CUSIP 626207H56
- ISIN: US626207H569
- Entity Name: Municipal Electric Authority of Georgia
- Sector: Sovereign Agency
- Announcement Date: *****
- Effective Date: *****
- Issue Date: *****
- Maturity Date: *****
- Country of Issuer: *****
- Region: N.Amer
- Issue Currency: *****
- CA Type: Propose Collateral Sale
- News: JEA commissioned Public Financial Management (PFM) to prepare a report to inform the Board of Directors (the JEA Board) of JEA (JEA), the City of Jacksonville (the City) and the public as to several important considerations that must be evaluated in order to make any decisions regarding JEAs future. A copy of that report, entitled The Future of JEA: Opportunities and Considerations, dated February 14, 2018 (the Report), has been filed with the Municipal Securities Rulemaking Board (the MSRB), through the MSRBs Electronic Municipal Market Access (EMMA) website currently located at http://emma.msrb.org . On March 20, 2018, the JEA Board held a workshop to discuss the issues related to a potential sale and to examine next steps as the JEA Board continues to consider the benefits and risks of a potential sale of JEAs Electric System, Water and Sewer System and District Energy System. Any potential sale of JEAs Electric System, Water and Sewer System and District Energy System would require the approval of the City Council (City Council) of the City. The City Council has appointed a special committee (Special Committee) currently consisting of the 19 members of the City Council to examine and understand all aspects and implications of a potential sale of JEA and to gather the relevant facts the City Council should consider in any decisions related to a potential sale of JEA. The Special Committee is scheduled to meet regularly to help to ensure a transparent and open process for the citizens of the City as to the consideration of a potential sale of JEA. The actions of the JEA Board and the City Council are in response to a request from JEA Board member Tom Petway in November 2017 that the JEA Board and the City consider the financial benefits that would result from a privatization of JEAs Electric System, Water and Sewer System and District Energy System and whether the customers of JEA and the people of the City would be better served by the private marketplace.
- Description: *****
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US626207H569
