JEA has committed an additional $260.3 million to a long-term power purchase agreement with Florida Power & Light Co. as overall demand for electricity rises among the city-owned utility’s customer base.
Following a 7-0 board vote Nov. 18, JEA will purchase another 100 megawatts from FPL, adding to the previous agreement for 200 megawatts.
According to a memo provided to the board, JEA’s annual electricity sales increased 2.3% in the last two fiscal years. That trend is driven by an increase in both the number of customers JEA serves and how much energy individual customers are consuming.
JEA is set to pay $227.2 million for the power purchase agreement and $33.1 million for energy transmission.
JEA’s original agreement with FPL began Jan. 1, 2022, and is set to run through 2041. JEA’s additional purchase would kick in Jan. 1, 2027.
The utility recorded its two highest days of energy demand during the summer of 2025. On July 28, JEA set a record summer peak load – a measurement of demand – at 2,959 megawatts. On July 29, the peak load reached 2,590 megawatts.
Typical summer peak loads are about 2,500 to 2,600 megawatts. The July 28 and 29 records surpassed the high set in August 2007 at 2,937 megawatts.
High temperatures reached 101 on those days in Jacksonville, according to the National Weather Service website, weather.gov/jax. The highs set records for each day, driving up energy usage for air-conditioning.
The power purchase agreement is not expected to lead to a rate increase for JEA customers, though JEA is expecting increases in future years to pay for capital projects.