• Authorizes JEA to issue bonds without further Council action in an aggregate amount not to exceed:

Neighborhoods, Community Services, Public Health and Safety Committee · 2026-09-14 · agenda_item

The City of Jacksonville's Neighborhoods, Community Services, Public Health and Safety Committee is reviewing a proposal that would allow JEA to issue bonds for system upgrades and improvements. This proposal is currently pending review. The authorization would permit JEA to issue bonds up to $3.9 billion for the Electric System, $3.7 billion for the Water and Sewer System, and $150 million for the District Energy System. These amounts are expected to cover borrowing needs for the next three to four years. This planned bond issuance could lead to significant infrastructure work, including potential upgrades to electrical grids, water mains, sewer lines, and district energy facilities. Contractors, suppliers, and service providers in utilities, construction, and related fields should monitor this item's progress. Early engagement before final plans and permits are set could provide a competitive advantage for future work.

Electric System bond authorization

3.9 billion dollars

Water and Sewer System bond authorization

3.7 billion dollars

District Energy System bond authorization

150 million dollars

estimated coverage period for borrowing needs

3-4 years