer’s bill in fiscal year 2022.
12:53 PM EST Share New York-based credit agency Fitch says the grade is linked to a versatile financial position despite the pandemic.
Credit agency Fitch Ratings says the Jacksonville Port Authority’s rating on its $129.8 million outstanding revenue bonds remains at “A” and has a stable outlook.
The New York City-based international credit rating agency April 16 report cites JaxPort’s growing automobile and container activity and long-term contracts with container and cargo tenants as reasons for the stable rating.
Fitch called JaxPort’s financial and operating position “versatile” despite the coronavirus pandemic.
“Our diversity of business and strong relationships with our customers, along with the investments that have been made in our port by our federal, state, local, and private partners, have helped ensure that we can continue to grow and thrive in today’s industry,” JaxPort CEO Eric Green said in a news release May 5.