The largest municipality in Florida has issued an invitation to negotiate for strategic alternatives which will help the utility to remain relevant today, tomorrow and in future.
Jacksonville Electric Authority (JEA) is seeking proposals from companies to address constraints hindering the municipality's growth.
The aim is to maximise JEA’s customer, community, environmental and financial value over the long term.
The proposals will need to help JEA to improve its financial, technology, energy and water divisions.
The utility will select proposals which include helping the utility to have a minimum of $400 million distributed to customers, and at least $3 billion to the City of Jacksonville and for the protection of employees.
JEA is facing critical revenue losses due to the rollout of energy efficiency and distributed energy resources programmes, new disruptive technologies, competitors, government constraints, customer demands and other forces reshaping the utility industry.
Aaron Zahn, CEO at JEA, said: “In today’s dynamic energy and water environments, simply keeping up with everyone else is no longer enough. Creating and sustaining value depends on setting yourself apart in non-traditional ways and continually looking ahead to understand what drives superior financial performance while exceeding the service, reliability and affordability demands of customers.
“This solicitation process is a demonstration of JEA’s commitment to value, customer service and the entire Northeast Florida community both now and in the future.”
The invitation to negotiate will be conducted in three phases, solicitation, evaluation and negotiation.
The deadline to submit proposals is September 30 2019.