The Florida Times-Union by Christopher Hong
December 10, 2019
According to the auditor’s report, JEA signed an engagement letter with Morgan Stanley on July 23, the same date its board unanimously voted to allow JEA executives to pursue privatization. Prior to that meeting, the board had ordered JEA’s executives to not have any conversations tied in any way to privatization without their approval.
JEA officials have handed out more than $1.8 million in legal and lobbying contracts in its ongoing pursuit of potentially privatizing the city-owned utility.
The final tab for those services will likely be higher, considering one law firm, Foley & Lardner, has already exceeded the limit of their original contract by $660,000.