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Released A 132-page Report.pdf

1.-SIC-Report-Online.pdf
Preview of released a 132-page report
🔗 Source: jeainvestigation.com
📊 Size: 2.89 MB
👤 Author: Kevin Blodgett
⬇️ Downloads: 78

Summary

The committee, formed by the City Council, investigated the potential sale of JEA, a public utility company. The report outlines the events surrounding the proposed sale, including the issuance of a Request for Proposal (RFP) in 2017, the selection of Morgan Stanley as a sale advisor, and the development of a "strategic planning" process by JEA. The committee found that JEA's senior leadership used a "doom and gloom" narrative to promote privatization and that the company's Performance Unit Plan (PUP) was intended to enrich JEA executives. The report also details the collapse of the sale process, including the issuance of an Invitation to Negotiate (ITN) and the subsequent cancellation of the ITN and firing of senior leadership. The committee made legislative recommendations, including improvements to procurement, investigative authority, compensation programs, and ethics and transparency.

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Description

The committee, formed by the City Council, investigated the potential sale of JEA, a public utility company.

Technical Information

  • File Format: PDF
  • File Size: 2.89 MB
  • Pages: 138
  • Language: EN
  • Author: Kevin Blodgett
  • Total Downloads: 78
  • Last Updated: 1 week ago

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