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Also worth mentioning the related scandal[1] of JEA's former CEO and CFO attempting to sneak in a "Long-Term Incentive Performance Unit Plan" that would have pa
by metaphor 4y ago
Also worth mentioning the related scandal[1] of JEA's former CEO and CFO attempting to sneak in a "Long-Term Incentive Performance Unit Plan" that would have paid out hundreds of millions of taxpayer dollars as bonuses to executives if "a recapitalization event (including a sale of JEA) occurred, meaning payouts would have been funded by net proceeds to the COJ from the sale of JEA."
Entirely unsurprising who the top private bidder was[2].
[1] https://www.jacksonville.com/story/news/local/2022/03/07/former-jea-executives-indicted-public-utility-scandal-aaron-zahn-ryan-wannamacher-jacksonville/6982994001/ https://www.jacksonville.com/story/news/local/2022/03/07/for...
[2] https://www.jacksonville.com/story/news/local/2020/08/26/nextera-energy-parent-fpl-offered-11-billion-buy-jea/3443048001/ https://www.jacksonville.com/story/news/local/2020/08/26/nex...