JEA begins the process of raising rates

JEA will begin the process Tuesday of raising electric, water and wastewater rates.

During a workshop of the JEA board, officials are expected to recommend a 6% increase in revenue collections across its electric system in order to close a projected $36 million shortfall for the current fiscal year.

Leaders from the municipal authority also will share with the board a projected $15 million shortfall for its water and sewer system this fiscal year.

If approved as presented, residential electric customers would see a 7% increase in their rates as soon as next spring.

Residential users would see an 11% increase in water and sewer rates.

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No binding action will take place during tomorrow’s meeting. The JEA board is expected to receive information and provide feedback for the utility’s next steps.

Tuesday’s meeting is the first step in a three-part process. In January, the board would call for a rate hearing. In February, the utility would hold a rate hearing. If approved, the first of two rate increases would take effect in April 2025. A second increase would take effect in October of next year.

The meeting begins at 9 a.m. at JEA headquarters. Public comments will be accepted if speakers submit cards before the meeting starts.