Presentation by Jason Teal re: SIC Update

Finance Committee · 2026-05-19 · agenda_item

This item concerns an update on the Special Investigatory Committee (SIC) regarding JEA activities. The SIC is examining issues such as uncollected capacity fees, workplace concerns, and financial risks associated with a combined cycle plant project. The committee has commissioned a vendor survey and is awaiting results from an internal employee survey and auditor analysis of capacity fees. Testimonies have been received, and the SIC is considering issuing subpoenas for additional information and documents related to capacity fees, employee records, and a proposed settlement. This is an early stage of review, with the Finance Committee receiving a presentation. The work involves investigative processes, document review, and potential legal proceedings, which may lead to future needs for legal services, administrative support, and potentially specialized consulting or research services as the investigation progresses.