JEA official subpoenaed, city could make $5.1 billion if sold

JEA’s top official has been ordered to appear before a special committee on the possible sale of the utility.

JEA CEO Paul McElroy will have to testify under oath before the special committee on the potential sale of JEA.

MORE: Sale of JEA could affect some customers in St. Johns County | Jacksonville voters could get to decide if JEA is sold | Jacksonville councilman: "Mayor is behind a sale for JEA"

Action News Jax obtained the subpoena sent to McElroy by the city council secretary.

It states: “YOU ARE HEREBY COMMANDED to appear before the City Council Special Committee on the Potential Sale of JEA at its scheduled meeting on Thursday, March 29…”

McElroy addressed the subpoena Thursday.

“I certainly was disappointed, disillusioned to some extent,” McElroy said.  “I’m going to be there, I’m going to take the oath, and we’re going to have a conversation.”

Also Thursday, the council auditor released its report, noting the city would take in between $1.7 and $5.2 billion if it sold JEA.

It lists benefits including having a large sum of money to pay down debt or finance a large project.

It also stated drawbacks, including the potential for rates increasing for JEA customers.

McElroy said customers don’t have to worry about rates going up this coming year.

Cox Media Group